Mainstay Winslow Correlations

Mutual Funds . USA . 
Fund . Mainstay Winslow Large
MLRMX Fund  USD 8.66  0.05  0.58%   
The current 90-days correlation between Mainstay Winslow Large and Us Government Securities is -0.01 (i.e., Good diversification). The correlation of Mainstay Winslow 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 Winslow Correlation With Market

Poor diversification

The correlation between Mainstay Winslow Large and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mainstay Winslow Large 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 Winslow Large. 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 population.

Moving together with Mainstay Mutual Fund

  1.0MLACX Mainstay Large CapPairCorr
  1.0MLAAX Mainstay Large CapPairCorr
  1.0MLAIX Mainstay Large CapPairCorr
  0.83MMRAX Mainstay ModeratePairCorr
  0.83MMRCX Mainstay ModeratePairCorr
  0.83MMRIX Mainstay ModeratePairCorr
  0.83MMRSX Mainstay ModeratePairCorr
  0.83MNERX Mainstay Conservative EtfPairCorr
  0.82MNEVX Mainstay Conservative EtfPairCorr
  0.97APSLX Mainstay Fiera SmidPairCorr
  0.82MNEAX Mainstay Conservative EtfPairCorr
  0.97APSDX Mainstay Fiera SmidPairCorr
  0.8MNELX Mainstay Conservative EtfPairCorr
  0.84MNEKX Mainstay Conservative EtfPairCorr
  0.87FCGYX Mainstay Pinestone GlobalPairCorr
  0.94MOEAX Mainstay Growth EtfPairCorr
  0.94MOECX Mainstay Growth EtfPairCorr
  0.94MOEIX Mainstay Growth EtfPairCorr
  0.94MOERX Mainstay Growth EtfPairCorr
  0.94MOEVX Mainstay Growth EtfPairCorr
  0.86FCUPX Mainstay Pinestone EquityPairCorr

Moving against Mainstay Mutual Fund

  0.54MSDIX Mainstay UnconstrainedPairCorr
  0.51MSICX Mainstay UnconstrainedPairCorr
  0.5MASAX Mainstay UnconstrainedPairCorr
  0.42VCRCX Mainstay Cbre GlobalPairCorr
  0.42VCRAX Voya Cbre GlobalPairCorr
  0.42VCRIX Voya Cbre GlobalPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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

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