Mainstay Equity Allocation Fund Market Value

MGXSX Fund  USD 15.79  0.29  1.87%   
Mainstay Equity's market value is the price at which a share of Mainstay Equity trades on a public exchange. It measures the collective expectations of Mainstay Equity Allocation investors about its performance. Mainstay Equity is trading at 15.79 as of the 15th of March 2025; that is 1.87 percent up since the beginning of the trading day. The fund's open price was 15.5.
With this module, you can estimate the performance of a buy and hold strategy of Mainstay Equity Allocation and determine expected loss or profit from investing in Mainstay Equity over a given investment horizon. Check out Mainstay Equity Correlation, Mainstay Equity Volatility and Mainstay Equity Alpha and Beta module to complement your research on Mainstay Equity.
Symbol

Please note, there is a significant difference between Mainstay Equity's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mainstay Equity is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mainstay Equity'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 Equity '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 Equity'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 Equity.
0.00
12/15/2024
No Change 0.00  0.0 
In 3 months and 1 day
03/15/2025
0.00
If you would invest  0.00  in Mainstay Equity on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Mainstay Equity Allocation or generate 0.0% return on investment in Mainstay Equity over 90 days. Mainstay Equity is related to or competes with Mainstay Large, Mainstay Large, Mainstay Large, Mainstay Winslow, Mainstay High, Mainstay High, and Mainstay High. The fund is a fund of funds that seeks to achieve its investment objective by investing in mutual funds and ETFs managed... More

Mainstay Equity 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 Equity'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 Equity Allocation upside and downside potential and time the market with a certain degree of confidence.

Mainstay Equity Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Mainstay Equity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mainstay Equity's standard deviation. In reality, there are many statistical measures that can use Mainstay Equity historical prices to predict the future Mainstay Equity's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mainstay Equity'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.
Hype
Prediction
LowEstimatedHigh
14.5815.7917.00
Details
Intrinsic
Valuation
LowRealHigh
14.8016.0117.22
Details

Mainstay Equity Allo Backtested Returns

Mainstay Equity Allo has Sharpe Ratio of -0.16, which conveys that the entity had a -0.16 % return per unit of risk over the last 3 months. Mainstay Equity exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mainstay Equity's Mean Deviation of 0.7667, standard deviation of 1.16, and Risk Adjusted Performance of (0.14) to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of 0.83, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Mainstay Equity's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mainstay Equity is expected to be smaller as well.

Auto-correlation

    
  0.11  

Insignificant predictability

Mainstay Equity Allocation has insignificant predictability. Overlapping area represents the amount of predictability between Mainstay Equity 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 Equity Allo price movement. The serial correlation of 0.11 indicates that less than 11.0% of current Mainstay Equity price fluctuation can be explain by its past prices.
Correlation Coefficient0.11
Spearman Rank Test-0.17
Residual Average0.0
Price Variance0.12

Mainstay Equity Allo lagged returns against current returns

Autocorrelation, which is Mainstay Equity 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 Equity's mutual fund expected returns. We can calculate the autocorrelation of Mainstay Equity returns to help us make a trade decision. For example, suppose you find that Mainstay Equity 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 Equity 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 Equity mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mainstay Equity 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 Equity mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Mainstay Equity Lagged Returns

When evaluating Mainstay Equity's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mainstay Equity mutual fund have on its future price. Mainstay Equity 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 Equity autocorrelation shows the relationship between Mainstay Equity mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Mainstay Equity 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 Equity 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 Equity security.
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