Payden Floating Correlations

Mutual Funds . USA . 
Fund . Payden Floating Rate
PYBLX Fund   9.70  0.01  0.10%   
The current 90-days correlation between Payden Floating Rate and Allianzgi Convertible Income is 0.63 (i.e., Poor diversification). The correlation of Payden Floating is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Payden Floating Correlation With Market

Significant diversification

The correlation between Payden Floating Rate and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Payden Floating Rate and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Payden Floating Rate. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with Payden Mutual Fund

  0.86PYAYX Payden Corporate BondPairCorr
  0.9PYABX Payden Absolute ReturnPairCorr
  0.85PYACX Payden Porate BondPairCorr
  0.91PYAIX Payden Absolute ReturnPairCorr
  0.91PYARX Payden Absolute ReturnPairCorr
  0.95PYCEX Payden Emerging MarketsPairCorr
  0.98PYCHX Payden RegalPairCorr
  0.77PYCBX Payden E BondPairCorr
  0.95PYCIX Payden Emerging MarketsPairCorr
  0.75PYCWX Payden E BondPairCorr
  0.75PYCSX Payden Core BondPairCorr
  0.85PYCTX Payden RygelPairCorr
  1.0PYFIX Payden Floating RatePairCorr
  1.0PYFRX Payden Floating RatePairCorr
  0.96PYEIX Payden Emerging MarketsPairCorr
  0.94PYELX Payden Emerging MarketsPairCorr
  0.95PYEMX Payden Emerging MarketsPairCorr
  0.95PYEWX Payden Emerging MarketsPairCorr
  0.97PYHRX Payden High IncomePairCorr
  0.77PYGFX Payden Global FixedPairCorr
  0.77PYGIX Payden Global FixedPairCorr
  0.89PYGSX Payden Global LowPairCorr
  0.95PYILX Payden Rygel InvestmentPairCorr
  0.97PYLMX Payden Limited MaturityPairCorr
  0.87PYLWX Payden Low DurationPairCorr
  0.96PYLSX Payden Limited MaturityPairCorr
  0.96PYLBX Payden Limited MaturityPairCorr
  0.89PYLDX Payden RygelPairCorr
  0.99PYSFX Payden Securitized IncomePairCorr
  0.92PYSGX Payden Strategic IncomePairCorr
  0.88PYSBX Payden Low DurationPairCorr
  0.92PYSIX Payden Strategic IncomePairCorr
  0.92PYSLX Payden Strategic IncomePairCorr
  0.98PYRLX Payden High IncomePairCorr
  0.75PYUSX Payden GovernmentPairCorr
  0.97PYVAX Payden Equity IncomePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Payden Mutual Fund performing well and Payden Floating Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Payden Floating's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY