Payden Corporate Total Risk Alpha
| PYAYX Fund | | | 9.79 -0.08 -0.81% |
Technical inputs supporting the Total Risk Alpha indicator for Payden Corporate Bond are shown here. Additional screening context is available through
Equity Screeners. For portfolio construction context, review
Your Equity Center. Diversification context helps frame allocation across holdings. This captures an allocation to Payden Corporate Bond. It is represented within the portfolio holdings. 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 private.
Payden Corporate Bond has current Total Risk Alpha of 0.0039. The total risk alpha measures the performance of an asset by comparing its returns with those of a selected benchmark portfolio.
Total Risk Alpha | = | RFR + (ER[b] - ER[a]) | x | STD[a] / STD[b] |
| = | 0.0039 | |
| ER[a] | = | Expected return on investing in Payden Corporate |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Payden Corporate |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Total Risk Alpha Peers Comparison
Total Risk Alpha Relative To Other Indicators
Payden Corporate Bond is rated
below average in total risk alpha among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
308.87 of Maximum Drawdown per Total Risk Alpha. At
308.87 , Payden Corporate Bond's Maximum Drawdown-to-Total Risk Alpha multiple reflects the spread between these metrics
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare Payden Corporate to Peers
Other Technical Indicators