Payden Regal Correlations

Mutual Funds . USA . 
Fund . The Payden Regal
PYCHX Fund  USD 12.62  0.02  0.16%   
The current 90-days correlation between Payden Regal and Lord Abbett Short is 0.08 (i.e., Significant diversification). The correlation of Payden Regal 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 Regal Correlation With Market

Good diversification

The correlation between The Payden Regal and DJI is -0.2 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Payden Regal 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 The Payden Regal. 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 rate.

Moving together with Payden Mutual Fund

  0.93PYAYX Payden Corporate BondPairCorr
  0.95PYABX Payden Absolute ReturnPairCorr
  0.92PYACX Payden Porate BondPairCorr
  0.96PYAIX Payden Absolute ReturnPairCorr
  0.96PYARX Payden Absolute ReturnPairCorr
  0.98PYCEX Payden Emerging MarketsPairCorr
  0.86PYCBX Payden E BondPairCorr
  0.98PYCIX Payden Emerging MarketsPairCorr
  0.83PYCLX Payden CaliforniaPairCorr
  0.86PYCWX Payden E BondPairCorr
  0.86PYCRX Payden CaliforniaPairCorr
  0.93PYCTX Payden RygelPairCorr
  0.98PYFIX Payden Floating RatePairCorr
  0.99PYEIX Payden Emerging MarketsPairCorr
  0.97PYELX Payden Emerging MarketsPairCorr
  0.99PYEMX Payden Emerging MarketsPairCorr
  0.98PYEWX Payden Emerging MarketsPairCorr
  0.71PYHRX Payden High IncomePairCorr
  0.87PYGFX Payden Global FixedPairCorr
  0.67PYGNX Payden Gnma FundPairCorr
  0.87PYGIX Payden Global FixedPairCorr
  0.94PYGSX Payden Global LowPairCorr
  0.97PYILX Payden Rygel InvestmentPairCorr
  0.96PYLMX Payden Limited MaturityPairCorr
  0.91PYLWX Payden Low DurationPairCorr
  0.95PYLSX Payden Limited MaturityPairCorr
  0.96PYLBX Payden Limited MaturityPairCorr
  0.65PYLDX Payden RygelPairCorr
  0.98PYSFX Payden Securitized IncomePairCorr
  0.62PYSGX Payden Strategic IncomePairCorr
  0.96PYSIX Payden Strategic IncomePairCorr
  1.0PYRLX Payden High IncomePairCorr
  0.8PYUSX Payden GovernmentPairCorr
  0.65PYVAX Payden Equity IncomePairCorr
  0.96PYVLX Payden Equity IncomePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Payden Mutual Fund performing well and Payden Regal 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 Regal'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.

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