PAYDEN EQUITY Correlations

PYVLX Fund

USD 16.89 0.14 0.84%

Current 90-days correlation between Payden Equity Income and T Rowe Price is 0.72 (i.e., Poor diversification).Pairwise correlation with sector peers helps determine whether the stock offers truly differentiated exposure.

Market Correlation Profile: PAYDEN EQUITY

Poor diversification

PAYDEN EQUITY currently posts a 0.69 correlation with Dow Jones, indicating a Poor diversification relationship for the active sample. This chart helps evaluate whether adding Dow Jones genuinely reduces risk relative to holding PAYDEN EQUITY alone.

Review Your Equity Center for context on portfolio diversification. Allocation structure reflects how positions are distributed across the portfolio. Portfolio tools allow users to monitor Payden Equity Income alongside other positions. Portfolio views show how individual holdings contribute to aggregate returns. Broader economic conditions can influence Payden Equity Income's mutual fund valuation — related indicators include signals in board of governors.

Moving together with PAYDEN Mutual Fund

0.92	VVIAX	Vanguard Value Index	Pair Corr
0.78	AWSHX	Washington Mutual	Pair Corr
0.77	WSHCX	Washington Mutual	Pair Corr
0.78	WSHFX	Washington Mutual	Pair Corr
0.78	FWWMX	American Funds Washington	Pair Corr
0.78	FWMMX	American Funds Washington	Pair Corr
0.87	DODGX	Dodge Stock Fund	Pair Corr
0.94	AMRMX	American Mutual	Pair Corr
0.96	AMFFX	American Mutual	Pair Corr
0.95	AMFCX	American Mutual	Pair Corr
0.63	FSELX	Fidelity Select	Pair Corr
0.66	FELIX	Fidelity Advisor	Pair Corr
0.62	FIKGX	Fidelity Advisor	Pair Corr
0.61	JNJ	Johnson Johnson	Pair Corr
0.76	MRK	Merck Company	Pair Corr
0.68	KO	Coca Cola	Pair Corr
0.63	MCD	McDonalds Sell-off Trend	Pair Corr
0.71	WMT	Walmart Common Stock	Pair Corr

Moving against PAYDEN Mutual Fund

0.55	HPQ	HP Inc	Pair Corr
0.52	MSFT	Microsoft	Pair Corr
0.31	IBM	International Business	Pair Corr

Related Correlations Analysis

	EVV	CSSPX	NMZ	NFJ	EEIIX	LVAEX	PRGMX	LTFIX	PSILX	PRISX
EVV		0.14	0.06	0.81	0.69	0.51	0.19	0.9	0.7	0.47	EVV
CSSPX	0.14		0.92	0.48	0.75	0.79	0.94	0.27	0.69	-0.47	CSSPX
NMZ	0.06	0.92		0.5	0.69	0.77	0.88	0.26	0.69	-0.49	NMZ
NFJ	0.81	0.48	0.5		0.91	0.8	0.5	0.89	0.93	0.32	NFJ
EEIIX	0.69	0.75	0.69	0.91		0.88	0.74	0.79	0.97	-0.01	EEIIX
LVAEX	0.51	0.79	0.77	0.8	0.88		0.74	0.63	0.87	0.02	LVAEX
PRGMX	0.19	0.94	0.88	0.5	0.74	0.74		0.35	0.7	-0.41	PRGMX
LTFIX	0.9	0.27	0.26	0.89	0.79	0.63	0.35		0.84	0.43	LTFIX
PSILX	0.7	0.69	0.69	0.93	0.97	0.87	0.7	0.84		0.09	PSILX
PRISX	0.47	-0.47	-0.49	0.32	-0.01	0.02	-0.41	0.43	0.09		PRISX
	EVV	CSSPX	NMZ	NFJ	EEIIX	LVAEX	PRGMX	LTFIX	PSILX	PRISX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

PSILX	+ 0.97	EEIIX
PRGMX	+ 0.94	CSSPX
PSILX	+ 0.93	NFJ
NMZ	+ 0.92	CSSPX
EEIIX	+ 0.91	NFJ
LTFIX	+ 0.9	EVV

High negative correlations

PRISX	- 0.49	NMZ
PRISX	- 0.47	CSSPX
PRISX	- 0.41	PRGMX
PRISX	- 0.01	EEIIX

Risk-Adjusted Indicators

Headline performance for PAYDEN Mutual Fund may not fully reflect how the business compares across its competitive set. Risk-adjusted metrics help compare PAYDEN EQUITY's efficiency and downside exposure against peers on a like-for-like basis. These indicators are quantitative in nature and help investors evaluate volatility and risk-adjusted expected returns across different positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
EVV	0.33	-0.06	0.00	-0.32	0.00	0.00	0.41	-1.05	2.44
CSSPX	0.58	0.05	0.09	0.05	1.00	-0.51	1.00	-1.23	4.58
NMZ	0.39	0.05	0.20	0.57	0.46	-0.42	0.78	-0.86	2.36
NFJ	0.59	0.04	0.00	-0.02	0.00	0.00	1.06	-1.37	4.01
EEIIX	0.41	0.02	0.08	0.00	0.56	-0.51	0.83	-1.13	3.01
LVAEX	0.62	0.05	0.08	0.00	0.76	-0.62	1.23	-1.22	3.68
PRGMX	0.17	0.00	0.22	-0.05	0.20	-0.24	0.37	-0.36	1.46
LTFIX	0.63	0.00	0.00	-0.06	0.00	0.00	1.19	-1.72	3.91
PSILX	0.80	0.06	0.04	-0.01	1.30	-0.74	1.57	-1.71	6.03
PRISX	0.90	-0.06	0.00	-0.12	0.00	0.00	1.22	-1.90	5.86

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