Payden Us Correlations

PYUSX Fund

USD 9.49 0.01 0.11%

The current 90-days correlation between Payden Government and Delaware Healthcare Fund is -0.17 (i.e., Good diversification). The correlation of Payden Us 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 Us Correlation With Market

Good diversification

The correlation between Payden Government Fund and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Payden Government Fund 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 Government Fund. 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 state.

Moving together with Payden Mutual Fund

0.71	PYABX	Payden Absolute Return	Pair Corr
0.69	PYAIX	Payden Absolute Return	Pair Corr
0.64	PYARX	Payden Absolute Return	Pair Corr
0.66	PYELX	Payden Emerging Markets	Pair Corr
0.8	PYGNX	Payden Gnma Fund	Pair Corr
0.97	PYGSX	Payden Global Low	Pair Corr
0.71	PYILX	Payden Rygel Investment	Pair Corr
0.91	PYLMX	Payden Limited Maturity	Pair Corr
0.89	PYLSX	Payden Limited Maturity	Pair Corr
0.96	PYLDX	Payden Rygel	Pair Corr
0.96	PYSBX	Payden Low Duration	Pair Corr
0.9	EASDX	Eaton Vance Short	Pair Corr
0.97	VFIRX	Vanguard Short Term	Pair Corr

Moving against Payden Mutual Fund

0.65	PYFRX	Payden Floating Rate	Pair Corr
0.64	PYFIX	Payden Floating Rate	Pair Corr
0.62	PYBLX	Payden Floating Rate	Pair Corr
0.61	PYCHX	Payden Regal	Pair Corr
0.6	PYHRX	Payden High Income	Pair Corr
0.86	PYVAX	Payden Equity Income	Pair Corr
0.86	PYVLX	Payden Equity Income	Pair Corr
0.86	PYVSX	Payden Equity Income	Pair Corr
0.61	PYRLX	Payden High Income	Pair Corr

Related Correlations Analysis

	DLHIX	HCPIX	HHCZX	GTHCX	BHSRX	ETAHX	HGHYX
DLHIX		0.95	0.7	0.87	0.97	0.91	0.88	DLHIX
HCPIX	0.95		0.64	0.86	0.97	0.83	0.9	HCPIX
HHCZX	0.7	0.64		0.81	0.78	0.89	0.78	HHCZX
GTHCX	0.87	0.86	0.81		0.92	0.9	0.98	GTHCX
BHSRX	0.97	0.97	0.78	0.92		0.93	0.94	BHSRX
ETAHX	0.91	0.83	0.89	0.9	0.93		0.9	ETAHX
HGHYX	0.88	0.9	0.78	0.98	0.94	0.9		HGHYX
	DLHIX	HCPIX	HHCZX	GTHCX	BHSRX	ETAHX	HGHYX

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 Us 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 Us' 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.

	Mean Deviation	Jensen Alpha	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
DLHIX	0.91	0.05	(0.07)	1.78	(1.72)	7.50
HCPIX	1.29	0.02	(0.12)	1.88	(2.64)	10.60
HHCZX	0.24	(0.01)	(0.18)	0.43	(0.43)	1.99
GTHCX	0.91	(0.07)	0.45	1.54	(2.34)	7.55
BHSRX	0.86	0.00	(0.14)	1.38	(1.72)	7.42
ETAHX	1.59	(0.02)	(0.16)	2.41	(3.54)	11.31
HGHYX	0.93	(0.11)	1.07	1.64	(2.25)	7.31

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

2024 Macroaxis LLC