Mainstay Indexed Bond Fund Market Value
| MIXNX Fund | USD 9.18 0.02 0.22% |
| Symbol | Mainstay |
Mainstay Indexed '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 Indexed'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 Indexed.
| 06/30/2023 |
| 01/20/2025 |
If you would invest 0.00 in Mainstay Indexed on June 30, 2023 and sell it all today you would earn a total of 0.00 from holding Mainstay Indexed Bond or generate 0.0% return on investment in Mainstay Indexed over 570 days. Mainstay Indexed is related to or competes with Rbb Fund, Growth Fund, Rational Strategic, Lord Abbett, Locorr Dynamic, and Nasdaq 100. The investment seeks current income consistent with capital preservation More
Mainstay Indexed 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 Indexed'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 Indexed Bond upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1425 | |||
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 0.5476 | |||
| Value At Risk | (0.11) | |||
| Potential Upside | 0.1099 |
Mainstay Indexed Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mainstay Indexed's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mainstay Indexed's standard deviation. In reality, there are many statistical measures that can use Mainstay Indexed historical prices to predict the future Mainstay Indexed's volatility.| Risk Adjusted Performance | 0.0155 | |||
| Jensen Alpha | 2.0E-4 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | (0.13) | |||
| Treynor Ratio | 0.0328 |
Mainstay Indexed Bond Backtested Returns
At this stage we consider Mainstay Mutual Fund to be very steady. Mainstay Indexed Bond 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. We have found twenty-six technical indicators for Mainstay Indexed, which you can use to evaluate the volatility of the fund. Please verify Mainstay Indexed's Coefficient Of Variation of 888.9, mean deviation of 0.062, and Risk Adjusted Performance of 0.0155 to check out if the risk estimate we provide is consistent with the expected return of 0.0108%. The fund secures a Beta (Market Risk) of 0.0191, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Mainstay Indexed's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mainstay Indexed is expected to be smaller as well.
Auto-correlation | 0.86 |
Very good predictability
Mainstay Indexed Bond has very good predictability. Overlapping area represents the amount of predictability between Mainstay Indexed time series from 30th of June 2023 to 10th of April 2024 and 10th of April 2024 to 20th 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 Indexed Bond price movement. The serial correlation of 0.86 indicates that approximately 86.0% of current Mainstay Indexed price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.86 | |
| Spearman Rank Test | 0.9 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Mainstay Indexed Bond lagged returns against current returns
Autocorrelation, which is Mainstay Indexed 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 Indexed's mutual fund expected returns. We can calculate the autocorrelation of Mainstay Indexed returns to help us make a trade decision. For example, suppose you find that Mainstay Indexed 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 Indexed 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 Indexed mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mainstay Indexed 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 Indexed mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Mainstay Indexed Lagged Returns
When evaluating Mainstay Indexed's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mainstay Indexed mutual fund have on its future price. Mainstay Indexed 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 Indexed autocorrelation shows the relationship between Mainstay Indexed mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Mainstay Indexed Bond.
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 Indexed 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 Indexed security.
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
| Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities |