Mainstay 13030 International Fund Market Value
| MYIIX Fund | USD 7.88 0.05 0.63% |
| Symbol | Mainstay |
Mainstay 13030 '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 13030'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 13030.
| 11/16/2024 |
| 12/16/2024 |
If you would invest 0.00 in Mainstay 13030 on November 16, 2024 and sell it all today you would earn a total of 0.00 from holding Mainstay 13030 International or generate 0.0% return on investment in Mainstay 13030 over 30 days. Mainstay 13030 is related to or competes with Mainstay High, Mainstay Tax, Mainstay Income, Mainstay Large, Mainstay Large, Mainstay Large, and Mainstay Large. Under normal circumstances, the fund invests at least 80 percent of its assets in equity securities of foreign companies... More
Mainstay 13030 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 13030'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 13030 International upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7234 | |||
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 3.63 | |||
| Value At Risk | (1.26) | |||
| Potential Upside | 0.984 |
Mainstay 13030 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mainstay 13030's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mainstay 13030's standard deviation. In reality, there are many statistical measures that can use Mainstay 13030 historical prices to predict the future Mainstay 13030's volatility.| Risk Adjusted Performance | 0.0025 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.1) | |||
| Sortino Ratio | (0.13) | |||
| Treynor Ratio | (0.04) |
Mainstay 13030 Inter Backtested Returns
Mainstay 13030 Inter has Sharpe Ratio of -0.01, which conveys that the entity had a -0.01% return per unit of risk over the last 3 months. Mainstay 13030 exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mainstay 13030's Mean Deviation of 0.5556, downside deviation of 0.7234, and Risk Adjusted Performance of 0.0025 to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of 0.19, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Mainstay 13030's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mainstay 13030 is expected to be smaller as well.
Auto-correlation | -0.31 |
Poor reverse predictability
Mainstay 13030 International has poor reverse predictability. Overlapping area represents the amount of predictability between Mainstay 13030 time series from 16th of November 2024 to 1st of December 2024 and 1st of December 2024 to 16th 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 13030 Inter price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current Mainstay 13030 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Mainstay 13030 Inter lagged returns against current returns
Autocorrelation, which is Mainstay 13030 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 13030's mutual fund expected returns. We can calculate the autocorrelation of Mainstay 13030 returns to help us make a trade decision. For example, suppose you find that Mainstay 13030 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 13030 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 13030 mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mainstay 13030 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 13030 mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Mainstay 13030 Lagged Returns
When evaluating Mainstay 13030's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mainstay 13030 mutual fund have on its future price. Mainstay 13030 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 13030 autocorrelation shows the relationship between Mainstay 13030 mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Mainstay 13030 International.
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 13030 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 13030 security.
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