Mainstay Large Cap Fund Market Value
| MLAIX Fund | USD 11.67 0.28 2.34% |
| Symbol | Mainstay |
Mainstay Large '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 Large'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 Large.
| 01/31/2025 |
| 03/02/2025 |
If you would invest 0.00 in Mainstay Large on January 31, 2025 and sell it all today you would earn a total of 0.00 from holding Mainstay Large Cap or generate 0.0% return on investment in Mainstay Large over 30 days. Mainstay Large is related to or competes with Rbc Short, Delaware Investments, Siit Ultra, Seix Us, Metropolitan West, Touchstone Ultra, and Calvert Short. The fund invests at least 80 percent of its assets in large capitalization companies, which are companies having a marke... More
Mainstay Large 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 Large'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 Large Cap upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 16.75 | |||
| Value At Risk | (2.34) | |||
| Potential Upside | 1.55 |
Mainstay Large Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mainstay Large's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mainstay Large's standard deviation. In reality, there are many statistical measures that can use Mainstay Large historical prices to predict the future Mainstay Large's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | (0.36) |
Mainstay Large Cap Backtested Returns
Mainstay Large Cap has Sharpe Ratio of -0.13, which conveys that the entity had a -0.13 % return per unit of risk over the last 3 months. Mainstay Large exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mainstay Large's Risk Adjusted Performance of (0.08), standard deviation of 2.2, and Mean Deviation of 1.13 to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of 0.71, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Mainstay Large's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mainstay Large is expected to be smaller as well.
Auto-correlation | -0.72 |
Almost perfect reverse predictability
Mainstay Large Cap has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Mainstay Large 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 Large Cap price movement. The serial correlation of -0.72 indicates that around 72.0% of current Mainstay Large price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.72 | |
| Spearman Rank Test | -0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Mainstay Large Cap lagged returns against current returns
Autocorrelation, which is Mainstay Large 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 Large's mutual fund expected returns. We can calculate the autocorrelation of Mainstay Large returns to help us make a trade decision. For example, suppose you find that Mainstay Large 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 Large 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 Large mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mainstay Large 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 Large mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Mainstay Large Lagged Returns
When evaluating Mainstay Large's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mainstay Large mutual fund have on its future price. Mainstay Large 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 Large autocorrelation shows the relationship between Mainstay Large mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Mainstay Large Cap.
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 Large 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 Large security.
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Fundamental Analysis View fundamental data based on most recent published financial statements |