Mainstay Pinestone Correlations

Mutual Funds . USA . 
Fund . Mainstay Pinestone Equity
FCUPX Fund   18.97  0.05  0.26%   
The current 90-days correlation between Mainstay Pinestone Equity and Franklin Adjustable Government is -0.05 (i.e., Good diversification). The correlation of Mainstay Pinestone 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 Pinestone Correlation With Market

Very good diversification

The correlation between Mainstay Pinestone Equity and DJI is -0.21 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mainstay Pinestone Equity and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Mainstay Pinestone Equity. 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 american community survey.

Moving together with Mainstay Mutual Fund

  0.73MLACX Mainstay Large CapPairCorr
  0.73MLAAX Mainstay Large CapPairCorr
  0.73MLAIX Mainstay Large CapPairCorr
  0.73MLRMX Mainstay Winslow LargePairCorr
  0.67MMPDX Mainstay Wmc ValuePairCorr
  0.69MMPCX Mainstay Map EquityPairCorr
  0.79MMRAX Mainstay ModeratePairCorr
  0.79MMRCX Mainstay ModeratePairCorr
  0.79MMRIX Mainstay ModeratePairCorr
  0.79MMRSX Mainstay ModeratePairCorr
  0.79MNERX Mainstay Conservative EtfPairCorr
  0.79MNEVX Mainstay Conservative EtfPairCorr
  0.65APSLX Mainstay Fiera SmidPairCorr
  0.79MNEAX Mainstay Conservative EtfPairCorr
  0.65APSDX Mainstay Fiera SmidPairCorr
  0.78MNELX Mainstay Conservative EtfPairCorr
  0.79MNEKX Mainstay Conservative EtfPairCorr
  0.62EPLPX Mainstay Epoch EquityPairCorr
  0.73EPLMX Mainstay Epoch EquityPairCorr
  0.64EPLKX Mainstay Epoch EquityPairCorr
  0.61EPLCX Mainstay Epoch EquityPairCorr
  0.82FCGYX Mainstay Pinestone GlobalPairCorr
  0.61FCICX Mainstay PinestonePairCorr
  0.78MOEAX Mainstay Growth EtfPairCorr
  0.78MOECX Mainstay Growth EtfPairCorr
  0.78MOEIX Mainstay Growth EtfPairCorr
  0.78MOERX Mainstay Growth EtfPairCorr
  0.78MOEVX Mainstay Growth EtfPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Mainstay Mutual Fund performing well and Mainstay Pinestone 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 Pinestone'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY