Mainstay Unconstrained Bond Fund Market Value
| MSDIX Fund | USD 8.58 0.01 0.12% |
| Symbol | Mainstay |
Mainstay Unconstrained '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 Unconstrained'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 Unconstrained.
| 12/10/2024 |
| 01/09/2025 |
If you would invest 0.00 in Mainstay Unconstrained on December 10, 2024 and sell it all today you would earn a total of 0.00 from holding Mainstay Unconstrained Bond or generate 0.0% return on investment in Mainstay Unconstrained over 30 days. Mainstay Unconstrained is related to or competes with Qs Moderate, Voya Target, Jp Morgan, Qs Moderate, Moderately Aggressive, Putnam Retirement, and Qs Moderate. The fund normally invests at least 80 percent of its assets in a diversified portfolio of debt or debt-related securitie... More
Mainstay Unconstrained 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 Unconstrained'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 Unconstrained Bond upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 1.05 | |||
| Value At Risk | (0.35) | |||
| Potential Upside | 0.3517 |
Mainstay Unconstrained Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mainstay Unconstrained's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mainstay Unconstrained's standard deviation. In reality, there are many statistical measures that can use Mainstay Unconstrained historical prices to predict the future Mainstay Unconstrained's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.02) | |||
| Treynor Ratio | (5.96) |
Mainstay Unconstrained Backtested Returns
Mainstay Unconstrained has Sharpe Ratio of -0.0241, which conveys that the entity had a -0.0241% return per unit of risk over the last 3 months. Mainstay Unconstrained exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mainstay Unconstrained's Mean Deviation of 0.1631, standard deviation of 0.224, and Risk Adjusted Performance of (0.07) to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of 0.0037, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Mainstay Unconstrained's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mainstay Unconstrained is expected to be smaller as well.
Auto-correlation | -0.24 |
Weak reverse predictability
Mainstay Unconstrained Bond has weak reverse predictability. Overlapping area represents the amount of predictability between Mainstay Unconstrained time series from 10th of December 2024 to 25th of December 2024 and 25th of December 2024 to 9th 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 Unconstrained price movement. The serial correlation of -0.24 indicates that over 24.0% of current Mainstay Unconstrained price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.24 | |
| Spearman Rank Test | -0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Mainstay Unconstrained lagged returns against current returns
Autocorrelation, which is Mainstay Unconstrained 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 Unconstrained's mutual fund expected returns. We can calculate the autocorrelation of Mainstay Unconstrained returns to help us make a trade decision. For example, suppose you find that Mainstay Unconstrained 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 Unconstrained 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 Unconstrained mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mainstay Unconstrained 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 Unconstrained mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Mainstay Unconstrained Lagged Returns
When evaluating Mainstay Unconstrained's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mainstay Unconstrained mutual fund have on its future price. Mainstay Unconstrained 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 Unconstrained autocorrelation shows the relationship between Mainstay Unconstrained mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Mainstay Unconstrained Bond.
Regressed Prices |
| Timeline |
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Other Information on Investing in Mainstay Mutual Fund
Mainstay Unconstrained 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 Unconstrained security.
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