Mainstay Conservative Competition

Mutual Funds . USA . 
Fund . Mainstay Conservative Etf
MNELX Fund  USD 11.15  0.04  0.36%   
Mainstay Conservative Etf competes with Mainstay High, Mainstay Tax, Mainstay Income, Mainstay Large, and Mainstay Large; as well as few others. The fund is listed under Allocation--30% to 50% Equity category and is part of New York Life Investment Management LLC family. Analyzing Mainstay Conservative 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 Conservative to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Mainstay Conservative 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 Conservative competition on your existing holdings.
  
Specify up to 10 symbols:
Hype
Prediction
LowEstimatedHigh
10.7811.1511.52
Details
Intrinsic
Valuation
LowRealHigh
10.7411.1111.48
Details
Naive
Forecast
LowNextHigh
10.7011.0811.45
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
10.9911.1011.21
Details

Mainstay Conservative Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Mainstay Conservative 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 Conservative Etf does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
MLABX
+ 1.0
MLACX
MLAIX
+ 1.0
MLACX
MLRMX
+ 1.0
MLACX
MLAIX
+ 1.0
MLABX
MLRMX
+ 1.0
MLABX
MLRMX
+ 1.0
MLAIX
  
High negative correlations   
MLAAX
- 0.39
MKTBX
MLRMX
- 0.37
MKTBX
MLAIX
- 0.37
MKTBX
MLABX
- 0.37
MKTBX
MLACX
- 0.37
MKTBX
MMHDX
- 0.31
MLAAX

Risk-Adjusted Indicators

There is a big difference between Mainstay Mutual Fund performing well and Mainstay Conservative 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 Conservative'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
MKHCX  0.11  0.01 (0.49) 3.11  0.00 
(0.19)
 0.19 
(0.19)
 0.58 
MKTBX  0.14 (0.01)(0.35)(0.09) 0.21 
(0.21)
 0.32 
(0.32)
 1.28 
MKTRX  0.37 (0.05)(0.22) 0.01  0.44 
(0.42)
 0.77 
(0.94)
 1.90 
MLACX  0.78  0.12  0.00 (1.73) 1.20 
(0.80)
 1.66 
(2.32)
 5.43 
MLABX  0.79  0.12  0.00 (1.91) 1.17 
(0.83)
 1.65 
(2.31)
 5.41 
MLAAX  0.78  0.02  0.01  0.14  1.17 
(0.82)
 1.74 
(2.29)
 5.42 
MLAIX  0.79  0.13  0.00 (1.81) 1.17 
(0.79)
 1.68 
(2.27)
 5.51 
MLRMX  0.80  0.12  0.00 (1.97) 1.17 
(0.82)
 1.74 
(2.25)
 5.54 
MMHAX  0.18 (0.01)(0.27)(0.01) 0.30 
(0.24)
 0.42 
(0.41)
 1.92 
MMHDX  0.18 (0.01)(0.28)(0.05) 0.29 
(0.24)
 0.34 
(0.41)
 1.93 
All Fundamental Data

Mainstay Conservative Competitive Analysis

The better you understand Mainstay Conservative competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Mainstay Conservative'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 Conservative'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
MNELX MKHCX MKTBX MKTRX MLACX MLABX MLAAX MLAIX MLRMX MMHAX
 0.36 
 11.15 
Mainstay
 0.19 
 5.23 
Mainstay
 0.32 
 9.42 
Mainstay
 0.57 
 21.10 
Mainstay
 0.16 
 6.41 
Mainstay
 0.47 
 6.44 
Mainstay
 0.09 
 11.68 
Mainstay
 0.07 
 13.98 
Mainstay
 0.09 
 11.05 
Mainstay
 0.42 
 12.06 
Mainstay
Market Volatility
(90 Days Market Risk)
Very steady
Very steady
Very steady
Very steady
Not too volatile
Not too volatile
Very steady
Very steady
Very steady
Very steady
Market Performance
(90 Days Performance)
OK
Good
Insignificant
Weak
OK
OK
OK
OK
OK
Insignificant
Odds of Financial Distress
(Probability Of Bankruptcy)
Low
Low
Low
Low
Low
Low
Low
Low
Low
Low
Current Valuation
(Equity Enterprise Value)
Fairly Valued
Over Valued
Over Valued
Fairly Valued
Fairly Valued
Fairly Valued
Fairly Valued
Fairly Valued
Fairly Valued
Over 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)
Strong Hold
Strong Sell
Strong Hold
Strong Buy
Cautious Hold
Cautious Hold
Buy
Cautious Hold
Cautious Hold
Strong Hold
Net Asset
40.52 M
10.26 B
8.29 B
1.1 B
12.98 B
12.98 B
12.98 B
12.98 B
13.75 B
7.81 B
Minimum Initial Investment
1000 K
N/A
N/A
N/A
N/A
N/A
N/A
N/A
1 K
N/A
Price To Book
N/A
N/A
N/A
2.39
4.53
4.53
4.74
4.53
N/A
N/A
Five Year Return
N/A
3.16
0.82
3.98
16.72
16.33
17.79
17.72
N/A
2.04
Last Dividend Paid
0.07
0.02
0.02
0.01
N/A
N/A
N/A
N/A
N/A
0.03
One Year Return
N/A
9.87
5.69
19.27
35.75
35.99
37.05
37.73
N/A
10.86
Price To Earning
N/A
N/A
N/A
17.09
27.32
27.32
27.88
27.32
N/A
N/A
Price To Sales
N/A
N/A
N/A
1.59
2.74
2.74
2.82
2.74
N/A
N/A
Cash Position Weight
6.99
6.35
14.05
-20.6
0.92
0.92
0.92
0.92
0.62
9.42
Equity Positions Weight
40.67
2.51
N/A
63.07
99.66
99.66
99.66
99.66
99.38
N/A
Three Year Return
N/A
2.26
-1.15
1.41
6.56
5.42
7.54
6.71
N/A
-0.32
Annual Yield
0.0287
0.0505
0.0062
0.0193
N/A
N/A
N/A
N/A
N/A
0.0028
Bond Positions Weight
51.39
10.63
0.77
5.16
N/A
N/A
N/A
N/A
N/A
13.26
Year To Date Return
N/A
5.68
1.69
11.54
28.97
27.2
29.92
28.7
N/A
5.09
Ten Year Return
N/A
5.1
4.49
7.01
14.31
14.33
15.27
15.56
N/A
6.33
Daily Balance Of Power
9.2 T
9.2 T
9.2 T
9.2 T
9.2 T
9.2 T
9.2 T
9.2 T
9.2 T
9.2 T
Day Typical Price
11.15
5.23
9.42
21.1
6.41
6.44
11.68
13.98
11.05
12.06
Period Momentum Indicator
0.04
0.01
0.03
0.12
0.01
0.03
0.01
0.01
0.01
0.05
Rate Of Daily Change
1.0
1.0
1.0
1.01
1.0
1.0
1.0
1.0
1.0
1.0
Day Median Price
11.15
5.23
9.42
21.1
6.41
6.44
11.68
13.98
11.05
12.06
Price Action Indicator
0.02
0.005
0.015
0.06
0.005
0.015
0.005
0.005
0.005
0.025
Coefficient Of Variation
808.07
717.68
4588.76
3026.31
888.44
896.72
783.17
874.34
893.66
3327.69
Mean Deviation
0.3086
0.1148
0.1421
0.3687
0.7787
0.793
0.7775
0.7891
0.7971
0.1802
Jensen Alpha
0.033
0.0102
(0.01)
(0.05)
0.1249
0.1236
0.0205
0.1272
0.1249
(0.01)
Total Risk Alpha
(0.02)
(0.01)
(0.04)
(0.07)
(0.06)
(0.06)
(0.04)
(0.06)
(0.06)
(0.05)
Sortino Ratio
(0.19)
(0.49)
(0.35)
(0.22)
(0)
(0)
0.0113
5.0E-4
(0.0006)
(0.27)
Downside Variance
0.1802
0.0482
0.1243
0.2581
2.02
1.92
2.28
2.01
2.07
0.1914
Standard Deviation
0.3968
0.1476
0.235
0.4671
1.13
1.13
1.14
1.13
1.14
0.3106
Kurtosis
0.329
(0.57)
5.89
(0.28)
2.02
1.94
1.95
1.83
1.9
8.18
Potential Upside
0.6346
0.1938
0.3222
0.7652
1.66
1.65
1.74
1.68
1.74
0.4202
Treynor Ratio
0.7565
3.11
(0.09)
0.0114
(1.73)
(1.91)
0.1398
(1.81)
(1.97)
(0.01)
Maximum Drawdown
2.03
0.5766
1.28
1.9
5.43
5.41
5.42
5.51
5.54
1.92
Variance
0.1575
0.0218
0.0552
0.2182
1.27
1.28
1.3
1.28
1.3
0.0965
Market Risk Adjusted Performance
0.7665
3.12
(0.08)
0.0214
(1.72)
(1.90)
0.1498
(1.80)
(1.96)
1.0E-4
Risk Adjusted Performance
0.0853
0.0647
(0.01)
0.0189
0.0892
0.0885
0.1009
0.0907
0.0888
0.0084
Skewness
0.127
(0.39)
(1.07)
(0.31)
(0.69)
(0.63)
(0.69)
(0.62)
(0.66)
(1.54)
Semi Deviation
0.2739
0.0
0.2122
0.4419
1.2
1.17
1.17
1.17
1.17
0.2976
Information Ratio
(0.20)
(0.73)
(0.53)
(0.24)
(0)
(0)
0.0149
7.0E-4
(0.0007)
(0.38)
Value At Risk
(0.63)
(0.19)
(0.32)
(0.94)
(2.32)
(2.31)
(2.29)
(2.27)
(2.25)
(0.41)
Expected Short fall
(0.37)
(0.19)
(0.21)
(0.42)
(0.80)
(0.83)
(0.82)
(0.79)
(0.82)
(0.24)
Downside Deviation
0.4245
0.2196
0.3525
0.5081
1.42
1.39
1.51
1.42
1.44
0.4375
Semi Variance
0.075
(0.01)
0.045
0.1953
1.44
1.38
1.37
1.37
1.37
0.0886

Mainstay Conservative Competition Performance Charts

Five steps to successful analysis of Mainstay Conservative Competition

Mainstay Conservative'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 Conservative Etf in relation to its competition. Mainstay Conservative's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of Mainstay Conservative 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 Conservative's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Mainstay Conservative Etf, 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 Conservative position

In addition to having Mainstay Conservative 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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Exotic Funds
Exotic Funds Theme
Funds or Etfs with high minimum investment requirement that manage portfolios of alternative investments such as hedge funds, options, futures, real estate or commodities. The Exotic Funds theme has 43 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 Exotic Funds Theme or any other thematic opportunities.
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Other Information on Investing in Mainstay Mutual Fund

Mainstay Conservative 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 Conservative security.
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