Payden Government Fund Market Value
| PYUSX Fund | USD 9.26 0.01 0.11% |
| Symbol | Payden |
Payden Us 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Payden Us' mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Payden Us.
| 01/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in Payden Us on January 24, 2024 and sell it all today you would earn a total of 0.00 from holding Payden Government Fund or generate 0.0% return on investment in Payden Us over 90 days. Payden Us is related to or competes with Payden Corporate, Payden Absolute, Payden Absolute, Payden Emerging, Payden Regal, Payden Core, and Payden Emerging. The fund invests 100 percent of its total assets in U.S More
Payden Us Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Payden Us' mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Payden Government Fund upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.47) | |||
| Maximum Drawdown | 1.18 | |||
| Value At Risk | (0.32) | |||
| Potential Upside | 0.2162 |
Payden Us Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Payden Us' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Payden Us' standard deviation. In reality, there are many statistical measures that can use Payden Us historical prices to predict the future Payden Us' volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | (0.16) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Payden Us' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Payden Government Backtested Returns
Payden Government maintains Sharpe Ratio (i.e., Efficiency) of -0.0079, which implies the entity had a -0.0079% return per unit of risk over the last 3 months. Payden Government exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Payden Us' Coefficient Of Variation of (4,086), variance of 0.0372, and Risk Adjusted Performance of (0.04) to confirm the risk estimate we provide. The fund holds a Beta of 0.0919, which implies not very significant fluctuations relative to the market. As returns on the market increase, Payden Us' returns are expected to increase less than the market. However, during the bear market, the loss of holding Payden Us is expected to be smaller as well.
Auto-correlation | -0.14 |
Insignificant reverse predictability
Payden Government Fund has insignificant reverse predictability. Overlapping area represents the amount of predictability between Payden Us time series from 24th of January 2024 to 9th of March 2024 and 9th of March 2024 to 23rd of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Payden Government price movement. The serial correlation of -0.14 indicates that less than 14.0% of current Payden Us price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Payden Government lagged returns against current returns
Autocorrelation, which is Payden Us mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Payden Us' mutual fund expected returns. We can calculate the autocorrelation of Payden Us returns to help us make a trade decision. For example, suppose you find that Payden Us has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Payden Us regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Payden Us mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Payden Us mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Payden Us mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Payden Us Lagged Returns
When evaluating Payden Us' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Payden Us mutual fund have on its future price. Payden Us autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Payden Us autocorrelation shows the relationship between Payden Us mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Payden Government Fund.
Regressed Prices |
| Timeline |
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Check out Payden Us Correlation, Payden Us Volatility and Payden Us Alpha and Beta module to complement your research on Payden Us. You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
Payden Us technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.