Mainstay Candriam Competition

MCYCX Fund

USD 9.96 0.02 0.20%

Mainstay Candriam competes with Mainstay Tax, Mainstay Large, Mainstay Large, Mainstay Large, and Mainstay Large; as well as few others. The fund is listed under Diversified Emerging Mkts category and is part of MainStay family. Analyzing Mainstay Candriam competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Mainstay Candriam to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Mainstay Candriam Correlation with its peers.

You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Mainstay Candriam competition on your existing holdings.

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Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mainstay Candriam'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.

Hype

Prediction

Low	Estimated	High
9.27	9.96	10.65

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Intrinsic

Valuation

Low	Real	High
9.32	10.01	10.70

Details

Mainstay Candriam Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Mainstay Candriam and its competitors represents the degree of relationship between the price movements of corresponding funds. A correlation of about +1.0 implies that the price of Mainstay and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Mainstay Candriam does not affect the price movement of the other competitor.

	MKINX	MLGRX	MLINX	MLRTX	MLRSX	MLRRX	MMHEX	MMHVX	MMRDX	MNODX
MKINX		0.07	0.08	0.17	0.13	0.11	0.92	0.96	0.61	0.93	MKINX
MLGRX	0.07		1.0	0.95	0.99	1.0	0.05	0.31	0.57	0.13	MLGRX
MLINX	0.08	1.0		0.95	1.0	1.0	0.07	0.33	0.58	0.15	MLINX
MLRTX	0.17	0.95	0.95		0.94	0.95	0.15	0.4	0.61	0.23	MLRTX
MLRSX	0.13	0.99	1.0	0.94		1.0	0.11	0.36	0.62	0.19	MLRSX
MLRRX	0.11	1.0	1.0	0.95	1.0		0.09	0.35	0.61	0.18	MLRRX
MMHEX	0.92	0.05	0.07	0.15	0.11	0.09		0.89	0.59	0.99	MMHEX
MMHVX	0.96	0.31	0.33	0.4	0.36	0.35	0.89		0.71	0.91	MMHVX
MMRDX	0.61	0.57	0.58	0.61	0.62	0.61	0.59	0.71		0.66	MMRDX
MNODX	0.93	0.13	0.15	0.23	0.19	0.18	0.99	0.91	0.66		MNODX
	MKINX	MLGRX	MLINX	MLRTX	MLRSX	MLRRX	MMHEX	MMHVX	MMRDX	MNODX

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Risk-Adjusted Indicators

There is a big difference between Mainstay Mutual Fund performing well and Mainstay Candriam Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Mainstay Candriam's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
MKINX	0.21	(0.02)	(0.32)	0.43	(0.53)	1.50
MLGRX	1.23	(0.26)	(0.57)	1.55	(2.21)	24.26
MLINX	1.19	(0.23)	(0.51)	1.58	(2.31)	21.92
MLRTX	1.17	(0.22)	(1.47)	1.50	(2.25)	21.46
MLRSX	1.11	(0.16)	(0.39)	1.52	(2.23)	17.93
MLRRX	1.14	(0.18)	(0.42)	1.55	(2.26)	19.09
MMHEX	0.26	(0.03)	(0.97)	0.51	(0.59)	2.03
MMHVX	0.26	(0.03)	(0.32)	0.51	(0.58)	1.95
MMRDX	0.44	(0.07)	(0.20)	0.70	(0.93)	4.56
MNODX	0.22	(0.03)	(0.77)	0.53	(0.62)	1.78

Unable to evaluate fundamental data of [MKINX, MLGRX, MLINX, MLRTX, MLRSX, MLRRX, MMHEX, MMHVX, MMRDX, MNODX] at this time. Please try again later

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Mainstay Candriam Competitive Analysis

The better you understand Mainstay Candriam competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Mainstay Candriam's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Mainstay Candriam's competition over several years is one of the best ways to analyze its investment potential.

Better Than Average

Worse Than Peers

View Performance Chart

	MCYCX	MKINX	MLGRX	MLINX	MLRTX	MLRSX	MLRRX	MMHEX	MMHVX	MMRDX
	0.20 9.96 Mainstay	0.22 9.29 Mainstay	1.02 7.93 Mainstay	0.99 9.22 Mainstay	1.05 9.43 Mainstay	1.06 12.35 Mainstay	1.08 11.25 Mainstay	0.25 11.77 Mainstay	0.34 11.79 Mainstay	0.44 13.72 Mainstay
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Somewhat reliable	Somewhat reliable	Somewhat reliable	Not too volatile	Not too volatile	Very steady	Very steady	Very steady
Market Performance (90 Days Performance)	Very Weak	Very Weak	Very Weak	Very Weak	Very Weak	Very Weak	Very Weak	Very Weak	Very Weak	Very Weak
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Low	Low	Low	Low	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Fairly Valued	Fairly Valued	Under Valued	Under Valued	Over Valued	Under Valued	Under Valued	Fairly Valued	Fairly Valued	Fairly Valued
Buy or Sell Advice (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Cautious Hold	Cautious Hold	Hold	Hold	Sell	Hold	Hold	Cautious Hold	Cautious Hold	Hold
Net Asset	72.17 M	3.07 B	13.07 B	13.07 B	13.07 B	13.07 B	13.07 B	6.55 B	4.73 B	730.92 M
Minimum Initial Investment	N/A	1 K	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Price To Book	N/A	N/A	4.53	4.53	4.53	4.53	4.53	N/A	N/A	1.78
Five Year Return	0.59	0.51	15.28	15.53	15.47	16.37	15.77	1.75	1.35	5.39
One Year Return	17.73	0.4	26.44	26.55	26.94	31.71	27.26	4.66	2.85	8.13
Last Dividend Paid	0.11	0.02	N/A	N/A	N/A	N/A	N/A	0.03	0.03	0.19
Price To Earning	N/A	N/A	27.32	27.32	27.32	27.32	27.32	N/A	N/A	16.49
Price To Sales	N/A	N/A	2.74	2.74	2.74	2.74	2.74	N/A	N/A	1.08
Equity Positions Weight	95.93	N/A	99.66	99.66	99.66	99.66	99.66	N/A	N/A	60.64
Cash Position Weight	N/A	6.18	0.92	0.92	0.92	0.92	0.92	4.97	9.42	4.26
Three Year Return	-6.2	-1.26	10.39	10.58	10.79	12.27	11.04	-0.29	-0.86	2.01
Annual Yield	N/A	0.0033	N/A	N/A	N/A	N/A	N/A	0.0027	0.0028	0.0325
Year To Date Return	11.62	0.27	0.64	2.44	2.47	2.24	2.45	0.23	0.4	0.67
Bond Positions Weight	N/A	93.8	N/A	N/A	N/A	N/A	N/A	94.58	13.26	2.95
Ten Year Return	N/A	4.76	14.85	15.19	15.15	15.56	15.44	6.59	6.31	6.86
Daily Balance Of Power	9.2 T	9.2 T	9.2 T	9.2 T	(9,223,372,036,855)	9.2 T	9.2 T	(9,223,372,036,855)	9.2 T	9.2 T
Day Typical Price	9.96	9.29	7.93	9.22	9.43	12.35	11.25	11.77	11.79	13.72
Period Momentum Indicator	0.02	0.02	0.08	0.09	(0.10)	0.13	0.12	(0.03)	0.04	0.06
Rate Of Daily Change	1.0	1.0	1.01	1.01	0.99	1.01	1.01	1.0	1.0	1.0
Day Median Price	9.96	9.29	7.93	9.22	9.43	12.35	11.25	11.77	11.79	13.72
Price Action Indicator	0.01	0.01	0.04	0.045	(0.05)	0.065	0.06	(0.01)	0.02	0.03
Coefficient Of Variation	(703.21)	(2,815)	(1,170)	(1,249)	(1,236)	(1,500)	(1,395)	(2,068)	(2,018)	(1,294)
Mean Deviation	0.5624	0.2103	1.23	1.19	1.17	1.11	1.14	0.2612	0.2595	0.4448
Jensen Alpha	(0.12)	(0.02)	(0.26)	(0.23)	(0.22)	(0.16)	(0.18)	(0.03)	(0.03)	(0.07)
Total Risk Alpha	(0.13)	(0.03)	(0.32)	(0.28)	(0.28)	(0.21)	(0.23)	(0.04)	(0.04)	(0.08)
Standard Deviation	0.7345	0.307	2.88	2.62	2.56	2.19	2.31	0.3819	0.3727	0.6727
Kurtosis	0.9782	2.12	46.41	42.74	41.75	33.77	36.69	2.62	2.67	9.89
Potential Upside	0.998	0.4324	1.55	1.58	1.5	1.52	1.55	0.5111	0.5089	0.6978
Treynor Ratio	(0.75)	(0.32)	(0.57)	(0.51)	(1.47)	(0.39)	(0.42)	(0.97)	(0.32)	(0.20)
Maximum Drawdown	4.23	1.5	24.26	21.92	21.46	17.93	19.09	2.03	1.95	4.56
Variance	0.5395	0.0943	8.27	6.87	6.54	4.78	5.33	0.1459	0.1389	0.4525
Market Risk Adjusted Performance	(0.74)	(0.31)	(0.56)	(0.50)	(1.46)	(0.38)	(0.41)	(0.96)	(0.31)	(0.19)
Risk Adjusted Performance	(0.12)	(0.05)	(0.06)	(0.06)	(0.06)	(0.05)	(0.05)	(0.05)	(0.05)	(0.07)
Skewness	(0.06)	(0.93)	(6.30)	(5.95)	(5.84)	(5.04)	(5.34)	(0.94)	(1.04)	(2.33)
Information Ratio	(0.18)	(0.13)	(0.1)	(0.09)	(0.09)	(0.08)	(0.08)	(0.13)	(0.13)	(0.12)
Value At Risk	(1.35)	(0.53)	(2.21)	(2.31)	(2.25)	(2.23)	(2.26)	(0.59)	(0.58)	(0.93)

Mainstay Candriam Competition Performance Charts

Five steps to successful analysis of Mainstay Candriam Competition

Mainstay Candriam's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Mainstay Candriam in relation to its competition. Mainstay Candriam's competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of Mainstay Candriam in the market, both direct and indirect, as well as new entrants and disruptive technologies.
Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Mainstay Candriam's competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Mainstay Candriam, and developing a strategy to address them.
Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.

Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Mainstay Candriam position

In addition to having Mainstay Candriam in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Government Funds

Funds or Etfs that invest in fixed income securities issued by national government to finance government spending or to facilitate Federal Reserve monetary policies. The Government Funds theme has 48 constituents at this time.

You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Government Funds Theme or any other thematic opportunities.

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Other Information on Investing in Mainstay Mutual Fund

Mainstay Candriam 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 Candriam security.

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