Payden California Muncipal Fund Price on September 27, 2024
| PYCRX Fund | USD 10.01 0.01 0.10% |
Below is the normalized historical share price chart for Payden California Muncipal extending back to April 20, 1999. 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 California stands at 10.01, as last reported on the 4th of December, with the highest price reaching 10.01 and the lowest price hitting 10.01 during the day.
If you're considering investing in Payden Mutual Fund, it is important to understand the factors that can impact its price. At this stage we consider Payden Mutual Fund to be very steady. Payden California maintains Sharpe Ratio (i.e., Efficiency) of 0.0474, which implies the entity had a 0.0474% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Payden California, which you can use to evaluate the volatility of the fund. Please check Payden California's Coefficient Of Variation of 1112.22, semi deviation of 0.1346, and Risk Adjusted Performance of 0.0415 to confirm if the risk estimate we provide is consistent with the expected return of 0.0098%.
Payden Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Payden |
Sharpe Ratio = 0.0474
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| Negative Returns | PYCRX |
Estimated Market Risk
| 0.21 actual daily | 1 99% of assets are more volatile |
Expected Return
| 0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.05 actual daily | 3 97% of assets perform better |
Based on monthly moving average Payden California is performing at about 3% of its full potential. 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 California by adding it to a well-diversified portfolio.
Payden California Valuation on September 27, 2024
It is possible to determine the worth of Payden California on a given historical date. On September 27, 2024 Payden was worth 9.98 at the beginning of the trading date compared to the closed value of 9.98. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Payden California mutual fund. Still, in general, we apply an absolute valuation method to find Payden California'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 California where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Payden California's related companies.
| Open | High | Low | Close | Volume | |
| 9.98 | 9.98 | 9.98 | 9.98 | 1.00 | |
09/27/2024 | 9.98 | 9.98 | 9.98 | 9.98 | 1.00 |
| 10.01 | 10.01 | 10.01 | 10.01 | 1.00 |
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Payden California Trading Date Momentum on September 27, 2024
| On September 30 2024 Payden California Muncipal was traded for 10.01 at the closing time. The highest daily price throughout the period was 10.01 and the lowest price was 10.01 . There was no trading activity during the period 1.0. Lack of trading volume on 09/30/2024 added to the next day price jump. The trading delta at closing time to closing price of the next trading day was 0.30% . The trading delta at closing time to current closing price is 0.10% . |
Payden California Fundamentals Correlations and Trends
By evaluating Payden California'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 California'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 California Mutual Fund history
Payden California 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 California 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 California stock prices may prove useful in developing a viable investing in Payden California
Under normal market circumstances, the fund invests at least 80 percent of its net assets in California Municipal Securities, which are defined as debt obligations issued by the State of California, local governments and other authorities in California, and their agencies and instrumentalities, or by other issuers, all of which pay interest income exempt from Federal and California personal income tax.
Payden California Mutual Fund Technical Analysis
Payden California 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 California Period Price Range
Low | December 4, 2024
| High |
0.00 | 0.00 |
Payden California Muncipal 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 California December 4, 2024 Market Strength
Market strength indicators help investors to evaluate how Payden California 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 California shares will generate the highest return on investment. By undertsting and applying Payden California mutual fund market strength indicators, traders can identify Payden California Muncipal entry and exit signals to maximize returns
Payden California Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Payden California'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 | 0.0415 | |||
| Jensen Alpha | 0.0075 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.30) | |||
| Treynor Ratio | 0.9221 |
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Other Information on Investing in Payden Mutual Fund
Payden California 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 California security.
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