Payden Absolute Downside Variance
| PYAIX Fund | | | USD 9.25 0.02 0.22% |
The Downside Variance signal for Payden Absolute Return reflects patterns observed in trading data. Availability can differ across markets, exchanges, and instruments. Review
Your Equity Center for context on portfolio diversification. The diversification view provides additional analytical depth. Portfolio analysis tools can evaluate how Payden Absolute Return fits within a broader allocation. Performance attribution breaks down contribution by individual holding. Broader economic conditions can influence Payden Absolute Return's mutual fund valuation — related indicators include
signals in gross domestic product.
Payden Absolute Return has current Downside Variance of 0. Downside Variance (or DV) is measured by target semi-variance and is termed downside volatility. It is expressed in percentages and therefore allows for rankings in the same way as variance. One way to view downside volatility is the annualized variance of returns below the target.
Downside Variance | = | SUM(RET DEV)2N(ER) |
| = | 0 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N(ER) | = | Number of points with returns less than expected return for the period |
Downside Variance Peers Comparison
Downside Variance Relative To Other Indicators
Payden Absolute Return is rated
below average in downside variance among similar funds. It is currently under evaluation in maximum drawdown among similar funds .
Downside Variance is the probability-weighted squared below-target returns. The squaring of the below-target returns has the effect of penalizing failures at an exponential rate. This is consistent with observations made on the behavior of individual decision-making under.
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