MainStay CBRE Correlations

MEGI Stock

USD 13.18 0.08 0.60%

The current 90-days correlation between MainStay CBRE Global and PGIM Short Duration is 0.42 (i.e., Very weak diversification). The correlation of MainStay CBRE 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.

MainStay CBRE Correlation With Market

Modest diversification

The correlation between MainStay CBRE Global and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MainStay CBRE Global and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MainStay CBRE Global. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with MainStay Stock

0.83	DB	Deutsche Bank AG	Pair Corr
0.75	DX	Dynex Capital	Pair Corr
0.73	LU	Lufax Holding	Pair Corr
0.8	LX	Lexinfintech Holdings	Pair Corr
0.66	XP	Xp Inc	Pair Corr
0.63	DMYY	dMY Squared Technology	Pair Corr
0.74	DYCQ	DT Cloud Acquisition	Pair Corr

Moving against MainStay Stock

0.66	WT	WisdomTree	Pair Corr
0.64	RC	Ready Capital Corp	Pair Corr
0.63	LC	LendingClub Corp	Pair Corr
0.54	MC	Moelis	Pair Corr
0.52	BX	Blackstone Group	Pair Corr
0.45	WD	Walker Dunlop	Pair Corr
0.44	CG	Carlyle Group	Pair Corr
0.41	PX	P10 Inc	Pair Corr
0.37	DHIL	Diamond Hill Investment	Pair Corr
0.35	SF	Stifel Financial	Pair Corr
0.34	RM	Regional Management Corp	Pair Corr
0.33	BN	Brookfield Corp	Pair Corr
0.65	VRTS	Virtus Investment	Pair Corr
0.57	ECPG	Encore Capital Group	Pair Corr
0.53	LGHLW	Lion Financial Group	Pair Corr
0.52	EARN	Ellington Residential	Pair Corr
0.34	VCTR	Victory Capital Holdings	Pair Corr

Related Correlations Analysis

	ARDC	SDHY	TEAF	AOD	MHD	MVT	MQT	MVF	MUI
ARDC		-0.03	0.75	0.06	0.35	0.14	-0.01	0.28	0.18	ARDC
SDHY	-0.03		0.38	0.92	0.71	0.87	0.81	0.8	-0.65	SDHY
TEAF	0.75	0.38		0.43	0.65	0.5	0.36	0.6	-0.05	TEAF
AOD	0.06	0.92	0.43		0.67	0.8	0.73	0.76	-0.6	AOD
MHD	0.35	0.71	0.65	0.67		0.9	0.88	0.9	-0.58	MHD
MVT	0.14	0.87	0.5	0.8	0.9		0.91	0.94	-0.58	MVT
MQT	-0.01	0.81	0.36	0.73	0.88	0.91		0.82	-0.75	MQT
MVF	0.28	0.8	0.6	0.76	0.9	0.94	0.82		-0.47	MVF
MUI	0.18	-0.65	-0.05	-0.6	-0.58	-0.58	-0.75	-0.47		MUI
	ARDC	SDHY	TEAF	AOD	MHD	MVT	MQT	MVF	MUI

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

MVF	+ 0.94	MVT
AOD	+ 0.92	SDHY
MQT	+ 0.91	MVT
MVT	+ 0.9	MHD
MVF	+ 0.9	MHD
MQT	+ 0.88	MHD

High negative correlations

MUI	- 0.75	MQT
MUI	- 0.65	SDHY
MUI	- 0.6	AOD
MUI	- 0.58	MVT
MUI	- 0.58	MHD
MUI	- 0.47	MVF

Risk-Adjusted Indicators

There is a big difference between MainStay Stock performing well and MainStay CBRE Company 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 CBRE'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	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ARDC	0.54	(0.07)	0.00	(0.33)	0.00	0.00	0.80	(1.25)	4.18
SDHY	0.31	0.05	0.21	0.15	0.37	(0.34)	0.61	(0.75)	1.66
TEAF	0.48	(0.05)	0.00	(0.19)	0.00	0.00	0.83	(1.33)	3.23
AOD	0.73	0.10	0.13	0.08	0.84	(0.79)	1.36	(1.49)	4.19
MHD	0.50	(0.03)	0.00	(0.32)	0.00	0.00	0.94	(1.03)	2.80
MVT	0.51	0.03	0.11	0.05	0.62	(0.62)	0.95	(1.22)	3.47
MQT	0.49	(0.01)	0.00	(0.11)	0.00	0.00	1.10	(0.92)	3.03
MVF	0.49	0.01	0.10	0.01	0.63	(0.54)	1.12	(0.99)	3.98
MUI	0.46	(0.03)	0.00	(0.30)	0.00	0.00	0.73	(1.40)	3.95

MainStay CBRE Corporate Management

Richard Trutanic	Independent Trustee	Profile
Jack Benintende	Treasurer, Principal Financial and Accounting Officer	Profile
Jacques Perold	Independent Trustee	Profile
Richard Nolan	Independent Trustee	Profile
Kevin Bopp	Chief Compliance Officer, Vice President	Profile
David Chow	Independent Trustee	Profile
Susan Kerley	Independent Trustee	Profile

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