Mainstay Funds Competition

MIPXX Fund

USD 1.00 0.00 0.00%

Mainstay Funds competes with Invesco Technology, Dreyfus Technology, Columbia Global, Vanguard Information, and Allianzgi Technology; as well as few others. The fund is not categorized under any group at this time. Analyzing Mainstay Funds competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Mainstay Funds to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Mainstay Funds Correlation with its peers.

You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Mainstay Funds competition on your existing holdings.

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Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mainstay Funds' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.

Hype

Prediction

Low	Estimated	High
1.00	1.00	1.00

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Intrinsic

Valuation

Low	Real	High
1.00	1.00	1.00

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Mainstay Funds Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Mainstay Funds and its competitors represents the degree of relationship between the price movements of corresponding funds. A correlation of about +1.0 implies that the price of Mainstay and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Mainstay Funds does not affect the price movement of the other competitor.

	ITYYX	DTEYX	CMTFX	VITAX	DRGTX	TEFQX	TOWTX
ITYYX		0.84	0.47	0.54	0.39	0.69	0.22	ITYYX
DTEYX	0.84		0.72	0.82	0.67	0.84	0.17	DTEYX
CMTFX	0.47	0.72		0.91	0.97	0.83	0.2	CMTFX
VITAX	0.54	0.82	0.91		0.9	0.92	0.04	VITAX
DRGTX	0.39	0.67	0.97	0.9		0.81	0.13	DRGTX
TEFQX	0.69	0.84	0.83	0.92	0.81		0.11	TEFQX
TOWTX	0.22	0.17	0.2	0.04	0.13	0.11		TOWTX
	ITYYX	DTEYX	CMTFX	VITAX	DRGTX	TEFQX	TOWTX

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Risk-Adjusted Indicators

There is a big difference between Mainstay Money Market Fund performing well and Mainstay Funds Money Market 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 Mainstay Funds' 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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ITYYX	1.18	0.06	0.02	0.12	2.38	(1.05)	2.36	(2.43)	12.95
DTEYX	0.91	0.08	0.05	0.50	1.19	(0.92)	1.60	(2.19)	5.62
CMTFX	0.93	0.08	0.05	0.56	1.29	(0.94)	1.96	(2.47)	5.99
VITAX	0.89	0.15	0.10	0.67	1.18	(0.87)	1.84	(1.78)	6.58
DRGTX	0.96	0.10	0.05	18.84	1.37	(0.94)	1.87	(2.11)	7.49
TEFQX	1.30	0.14	0.07	0.31	1.68	(1.37)	2.92	(2.66)	8.29
TOWTX	0.64	(0.04)	0.00	(0.44)	0.00	0.00	1.12	(1.68)	6.26

Unable to evaluate fundamental data of [ITYYX, DTEYX, CMTFX, VITAX, DRGTX, TEFQX, TOWTX] at this time. Please try again later

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Mainstay Funds Competitive Analysis

The better you understand Mainstay Funds competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Mainstay Funds' competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Mainstay Funds' competition over several years is one of the best ways to analyze its investment potential.

Better Than Average

Worse Than Peers

View Performance Chart

	MIPXX	ITYYX	DTEYX	CMTFX	VITAX	DRGTX	TEFQX	TOWTX
	0.00 1.00 Mainstay	2.36 66.81 Invesco	1.57 78.38 Dreyfus	1.83 93.45 Columbia	1.84 324.04 Vanguard	2.20 92.55 Allianzgi	2.63 3.90 Firsthand	0.79 14.06 Towpath
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Slightly risky	Very steady
Market Performance (90 Days Performance)	Very Weak	Weak	Modest	Modest	OK	OK	Modest	Very Weak
Odds of Financial Distress (Probability Of Bankruptcy)	About Average	Low	Low	Low	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Fairly Valued	Over Valued	Fairly Valued	Fairly Valued	Over Valued	Fairly Valued	Fairly Valued	Fairly Valued
Buy or Sell Advice (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Strong Hold	Strong Buy	Buy	Strong Hold	Strong Buy	Strong Buy	Strong Buy	Strong Hold
Net Asset	296.24 K	1.03 B	352.51 M	1.5 B	24.53 B	2.51 B	80.08 M	4.67 M
Minimum Initial Investment	N/A	1 K	N/A	N/A	N/A	N/A	2 K	2 K
Price To Book	N/A	3.93 X	N/A	4.38 X	4.12 X	4.17 X	4.81 X	N/A
Five Year Return	N/A	15.13 %	16.03 %	20.44 %	21.77 %	20.22 %	(10.42) %	N/A
One Year Return	N/A	35.71 %	27.31 %	33.93 %	30.50 %	38.21 %	(21.19) %	N/A
Price To Earning	N/A	1.57 X	N/A	25.37 X	20.28 X	24.69 X	41.92 X	N/A
Price To Sales	N/A	2.90 X	N/A	3.64 X	2.95 X	3.21 X	2.93 X	N/A
Cash Position Weight	N/A	0.33 %	5.55 %	1.07 %	0.64 %	5.99 %	0.43 %	19.67 %
Equity Positions Weight	N/A	99.67 %	93.90 %	98.93 %	99.36 %	94.01 %	99.57 %	80.33 %
Three Year Return	N/A	6.15 %	2.60 %	10.67 %	11.70 %	8.88 %	(29.84) %	N/A
Annual Yield	0.04 %	N/A	N/A	N/A	0.01 %	N/A	N/A	0.01 %
Year To Date Return	N/A	35.71 %	27.99 %	34.52 %	30.50 %	39.19 %	13.09 %	N/A
Ten Year Return	N/A	14.64 %	15.82 %	19.37 %	18.68 %	18.60 %	16.85 %	N/A
Daily Balance Of Power	0.0	9.2 T	9.2 T	9.2 T	9.2 T	9.2 T	9.2 T	9.2 T
Day Typical Price	1.0	66.81	78.38	93.45	324.04	92.55	3.9	14.06
Period Momentum Indicator	N/A	1.54	1.21	1.68	5.85	1.99	0.1	0.11
Rate Of Daily Change	1.0	1.02	1.02	1.02	1.02	1.02	1.03	1.01
Day Median Price	1.0	66.81	78.38	93.45	324.04	92.55	3.9	14.06
Price Action Indicator	N/A	0.77	0.6	0.84	2.93	0.99	0.05	0.055
Coefficient Of Variation	812.4	2510.04	1282.84	1388.34	744.95	1217.45	1109.51	(2,850)
Mean Deviation	0.0301	1.18	0.9102	0.931	0.8881	0.9636	1.3	0.6381
Jensen Alpha	0.0051	0.0563	0.0788	0.0752	0.1486	0.0998	0.1369	(0.04)
Total Risk Alpha	0.0034	0.0351	0.0631	0.0585	0.1331	0.0795	0.1167	(0.06)
Sortino Ratio	N/A	0.0203	0.0521	0.048	0.0979	0.0524	0.07	N/A
Downside Variance	N/A	6.23	1.73	1.81	2.02	2.79	3.45	N/A
Standard Deviation	0.1243	1.83	1.16	1.21	1.2	1.34	1.69	0.9436
Kurtosis	66.0	11.58	0.6532	0.6895	1.22	1.56	0.6694	6.15
Potential Upside	N/A	2.36	1.6	1.96	1.84	1.87	2.92	1.12
Treynor Ratio	0.2852	0.1164	0.5032	0.5584	0.6651	18.84	0.3143	(0.44)
Maximum Drawdown	1.01	12.95	5.62	5.99	6.58	7.49	8.29	6.26
Variance	0.0155	3.35	1.36	1.46	1.45	1.79	2.86	0.8903
Market Risk Adjusted Performance	0.2952	0.1264	0.5132	0.5684	0.6751	18.85	0.3243	(0.43)
Risk Adjusted Performance	0.0446	0.0379	0.0663	0.0617	0.1122	0.0706	0.0783	(0.03)
Skewness	8.12	(2.48)	(0.80)	(0.67)	(0.65)	(0.71)	(0.45)	(1.75)
Semi Deviation	N/A	2.38	1.19	1.29	1.18	1.37	1.68	N/A
Information Ratio	(0.06)	0.0276	0.0588	0.0535	0.1157	0.0654	0.0769	(0.06)
Value At Risk	N/A	(2.43)	(2.19)	(2.47)	(1.78)	(2.11)	(2.66)	(1.68)
Expected Short fall	N/A	(1.05)	(0.92)	(0.94)	(0.87)	(0.94)	(1.37)	N/A
Downside Deviation	N/A	2.5	1.31	1.34	1.42	1.67	1.86	N/A
Semi Variance	N/A	5.67	1.42	1.65	1.38	1.87	2.83	N/A

Mainstay Funds Competition Performance Charts

Five steps to successful analysis of Mainstay Funds Competition

Mainstay Funds' competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Mainstay Funds in relation to its competition. Mainstay Funds' competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of Mainstay Funds in the market, both direct and indirect, as well as new entrants and disruptive technologies.
Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Mainstay Funds' competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Mainstay Funds, and developing a strategy to address them.
Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.

Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Mainstay Funds position

In addition to having Mainstay Funds in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Electronic Equipment

Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Electronic Equipment theme has 61 constituents at this time.

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Other Information on Investing in Mainstay Money Market Fund

Mainstay Funds financial ratios help investors to determine whether Mainstay Money Market Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Mainstay with respect to the benefits of owning Mainstay Funds security.

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