Mainstay Correlations

MSPIX Fund

USD 63.81 0.11 0.17%

The current 90-days correlation between Mainstay Sp 500 and Dimensional Retirement Income is 0.68 (i.e., Poor diversification). The correlation of Mainstay 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 Correlation With Market

Very weak diversification

The correlation between Mainstay Sp 500 and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mainstay Sp 500 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 Sp 500. 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 gross domestic product.

Moving together with Mainstay Mutual Fund

0.78	MLACX	Mainstay Large Cap	Pair Corr
0.86	MLAAX	Mainstay Large Cap	Pair Corr
0.89	MLAIX	Mainstay Large Cap	Pair Corr
0.85	MLRMX	Mainstay Winslow Large	Pair Corr
0.83	MMPDX	Mainstay Wmc Value	Pair Corr
0.85	MMPCX	Mainstay Map Equity	Pair Corr
0.75	MMRAX	Mainstay Moderate	Pair Corr
0.74	MMRCX	Mainstay Moderate	Pair Corr
0.75	MMRIX	Mainstay Moderate	Pair Corr
0.75	MMRSX	Mainstay Moderate	Pair Corr
0.75	MNERX	Mainstay Conservative Etf	Pair Corr
0.87	MNEVX	Mainstay Conservative Etf	Pair Corr
0.87	APSLX	Mainstay Fiera Smid	Pair Corr
0.75	MNEAX	Mainstay Conservative Etf	Pair Corr
0.88	APSDX	Mainstay Fiera Smid	Pair Corr
0.75	MNELX	Mainstay Conservative Etf	Pair Corr
0.75	MNEKX	Mainstay Conservative Etf	Pair Corr
0.85	EPLPX	Mainstay Epoch Equity	Pair Corr
0.85	EPLMX	Mainstay Epoch Equity	Pair Corr
0.81	EPLKX	Mainstay Epoch Equity	Pair Corr
0.85	EPLCX	Mainstay Epoch Equity	Pair Corr
0.95	FCGYX	Mainstay Pinestone Global	Pair Corr
0.83	EPSYX	Mainstay Epoch Global	Pair Corr
0.82	EPSPX	Mainstay Epoch Global	Pair Corr
0.82	EPSKX	Mainstay Epoch Global	Pair Corr
0.88	MOEAX	Mainstay Growth Etf	Pair Corr

Related Correlations Analysis

	TDIFX	MRMAX	HBAIX	RMLCX	BIMPX	MXDPX	QCGLRX
TDIFX		0.7	0.92	0.89	0.85	0.86	0.76	TDIFX
MRMAX	0.7		0.73	0.88	0.83	0.92	0.69	MRMAX
HBAIX	0.92	0.73		0.94	0.89	0.89	0.86	HBAIX
RMLCX	0.89	0.88	0.94		0.85	0.93	0.74	RMLCX
BIMPX	0.85	0.83	0.89	0.85		0.93	0.94	BIMPX
MXDPX	0.86	0.92	0.89	0.93	0.93		0.84	MXDPX
QCGLRX	0.76	0.69	0.86	0.74	0.94	0.84		QCGLRX
	TDIFX	MRMAX	HBAIX	RMLCX	BIMPX	MXDPX	QCGLRX

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Risk-Adjusted Indicators

There is a big difference between Mainstay Mutual Fund performing well and Mainstay 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'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
TDIFX	0.15	0.03	0.27	0.11	0.13	(0.20)	0.35	(0.26)	1.30
MRMAX	0.29	(0.01)	0.09	0.00	0.53	(0.31)	0.66	(0.54)	3.18
HBAIX	0.38	0.03	0.10	0.01	0.57	(0.36)	0.76	(0.90)	2.53
RMLCX	0.31	0.02	0.11	0.00	0.46	(0.32)	0.66	(0.55)	2.40
BIMPX	0.32	0.00	0.12	(0.05)	0.43	(0.36)	0.69	(0.62)	2.39
MXDPX	0.25	(0.01)	0.12	0.05	0.33	(0.36)	0.63	(0.49)	2.33
QCGLRX	0.61	0.00	0.08	(0.06)	0.94	(0.55)	1.06	(1.49)	3.68

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Mainstay Correlations

Mainstay Correlation With Market

Very weak diversification

Moving together with Mainstay Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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