Payden Government Fund Market Value
| PYUSX Fund | USD 9.45 0.01 0.11% |
| Symbol | Payden |
Payden Government '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 Government's 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 Government.
| 04/28/2025 |
| 07/27/2025 |
If you would invest 0.00 in Payden Government on April 28, 2025 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 Government over 90 days. Payden Government is related to or competes with Gmo High, Ab Bond, California Municipal, Ab Bond, Bbh Intermediate, Enhanced Fixed, and Intermediate-term. The fund invests 100 percent of its total assets in U.S More
Payden Government 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 Government's 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.
| Downside Deviation | 0.1878 | |||
| Information Ratio | (1.12) | |||
| Maximum Drawdown | 0.7452 | |||
| Value At Risk | (0.21) | |||
| Potential Upside | 0.3212 |
Payden Government Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Payden Government's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Payden Government's standard deviation. In reality, there are many statistical measures that can use Payden Government historical prices to predict the future Payden Government's volatility.| Risk Adjusted Performance | 0.0234 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (1.05) | |||
| Treynor Ratio | 0.1119 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Payden Government's 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
At this stage we consider Payden Mutual Fund to be very steady. Payden Government maintains Sharpe Ratio (i.e., Efficiency) of 0.0581, which implies the entity had a 0.0581 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Payden Government, which you can use to evaluate the volatility of the fund. Please check Payden Government's Semi Deviation of 0.0893, coefficient of variation of 1345.7, and Risk Adjusted Performance of 0.0234 to confirm if the risk estimate we provide is consistent with the expected return of 0.0103%. The fund holds a Beta of 0.0271, which implies not very significant fluctuations relative to the market. As returns on the market increase, Payden Government's returns are expected to increase less than the market. However, during the bear market, the loss of holding Payden Government is expected to be smaller as well.
Auto-correlation | -0.54 |
Good reverse predictability
Payden Government Fund has good reverse predictability. Overlapping area represents the amount of predictability between Payden Government time series from 28th of April 2025 to 12th of June 2025 and 12th of June 2025 to 27th of July 2025. 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 -0.54 indicates that about 54.0% of current Payden Government price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.54 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Payden Government lagged returns against current returns
Autocorrelation, which is Payden Government 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 Government's mutual fund expected returns. We can calculate the autocorrelation of Payden Government returns to help us make a trade decision. For example, suppose you find that Payden Government 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 Government 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 Government mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Payden Government 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 Government mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Payden Government Lagged Returns
When evaluating Payden Government's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Payden Government mutual fund have on its future price. Payden Government 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 Government autocorrelation shows the relationship between Payden Government 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 |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Payden Mutual Fund
Payden Government 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 Government security.
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