Payden USD (Ireland) Risk Analysis And Volatility Evaluation

F00000SGGM -- Ireland Fund  

USD 11.07  0.00  0.00%

Our philosophy towards forecasting volatility of a fund is to use all available market data together with company specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Payden USD Low which you can use to evaluate future volatility of the fund. Please check Payden USD Low Coefficient Of Variation of 1,205 and Risk Adjusted Performance of 0.07 to confirm if risk estimate we provide are consistent with the epected return of 0.0%.
 Time Horizon     30 Days    Login   to change

Payden USD Market Sensitivity

As returns on market increase, returns on owning Payden USD are expected to decrease at a much smaller rate. During bear market, Payden USD is likely to outperform the market.
One Month Beta |Analyze Payden USD Low Demand Trend
Check current 30 days Payden USD correlation with market (DOW)
β = -3.0E-4
Payden USD Almost negative betaPayden USD Low Beta Legend

Payden USD Low Technical Analysis

Transformation
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Projected Return Density Against Market

Assuming 30 trading days horizon, Payden USD Low Duration Credit USD Acc has beta of -3.0E-4 suggesting as returns on benchmark increase, returns on holding Payden USD are expected to decrease at a much smaller rate. During bear market, however, Payden USD Low Duration Credit USD Acc is likely to outperform the market. Additionally, Payden USD Low Duration Credit USD Acc has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
 Predicted Return Density 
      Returns 
α
Alpha over DOW
=0.02
β
Beta against DOW=0.0003
σ
Overall volatility
=0.00
Ir
Information ratio =0.43

Actual Return Volatility

Payden USD Low Duration Credit USD Acc accepts 0.0% volatility on return distribution over the 30 days horizon. DOW inherits 0.5525% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

Payden USD Volatility Factors

30 Days Market Risk

Unknown risk

Chance of Distress in 24 months

Unknown Distress

30 Days Economic Sensitivity

Unaffected

Investment Outlook

Payden USD Investment Opportunity
DOW has a standard deviation of returns of 0.55 and is 9.223372036854776E16 times more volatile than Payden USD Low Duration Credit USD Acc. 0% of all equities and portfolios are less risky than Payden USD. Compared to the overall equity markets, volatility of historical daily returns of Payden USD Low Duration Credit USD Acc is lower than 0 (%) of all global equities and portfolios over the last 30 days.
Additionally see Investing Opportunities. Please also try Commodity Channel Index module to use commodity channel index to analyze current equity momentum.