Payden Porate Bond Fund Price on November 6, 2024
| PYACX Fund | USD 9.93 0.04 0.40% |
Below is the normalized historical share price chart for Payden Porate Bond extending back to March 20, 2009. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Payden Corporate stands at 9.93, as last reported on the 4th of December, with the highest price reaching 9.93 and the lowest price hitting 9.93 during the day.
If you're considering investing in Payden Mutual Fund, it is important to understand the factors that can impact its price. Payden Porate Bond maintains Sharpe Ratio (i.e., Efficiency) of -0.0325, which implies the entity had a -0.0325% return per unit of risk over the last 3 months. Payden Porate Bond exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Payden Corporate's Coefficient Of Variation of 6382.3, semi deviation of 0.2794, and insignificant Risk Adjusted Performance to confirm the risk estimate we provide.
Payden Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Payden |
Sharpe Ratio = -0.0325
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| Negative Returns | PYACX |
Estimated Market Risk
| 0.32 actual daily | 2 98% of assets are more volatile |
Expected Return
| -0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.03 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Payden Corporate is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Payden Corporate by adding Payden Corporate to a well-diversified portfolio.
Payden Corporate Valuation on November 6, 2024
It is possible to determine the worth of Payden Corporate on a given historical date. On November 6, 2024 Payden was worth 9.76 at the beginning of the trading date compared to the closed value of 9.76. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Payden Corporate mutual fund. Still, in general, we apply an absolute valuation method to find Payden Corporate's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Payden Corporate where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Payden Corporate's related companies.
| Open | High | Low | Close | Volume | |
| 9.82 | 9.82 | 9.82 | 9.82 | 1.00 | |
11/06/2024 | 9.76 | 9.76 | 9.76 | 9.76 | 1.00 |
| 9.83 | 9.83 | 9.83 | 9.83 | 1.00 |
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Payden Corporate Trading Date Momentum on November 6, 2024
| On November 07 2024 Payden Porate Bond was traded for 9.83 at the closing time. The highest daily price throughout the period was 9.83 and the lowest price was 9.83 . There was no trading activity during the period 1.0. Lack of trading volume on 11/07/2024 added to the next day price jump. The trading delta at closing time to closing price of the next trading day was 0.72% . The trading delta at closing time to current closing price is 0.20% . |
Payden Porate Bond Fundamentals Correlations and Trends
By evaluating Payden Corporate's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Payden Corporate's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Payden financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Payden Corporate Mutual Fund history
Payden Corporate investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Payden is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Payden Porate Bond will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Payden Corporate stock prices may prove useful in developing a viable investing in Payden Corporate
The fund invests in a wide variety of debt instruments and income-producing securities. Under normal market conditions, the fund invests at least 80 percent of its total assets in corporate bonds or similar corporate debt instruments. In addition, in order to gain exposure to corporate debt markets, the fund may use derivatives to a significant extent, including in particular, credit default swaps with respect to individual corporate names and with respect to various credit indices.
Payden Corporate Mutual Fund Technical Analysis
Payden Corporate 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.
Price Boundaries
Payden Corporate Period Price Range
Low | December 4, 2024
| High |
0.00 | 0.00 |
Payden Porate Bond cannot be verified against its exchange. Please verify the symbol is currently traded on NMFQS Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Payden Corporate December 4, 2024 Market Strength
Market strength indicators help investors to evaluate how Payden Corporate mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Payden Corporate shares will generate the highest return on investment. By undertsting and applying Payden Corporate mutual fund market strength indicators, traders can identify Payden Porate Bond entry and exit signals to maximize returns
Payden Corporate Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Payden Corporate's price direction in advance. Along with the technical and fundamental analysis of Payden Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Payden to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.31) | |||
| Treynor Ratio | 0.2618 |
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Other Information on Investing in Payden Mutual Fund
Payden Corporate financial ratios help investors to determine whether Payden Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Payden with respect to the benefits of owning Payden Corporate security.
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