Mainstay Pinestone Correlations
| FCUPX Fund | 19.84 0.14 0.71% |
The current 90-days correlation between Mainstay Pinestone Equity and Franklin Government Money is -0.11 (i.e., Good diversification). The correlation of Mainstay Pinestone is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.
Mainstay Pinestone Correlation With Market
Average diversification
The correlation between Mainstay Pinestone Equity and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mainstay Pinestone Equity and DJI in the same portfolio, assuming nothing else is changed.
Mainstay |
Moving together with Mainstay Mutual Fund
| 0.62 | MKHCX | Mainstay High Yield | PairCorr |
| 0.63 | MKTRX | Mainstay Income Builder | PairCorr |
| 0.67 | MLACX | Mainstay Large Cap | PairCorr |
| 0.67 | MLABX | Mainstay Large Cap | PairCorr |
| 0.67 | MLAAX | Mainstay Large Cap | PairCorr |
| 0.67 | MLAIX | Mainstay Large Cap | PairCorr |
| 0.67 | MLRMX | Mainstay Winslow Large | PairCorr |
| 0.64 | MMPDX | Mainstay Wmc Value | PairCorr |
| 0.64 | MMPCX | Mainstay Map Equity | PairCorr |
| 0.81 | MMRAX | Mainstay Moderate | PairCorr |
| 0.81 | MMRCX | Mainstay Moderate | PairCorr |
| 0.82 | MMRBX | Mainstay Moderate | PairCorr |
| 0.81 | MMRIX | Mainstay Moderate | PairCorr |
| 0.81 | MMRSX | Mainstay Moderate | PairCorr |
| 0.8 | MNERX | Mainstay Conservative Etf | PairCorr |
| 0.8 | MNEVX | Mainstay Conservative Etf | PairCorr |
| 0.8 | MNEAX | Mainstay Conservative Etf | PairCorr |
| 0.8 | MNELX | Mainstay Conservative Etf | PairCorr |
| 0.71 | EPLPX | Mainstay Epoch Equity | PairCorr |
| 0.71 | EPLCX | Mainstay Epoch Equity | PairCorr |
| 0.71 | EPLBX | Mainstay Epoch Equity | PairCorr |
| 0.66 | FCGYX | Mainstay Pinestone Global | PairCorr |
| 0.63 | EPSPX | Mainstay Epoch Global | PairCorr |
| 0.62 | EPSKX | Mainstay Epoch Global | PairCorr |
| 0.75 | MOEAX | Mainstay Growth Etf | PairCorr |
| 0.76 | MOECX | Mainstay Growth Etf | PairCorr |
| 0.76 | MOEVX | Mainstay Growth Etf | PairCorr |
| 0.81 | FCUDX | Mainstay Pinestone Equity | PairCorr |
Related Correlations Analysis
| 1.0 | 0.36 | 1.0 | 0.39 | 1.0 | FRQXX | ||
| 1.0 | 0.36 | 1.0 | 0.39 | 1.0 | GMCXX | ||
| 0.36 | 0.36 | 0.36 | 0.91 | 0.36 | BCTXX | ||
| 1.0 | 1.0 | 0.36 | 0.39 | 1.0 | INFXX | ||
| 0.39 | 0.39 | 0.91 | 0.39 | 0.39 | SMGXX | ||
| 1.0 | 1.0 | 0.36 | 1.0 | 0.39 | TAMXX | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Mainstay Mutual Fund performing well and Mainstay Pinestone 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 Pinestone'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 | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FRQXX | 0.03 | 0.01 | 0.00 | (2.21) | 0.00 | 0.00 | 1.01 | |||
| GMCXX | 0.03 | 0.01 | 0.00 | (2.21) | 0.00 | 0.00 | 1.01 | |||
| BCTXX | 0.03 | 0.00 | 0.00 | 0.43 | 0.00 | 0.00 | 1.01 | |||
| INFXX | 0.03 | 0.01 | 0.00 | (2.21) | 0.00 | 0.00 | 1.01 | |||
| SMGXX | 0.03 | 0.00 | 0.00 | 0.48 | 0.00 | 0.00 | 1.01 | |||
| TAMXX | 0.03 | 0.01 | 0.00 | (2.21) | 0.00 | 0.00 | 1.01 |