Mainstay Mon Stock Fund Market Value
| MCSSX Fund | USD 41.14 0.40 0.96% |
| Symbol | Mainstay |
Mainstay Common '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 Common'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 Common.
| 09/06/2024 |
| 12/05/2024 |
If you would invest 0.00 in Mainstay Common on September 6, 2024 and sell it all today you would earn a total of 0.00 from holding Mainstay Mon Stock or generate 0.0% return on investment in Mainstay Common over 90 days. Mainstay Common is related to or competes with Angel Oak, Touchstone Ultra, Ashmore Emerging, Quantitative, Jhancock Short, and Aqr Sustainable. Under normal circumstances, the fund invests at least 80 percent of its assets in common stocks More
Mainstay Common 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 Common'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 Mon Stock upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6672 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 4.01 | |||
| Value At Risk | (1.01) | |||
| Potential Upside | 1.3 |
Mainstay Common Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mainstay Common's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mainstay Common's standard deviation. In reality, there are many statistical measures that can use Mainstay Common historical prices to predict the future Mainstay Common's volatility.| Risk Adjusted Performance | 0.0918 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.0942 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mainstay Common'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 Mon Stock Backtested Returns
At this stage we consider Mainstay Mutual Fund to be very steady. Mainstay Mon Stock has Sharpe Ratio of 0.17, which conveys that the entity had a 0.17% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Mainstay Common, which you can use to evaluate the volatility of the fund. Please verify Mainstay Common's Risk Adjusted Performance of 0.0918, mean deviation of 0.6119, and Downside Deviation of 0.6672 to check out if the risk estimate we provide is consistent with the expected return of 0.13%. The fund secures a Beta (Market Risk) of 0.93, which conveys possible diversification benefits within a given portfolio. Mainstay Common returns are very sensitive to returns on the market. As the market goes up or down, Mainstay Common is expected to follow.
Auto-correlation | 0.63 |
Good predictability
Mainstay Mon Stock has good predictability. Overlapping area represents the amount of predictability between Mainstay Common time series from 6th of September 2024 to 21st of October 2024 and 21st of October 2024 to 5th 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 Mon Stock price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current Mainstay Common price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.63 | |
| Spearman Rank Test | 0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 1.09 |
Mainstay Mon Stock lagged returns against current returns
Autocorrelation, which is Mainstay Common 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 Common's mutual fund expected returns. We can calculate the autocorrelation of Mainstay Common returns to help us make a trade decision. For example, suppose you find that Mainstay Common 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 Common 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 Common mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mainstay Common 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 Common mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Mainstay Common Lagged Returns
When evaluating Mainstay Common's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mainstay Common mutual fund have on its future price. Mainstay Common 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 Common autocorrelation shows the relationship between Mainstay Common mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Mainstay Mon Stock.
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.| IBTA | Ibotta, | |
| DTST | Data Storage Corp | |
| ESRT | Empire State Realty |
Other Information on Investing in Mainstay Mutual Fund
Mainstay Common 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 Common security.
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume |