Payden Us Correlations

Mutual Funds . USA . 
Fund . Payden Government Fund
PYUSX Fund  USD 9.46  0.01  0.11%   
The current 90-days correlation between Payden Government and Siit Small Cap is -0.12 (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 -0.04 (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

  0.95PYCSX Payden Core BondPairCorr
  0.92PYCTX Payden RygelPairCorr
  0.8PYHRX Payden High IncomePairCorr
  0.78PYGFX Payden Global FixedPairCorr
  0.96PYLWX Payden Low DurationPairCorr
  0.95PYLDX Payden RygelPairCorr
  0.9PYSGX Payden Strategic IncomePairCorr
  0.8PYRLX Payden High IncomePairCorr
  0.7PYVAX Payden Equity IncomePairCorr
  0.88PKCRX Payden/kravitz CashPairCorr
  0.96EASDX Eaton Vance ShortPairCorr
  0.77VFIRX Vanguard Short TermPairCorr
  0.77VFISX Vanguard Short TermPairCorr
  0.77VSGBX Vanguard Short TermPairCorr
  0.71VSBIX Vanguard Short TermPairCorr
  0.78VSGDX Vanguard Short TermPairCorr
  0.79FUMBX Fidelity Short TermPairCorr
  0.97ECLDX Eaton Vance ShortPairCorr
  0.97EALDX Eaton Vance ShortPairCorr
  0.96EILDX Eaton Vance ShortPairCorr
  0.74GAAKX Gmo Alternative AlloPairCorr
  0.74GAAGX Gmo Alternative AlloPairCorr
  0.77GPBFX Gmo E PlusPairCorr
  0.82STMUX Invesco Short TermPairCorr
  0.79BGHSX Brandywineglobal HighPairCorr
  0.81KAMCX Kensington Managed IncomePairCorr
  0.72GPPSX Goldman Sachs ShortPairCorr
  0.69NPSFX Nuveen Preferred SecPairCorr
  0.76CHY Calamos Convertible AndPairCorr
  0.62DPRRX Delaware ReitPairCorr

Related Correlations Analysis

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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.

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