Mainstay Servative Allocation Fund Market Value

MCKNX Fund  USD 11.91  0.07  0.58%   
Mainstay Conservative's market value is the price at which a share of Mainstay Conservative trades on a public exchange. It measures the collective expectations of Mainstay Servative Allocation investors about its performance. Mainstay Conservative is trading at 11.91 as of the 2nd of March 2025; that is 0.58 percent down since the beginning of the trading day. The fund's open price was 11.98.
With this module, you can estimate the performance of a buy and hold strategy of Mainstay Servative Allocation and determine expected loss or profit from investing in Mainstay Conservative over a given investment horizon. Check out Mainstay Conservative Correlation, Mainstay Conservative Volatility and Mainstay Conservative Alpha and Beta module to complement your research on Mainstay Conservative.
Symbol

Please note, there is a significant difference between Mainstay Conservative's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mainstay Conservative is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mainstay Conservative's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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.
0.00
01/31/2025
No Change 0.00  0.0 
In 31 days
03/02/2025
0.00
If you would invest  0.00  in Mainstay Conservative on January 31, 2025 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 30 days. Mainstay Conservative is related to or competes with Jpmorgan Diversified, Stone Ridge, American Century, Lord Abbett, Aqr Diversified, and Harbor Diversified. 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.

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.
Hype
Prediction
LowEstimatedHigh
11.4811.9112.34
Details
Intrinsic
Valuation
LowRealHigh
11.5111.9412.37
Details
Naive
Forecast
LowNextHigh
11.5111.9512.38
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
11.8912.0012.11
Details

Mainstay Conservative Backtested Returns

Mainstay Conservative has Sharpe Ratio of -0.11, which conveys that the entity had a -0.11 % return per unit of risk over the last 3 months. Mainstay Conservative exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mainstay Conservative's Risk Adjusted Performance of (0.05), standard deviation of 0.4319, and Mean Deviation of 0.316 to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of 0.31, 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

    
  -0.18  

Insignificant reverse predictability

Mainstay Servative Allocation has insignificant reverse predictability. Overlapping area represents the amount of predictability between Mainstay Conservative time series from 31st of January 2025 to 15th of February 2025 and 15th of February 2025 to 2nd 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 -0.18 indicates that over 18.0% of current Mainstay Conservative price fluctuation can be explain by its past prices.
Correlation Coefficient-0.18
Spearman Rank Test0.15
Residual Average0.0
Price Variance0.0

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  

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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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