Mainstay Common Correlations
| MOPBX Fund | USD 34.97 0.00 0.00% |
The current 90-days correlation between Mainstay Mon Stock and T Rowe Price is 0.15 (i.e., Average diversification). The correlation of Mainstay Common 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 Common Correlation With Market
Significant diversification
The correlation between Mainstay Mon Stock and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mainstay Mon Stock and DJI in the same portfolio, assuming nothing else is changed.
Mainstay |
Moving together with Mainstay Mutual Fund
| 0.74 | MKTBX | Mainstay Tax Free | PairCorr |
| 0.88 | MKTRX | Mainstay Income Builder | PairCorr |
| 0.68 | MLABX | Mainstay Large Cap | PairCorr |
| 0.7 | MMHAX | Mainstay High Yield | PairCorr |
| 0.62 | MMHDX | Mainstay High Yield | PairCorr |
| 0.77 | MMRAX | Mainstay Moderate | PairCorr |
| 0.77 | MMRCX | Mainstay Moderate | PairCorr |
| 0.81 | MMRBX | Mainstay Moderate | PairCorr |
| 0.72 | MMRIX | Mainstay Moderate | PairCorr |
| 0.77 | MMRSX | Mainstay Moderate | PairCorr |
| 0.66 | MNOCX | Mainstay New York | PairCorr |
| 0.73 | MNOAX | Mainstay New York | PairCorr |
| 0.73 | MNOIX | Mainstay New York | PairCorr |
| 0.75 | MNOLX | Mainstay Mackay New | PairCorr |
| 0.85 | EPLBX | Mainstay Epoch Equity | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Mainstay Mutual Fund performing well and Mainstay Common 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 Common'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PAGLX | 0.62 | (0.04) | 0.00 | 0.21 | 0.00 | 1.04 | 4.08 | |||
| MSSGX | 1.56 | (0.17) | 0.00 | 0.72 | 0.00 | 3.29 | 10.50 | |||
| HNCAX | 0.73 | 0.06 | 0.16 | (0.42) | 0.92 | 1.46 | 4.55 | |||
| HGOIX | 1.13 | (0.08) | 0.00 | 0.19 | 0.00 | 1.99 | 6.39 | |||
| CIGYX | 0.64 | 0.08 | 0.15 | 0.13 | 0.78 | 1.29 | 3.73 | |||
| TAAKX | 0.63 | (0.09) | 0.00 | 0.40 | 0.00 | 1.01 | 5.92 | |||
| LGLSX | 1.34 | (0.02) | 0.00 | (0.12) | 0.00 | 2.37 | 8.44 |
Mainstay Common Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Mainstay Common mutual fund to make a market-neutral strategy. Peer analysis of Mainstay Common could also be used in its relative valuation, which is a method of valuing Mainstay Common by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |