Mainstay Wmc Value Fund Market Value
| MMPDX Fund | USD 32.92 0.15 0.45% |
| Symbol | Mainstay |
Mainstay Wmc '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 Wmc'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 Wmc.
| 12/24/2022 |
| 12/13/2024 |
If you would invest 0.00 in Mainstay Wmc on December 24, 2022 and sell it all today you would earn a total of 0.00 from holding Mainstay Wmc Value or generate 0.0% return on investment in Mainstay Wmc over 720 days. Mainstay Wmc is related to or competes with Blackrock Short, Alpine Ultra, Astor Longshort, Kentucky Tax, Barings Active, Siit Ultra, and Boston Partners. The fund invests in equity securities issued by companies of any size or market capitalization range More
Mainstay Wmc 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 Wmc'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 Wmc Value upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.06 | |||
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 8.36 | |||
| Value At Risk | (0.75) | |||
| Potential Upside | 1.04 |
Mainstay Wmc Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mainstay Wmc's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mainstay Wmc's standard deviation. In reality, there are many statistical measures that can use Mainstay Wmc historical prices to predict the future Mainstay Wmc's volatility.| Risk Adjusted Performance | 0.0032 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | (0.10) | |||
| Treynor Ratio | (0.10) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mainstay Wmc'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 Wmc Value Backtested Returns
Mainstay Wmc Value has Sharpe Ratio of -0.0335, which conveys that the entity had a -0.0335% return per unit of risk over the last 3 months. Mainstay Wmc exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mainstay Wmc's Mean Deviation of 0.5402, downside deviation of 1.06, and Risk Adjusted Performance of 0.0032 to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of 0.0817, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Mainstay Wmc's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mainstay Wmc is expected to be smaller as well.
Auto-correlation | 0.18 |
Very weak predictability
Mainstay Wmc Value has very weak predictability. Overlapping area represents the amount of predictability between Mainstay Wmc time series from 24th of December 2022 to 19th of December 2023 and 19th of December 2023 to 13th 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 Wmc Value price movement. The serial correlation of 0.18 indicates that over 18.0% of current Mainstay Wmc price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 2.88 |
Mainstay Wmc Value lagged returns against current returns
Autocorrelation, which is Mainstay Wmc 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 Wmc's mutual fund expected returns. We can calculate the autocorrelation of Mainstay Wmc returns to help us make a trade decision. For example, suppose you find that Mainstay Wmc 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 Wmc 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 Wmc mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mainstay Wmc 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 Wmc mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Mainstay Wmc Lagged Returns
When evaluating Mainstay Wmc's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mainstay Wmc mutual fund have on its future price. Mainstay Wmc 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 Wmc autocorrelation shows the relationship between Mainstay Wmc mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Mainstay Wmc Value.
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 Wmc 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 Wmc security.
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
| Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators |