Mainstay Fiera Smid Fund Market Value
| APSDX Fund | 17.91 0.22 1.21% |
| Symbol | Mainstay |
Mainstay Fiera 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Mainstay Fiera's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Mainstay Fiera.
| 06/20/2024 |
| 12/17/2024 |
If you would invest 0.00 in Mainstay Fiera on June 20, 2024 and sell it all today you would earn a total of 0.00 from holding Mainstay Fiera Smid or generate 0.0% return on investment in Mainstay Fiera over 180 days. Mainstay Fiera is related to or competes with Invesco Technology, Fidelity Advisor, Global Technology, Mfs Technology, and Technology Ultrasector. The Subadvisor seeks to achieve the funds investment objective by investing in a diversified portfolio of common stocks ... More
Mainstay Fiera Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Mainstay Fiera's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Mainstay Fiera Smid upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.16 | |||
| Information Ratio | 0.0358 | |||
| Maximum Drawdown | 7.7 | |||
| Value At Risk | (1.21) | |||
| Potential Upside | 1.69 |
Mainstay Fiera Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mainstay Fiera's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mainstay Fiera's standard deviation. In reality, there are many statistical measures that can use Mainstay Fiera historical prices to predict the future Mainstay Fiera's volatility.| Risk Adjusted Performance | 0.0852 | |||
| Jensen Alpha | 0.0925 | |||
| Total Risk Alpha | (0.0001) | |||
| Sortino Ratio | 0.034 | |||
| Treynor Ratio | 0.3883 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mainstay Fiera's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Mainstay Fiera Smid Backtested Returns
At this stage we consider Mainstay Mutual Fund to be very steady. Mainstay Fiera Smid has Sharpe Ratio of 0.0925, which conveys that the entity had a 0.0925% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Mainstay Fiera, which you can use to evaluate the volatility of the fund. Please verify Mainstay Fiera's Risk Adjusted Performance of 0.0852, downside deviation of 1.16, and Mean Deviation of 0.8028 to check out if the risk estimate we provide is consistent with the expected return of 0.1%. The fund secures a Beta (Market Risk) of 0.3, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Mainstay Fiera's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mainstay Fiera is expected to be smaller as well.
Auto-correlation | -0.17 |
Insignificant reverse predictability
Mainstay Fiera Smid has insignificant reverse predictability. Overlapping area represents the amount of predictability between Mainstay Fiera time series from 20th of June 2024 to 18th of September 2024 and 18th of September 2024 to 17th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Mainstay Fiera Smid price movement. The serial correlation of -0.17 indicates that over 17.0% of current Mainstay Fiera price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.48 |
Mainstay Fiera Smid lagged returns against current returns
Autocorrelation, which is Mainstay Fiera mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Mainstay Fiera's mutual fund expected returns. We can calculate the autocorrelation of Mainstay Fiera returns to help us make a trade decision. For example, suppose you find that Mainstay Fiera has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Mainstay Fiera regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Mainstay Fiera mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mainstay Fiera mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mainstay Fiera mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Mainstay Fiera Lagged Returns
When evaluating Mainstay Fiera's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mainstay Fiera mutual fund have on its future price. Mainstay Fiera autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Mainstay Fiera autocorrelation shows the relationship between Mainstay Fiera mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Mainstay Fiera Smid.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Mainstay Mutual Fund
Mainstay Fiera financial ratios help investors to determine whether Mainstay Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Mainstay with respect to the benefits of owning Mainstay Fiera security.
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