Mainstay Servative Allocation Fund Market Value
| MCKNX Fund | USD 11.72 0.09 0.77% |
| Symbol | Mainstay |
Mainstay Conservative '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 Conservative'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 Conservative.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Mainstay Conservative on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Mainstay Servative Allocation or generate 0.0% return on investment in Mainstay Conservative over 90 days. Mainstay Conservative is related to or competes with T Rowe, T Rowe, T Rowe, Ashmore Emerging, and Fidelity Small. The fund is a fund of funds that seeks to achieve its investment objective by investing primarily in mutual funds and ET... More
Mainstay Conservative 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 Conservative'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 Servative Allocation upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1092 | |||
| Maximum Drawdown | 1.89 | |||
| Value At Risk | (0.84) | |||
| Potential Upside | 0.5912 |
Mainstay Conservative Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mainstay Conservative's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mainstay Conservative's standard deviation. In reality, there are many statistical measures that can use Mainstay Conservative historical prices to predict the future Mainstay Conservative's volatility.| Risk Adjusted Performance | (0.16) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.02) | |||
| Treynor Ratio | (0.26) |
Mainstay Conservative Backtested Returns
Mainstay Conservative has Sharpe Ratio of -0.13, which conveys that the entity had a -0.13 % return per unit of risk over the last 3 months. Mainstay Conservative exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mainstay Conservative's Mean Deviation of 0.3545, risk adjusted performance of (0.16), and Standard Deviation of 0.4551 to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of 0.35, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Mainstay Conservative's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mainstay Conservative is expected to be smaller as well.
Auto-correlation | -0.22 |
Weak reverse predictability
Mainstay Servative Allocation has weak reverse predictability. Overlapping area represents the amount of predictability between Mainstay Conservative time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th 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 Conservative price movement. The serial correlation of -0.22 indicates that over 22.0% of current Mainstay Conservative price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Mainstay Conservative lagged returns against current returns
Autocorrelation, which is Mainstay Conservative 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 Conservative's mutual fund expected returns. We can calculate the autocorrelation of Mainstay Conservative returns to help us make a trade decision. For example, suppose you find that Mainstay Conservative 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 Conservative 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 Conservative mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mainstay Conservative 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 Conservative mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Mainstay Conservative Lagged Returns
When evaluating Mainstay Conservative's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mainstay Conservative mutual fund have on its future price. Mainstay Conservative 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 Conservative autocorrelation shows the relationship between Mainstay Conservative mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Mainstay Servative Allocation.
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 Conservative 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 Conservative security.
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