The Mainstay Funds Fund Market Value
| MIPXX Fund | USD 1.00 0.00 0.00% |
| Symbol | Mainstay |
Please note, there is a significant difference between Mainstay Funds' value and its price as these two are different measures arrived at by different means. Investors typically determine if Mainstay Funds is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mainstay Funds' 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 Funds '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 Funds' money market 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 Funds.
| 11/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in Mainstay Funds on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding The Mainstay Funds or generate 0.0% return on investment in Mainstay Funds over 60 days. Mainstay Funds is related to or competes with Invesco Technology, Dreyfus Technology, Columbia Global, Vanguard Information, Allianzgi Technology, Firsthand Technology, and Towpath Technology. Mainstay Funds is entity of United States More
Mainstay Funds 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 Funds' money market 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 The Mainstay Funds upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 1.01 |
Mainstay Funds Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mainstay Funds' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mainstay Funds' standard deviation. In reality, there are many statistical measures that can use Mainstay Funds historical prices to predict the future Mainstay Funds' volatility.| Risk Adjusted Performance | 0.0446 | |||
| Jensen Alpha | 0.0051 | |||
| Total Risk Alpha | 0.0034 | |||
| Treynor Ratio | 0.2852 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mainstay Funds' 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 Funds Backtested Returns
We have found sixteen technical indicators for Mainstay Funds, which you can use to evaluate the volatility of the fund. Please verify Mainstay Funds' Market Risk Adjusted Performance of 0.2952, risk adjusted performance of 0.0446, and Standard Deviation of 0.1243 to check out if the risk estimate we provide is consistent with the expected return of 0.0%. The fund secures a Beta (Market Risk) of 0.0186, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Mainstay Funds' returns are expected to increase less than the market. However, during the bear market, the loss of holding Mainstay Funds is expected to be smaller as well.
Auto-correlation | 0.00 |
No correlation between past and present
The Mainstay Funds has no correlation between past and present. Overlapping area represents the amount of predictability between Mainstay Funds time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th of January 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 Funds price movement. The serial correlation of 0.0 indicates that just 0.0% of current Mainstay Funds price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Mainstay Funds lagged returns against current returns
Autocorrelation, which is Mainstay Funds money market 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 Funds' money market fund expected returns. We can calculate the autocorrelation of Mainstay Funds returns to help us make a trade decision. For example, suppose you find that Mainstay Funds has exhibited high autocorrelation historically, and you observe that the money market 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 Funds 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 Funds money market fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mainstay Funds money market fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mainstay Funds money market fund over time.
Current vs Lagged Prices |
| Timeline |
Mainstay Funds Lagged Returns
When evaluating Mainstay Funds' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mainstay Funds money market fund have on its future price. Mainstay Funds 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 Funds autocorrelation shows the relationship between Mainstay Funds money market fund current value and its past values and can show if there is a momentum factor associated with investing in The Mainstay Funds.
Regressed Prices |
| Timeline |
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Other Information on Investing in Mainstay Money Market Fund
Mainstay Funds financial ratios help investors to determine whether Mainstay Money Market 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 Funds security.
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