Mainstay Cushing Correlations

CSHZX Fund

USD 12.79 0.14 1.08%

The current 90-days correlation between Mainstay Cushing Mlp and Vanguard Ultra Short Term Bond is -0.05 (i.e., Good diversification). The correlation of Mainstay Cushing 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.

Mainstay Cushing Correlation With Market

Weak diversification

The correlation between Mainstay Cushing Mlp and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mainstay Cushing Mlp and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Mainstay Cushing Mlp. 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 nation.

Moving together with Mainstay Mutual Fund

0.67	MMPDX	Mainstay Wmc Value	Pair Corr
0.67	MMPCX	Mainstay Map Equity	Pair Corr

Moving against Mainstay Mutual Fund

0.31	MSCAX	Mainstay California Tax	Pair Corr
0.31	MSCCX	Mainstay California Tax	Pair Corr

Related Correlations Analysis

	VUBFX	CDICX	SUSAX	AOUNX	RSDIX
VUBFX		0.97	0.96	0.98	0.97	VUBFX
CDICX	0.97		0.97	0.98	0.99	CDICX
SUSAX	0.96	0.97		1.0	0.98	SUSAX
AOUNX	0.98	0.98	1.0		0.99	AOUNX
RSDIX	0.97	0.99	0.98	0.99		RSDIX
	VUBFX	CDICX	SUSAX	AOUNX	RSDIX

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Risk-Adjusted Indicators

There is a big difference between Mainstay Mutual Fund performing well and Mainstay Cushing 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 Mainstay Cushing's 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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
VUBFX	0.04	0.01	0.00	(5.37)	0.00	0.10	0.00	0.20
CDICX	0.08	0.01	0.67	0.60	(0.12)	0.26	(0.13)	0.58
SUSAX	0.06	0.01	0.72	1.31	(0.18)	0.10	(0.10)	0.51
AOUNX	0.05	0.01	0.00	1.45	0.00	0.10	(0.10)	0.52
RSDIX	0.09	0.01	0.65	1.07	(0.16)	0.21	(0.10)	0.62

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