Mainstay High Correlations

Mutual Funds . USA . 
Fund . Mainstay High Yield
MMHVX Fund  USD 11.96  0.01  0.08%   
The current 90-days correlation between Mainstay High Yield and Barings Active Short is 0.48 (i.e., Very weak diversification). The correlation of Mainstay High 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 High Correlation With Market

Average diversification

The correlation between Mainstay High Yield and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mainstay High Yield 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 High Yield. 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 real.

Moving together with Mainstay Mutual Fund

  0.99MKINX Mainstay Tax FreePairCorr
  1.0MMHEX Mainstay Mackay HighPairCorr
  0.62MMRDX Mainstay ModeratePairCorr
  0.99MNODX Mainstay Mackay NewPairCorr
  0.99MNOVX Mainstay New YorkPairCorr
  0.64EPSRX Mainstay Epoch GlobalPairCorr
  0.64EPSIX Mainstay Epoch GlobalPairCorr
  0.65MOINX Mainstay Epoch SmallPairCorr
  0.77VCRVX Mainstay Cbre GlobalPairCorr
  0.78VCRQX Mainstay Cbre GlobalPairCorr
  0.95MSCVX Mainstay California TaxPairCorr
  0.63MSMIX Mainstay Map EquityPairCorr
  0.95MSODX Mainstay Mackay CaliPairCorr
  0.67MBERX Mainstay BalancedPairCorr
  0.67MBINX Mainstay BalancedPairCorr
  0.65ICELX Mainstay Epoch InterPairCorr
  0.99MTBDX Mainstay Mackay TaxPairCorr
  0.97MTFEX Mainstay Mackay StrategicPairCorr
  0.97MTFDX Mainstay Mackay StrategicPairCorr
  0.96MTFHX Mainstay Mackay StrategicPairCorr
  0.97MTFFX Mainstay Mackay StrategicPairCorr
  0.77MTINX Mainstay Income BuilderPairCorr
  0.83MTMNX Mainstay Total ReturnPairCorr
  0.76MTODX Mainstay Income BuilderPairCorr
  0.8MTRDX Mainstay Total ReturnPairCorr
  0.69MCINX Mainstay VertiblePairCorr
  0.76MCKNX Mainstay ConservativePairCorr
  0.78MCSSX Mainstay Mon StockPairCorr

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 High 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 High'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