Mainstay Sp 500 Fund Market Value
| MSXAX Fund | USD 60.08 1.26 2.14% |
| Symbol | Mainstay |
Mainstay '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'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.
| 12/14/2024 |
| 03/14/2025 |
If you would invest 0.00 in Mainstay on December 14, 2024 and sell it all today you would earn a total of 0.00 from holding Mainstay Sp 500 or generate 0.0% return on investment in Mainstay over 90 days. Mainstay is related to or competes with Credit Suisse, Intal High, Calamos High, Siit High, Pace High, Gmo High, and Artisan High. The fund normally invests at least 80 percent of its assets in stocks as represented in the Standard Poors 500 Index in ... More
Mainstay 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'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 Sp 500 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0) | |||
| Maximum Drawdown | 4.52 | |||
| Value At Risk | (1.75) | |||
| Potential Upside | 1.11 |
Mainstay Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mainstay's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mainstay's standard deviation. In reality, there are many statistical measures that can use Mainstay historical prices to predict the future Mainstay's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | 0.0174 | |||
| Treynor Ratio | (0.19) |
Mainstay Sp 500 Backtested Returns
Mainstay Sp 500 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. Mainstay exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mainstay's Risk Adjusted Performance of (0.12), mean deviation of 0.7641, and Standard Deviation of 0.9726 to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of 0.79, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Mainstay's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mainstay is expected to be smaller as well.
Auto-correlation | -0.57 |
Good reverse predictability
Mainstay Sp 500 has good reverse predictability. Overlapping area represents the amount of predictability between Mainstay time series from 14th of December 2024 to 28th of January 2025 and 28th of January 2025 to 14th 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 Sp 500 price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current Mainstay price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 1.41 |
Mainstay Sp 500 lagged returns against current returns
Autocorrelation, which is Mainstay 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's mutual fund expected returns. We can calculate the autocorrelation of Mainstay returns to help us make a trade decision. For example, suppose you find that Mainstay 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 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 mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mainstay 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 mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Mainstay Lagged Returns
When evaluating Mainstay's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mainstay mutual fund have on its future price. Mainstay 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 autocorrelation shows the relationship between Mainstay mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Mainstay Sp 500.
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 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 security.
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
| Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences | |
| Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites |