Mainstay Cushing Mlp Fund Market Value
| CSHZX Fund | USD 12.51 0.31 2.54% |
| Symbol | MAINSTAY |
Mainstay Cushing '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 Cushing'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 Cushing.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Mainstay Cushing on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Mainstay Cushing Mlp or generate 0.0% return on investment in Mainstay Cushing over 90 days. Mainstay Cushing is related to or competes with Fidelity Managed, Wealthbuilder Moderate, Cornerstone Moderately, American Funds, Jp Morgan, and Dimensional Retirement. The fund, under normal market conditions, invests at least 80 percent of its assets in a portfolio of master limited par... More
Mainstay Cushing 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 Cushing'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 Cushing Mlp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0663 | |||
| Maximum Drawdown | 7.36 | |||
| Value At Risk | (2.45) | |||
| Potential Upside | 1.89 |
Mainstay Cushing Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mainstay Cushing's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mainstay Cushing's standard deviation. In reality, there are many statistical measures that can use Mainstay Cushing historical prices to predict the future Mainstay Cushing's volatility.| Risk Adjusted Performance | 2.0E-4 | |||
| Jensen Alpha | 0.0477 | |||
| Total Risk Alpha | 0.16 | |||
| Treynor Ratio | (0.03) |
Mainstay Cushing Mlp Backtested Returns
At this stage we consider MAINSTAY Mutual Fund to be not too volatile. Mainstay Cushing Mlp has Sharpe Ratio of 0.0492, which conveys that the entity had a 0.0492 % return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Mainstay Cushing, which you can use to evaluate the volatility of the fund. Please verify Mainstay Cushing's Mean Deviation of 1.08, risk adjusted performance of 2.0E-4, and Standard Deviation of 1.4 to check out if the risk estimate we provide is consistent with the expected return of 0.0696%. The fund secures a Beta (Market Risk) of 0.58, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Mainstay Cushing's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mainstay Cushing is expected to be smaller as well.
Auto-correlation | -0.63 |
Very good reverse predictability
Mainstay Cushing Mlp has very good reverse predictability. Overlapping area represents the amount of predictability between Mainstay Cushing time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 2025. 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 Cushing Mlp price movement. The serial correlation of -0.63 indicates that roughly 63.0% of current Mainstay Cushing price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.63 | |
| Spearman Rank Test | -0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Mainstay Cushing Mlp lagged returns against current returns
Autocorrelation, which is Mainstay Cushing 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 Cushing's mutual fund expected returns. We can calculate the autocorrelation of Mainstay Cushing returns to help us make a trade decision. For example, suppose you find that Mainstay Cushing 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 Cushing 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 Cushing mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mainstay Cushing 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 Cushing mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Mainstay Cushing Lagged Returns
When evaluating Mainstay Cushing's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mainstay Cushing mutual fund have on its future price. Mainstay Cushing 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 Cushing autocorrelation shows the relationship between Mainstay Cushing mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Mainstay Cushing Mlp.
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 Cushing 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 Cushing security.
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