Mainstay Moderate Correlations

MDARX Fund

USD 12.94 0.03 0.23%

The correlation of Mainstay Moderate 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.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mainstay Moderate Etf. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Mainstay Mutual Fund

0.85	MKHCX	Mainstay High Yield	Pair Corr
0.71	MKTRX	Mainstay Income Builder	Pair Corr
0.88	MLAAX	Mainstay Large Cap	Pair Corr
0.85	MLAIX	Mainstay Large Cap	Pair Corr
0.88	MLRMX	Mainstay Winslow Large	Pair Corr
0.98	MMRAX	Mainstay Moderate	Pair Corr
0.97	MMRCX	Mainstay Moderate	Pair Corr
0.98	MMRIX	Mainstay Moderate	Pair Corr
0.98	MMRSX	Mainstay Moderate	Pair Corr
0.97	MNERX	Mainstay Conservative Etf	Pair Corr
0.97	MNEVX	Mainstay Conservative Etf	Pair Corr
0.97	MNEAX	Mainstay Conservative Etf	Pair Corr
0.98	MNELX	Mainstay Conservative Etf	Pair Corr
0.97	MNEKX	Mainstay Conservative Etf	Pair Corr
0.94	EPLPX	Mainstay Epoch Equity	Pair Corr
0.91	EPLKX	Mainstay Epoch Equity	Pair Corr
0.91	EPLBX	Mainstay Epoch Equity	Pair Corr
0.67	EPSKX	Mainstay Epoch Global	Pair Corr
0.99	MOEAX	Mainstay Growth Etf	Pair Corr
0.99	MOECX	Mainstay Growth Etf	Pair Corr
0.99	MOEIX	Mainstay Growth Etf	Pair Corr
0.99	MOEVX	Mainstay Growth Etf	Pair Corr
0.66	MOPCX	Mainstay Epoch Small	Pair Corr
0.83	MOPBX	Mainstay Mon Stock	Pair Corr
0.62	MOPAX	Mainstay Epoch Small	Pair Corr
0.66	MOPIX	Mainstay Epoch Small	Pair Corr
0.61	MOTBX	Mainstay Epoch Small	Pair Corr
0.63	VCRCX	Mainstay Cbre Global	Pair Corr
0.7	VCRIX	Voya Cbre Global	Pair Corr
0.91	MAPAX	Mainstay Map Equity	Pair Corr
0.87	MAPBX	Mainstay Map Equity	Pair Corr
0.84	MSOAX	Mainstay Mon Stock	Pair Corr
0.9	MSOIX	Mainstay Mon Stock	Pair Corr
0.89	MSPIX	Mainstay Sp 500	Pair Corr
0.88	MBACX	Mainstay Balanced	Pair Corr

Moving against Mainstay Mutual Fund

0.52	ICEUX	Mainstay Epoch Inter	Pair Corr
0.52	ICEWX	Mainstay Epoch Inter	Pair Corr
0.47	ICERX	Mainstay Epoch Inter	Pair Corr
0.47	ICEVX	Mainstay Epoch Inter	Pair Corr
0.31	MASAX	Mainstay Unconstrained	Pair Corr

Related Correlations Analysis

	AAVXF	SCRYY	444859BR2	AQUI	SCRYX	MSTSX	LBHIX	ABHYX	ID	SCAXF
AAVXF		0.0	0.0	-1.0	0.0	0.0	0.0	0.0	0.0	0.0	AAVXF
SCRYY	0.0		-0.44	0.0	0.44	0.47	0.5	0.31	0.45	-0.63	SCRYY
444859BR2	0.0	-0.44		0.0	-0.63	-0.62	-0.59	-0.09	-0.65	0.21	444859BR2
AQUI	-1.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	AQUI
SCRYX	0.0	0.44	-0.63	0.0		0.58	0.6	-0.03	0.62	-0.35	SCRYX
MSTSX	0.0	0.47	-0.62	0.0	0.58		0.72	0.4	0.4	0.03	MSTSX
LBHIX	0.0	0.5	-0.59	0.0	0.6	0.72		0.62	0.32	-0.21	LBHIX
ABHYX	0.0	0.31	-0.09	0.0	-0.03	0.4	0.62		-0.14	-0.01	ABHYX
ID	0.0	0.45	-0.65	0.0	0.62	0.4	0.32	-0.14		-0.44	ID
SCAXF	0.0	-0.63	0.21	0.0	-0.35	0.03	-0.21	-0.01	-0.44		SCAXF
	AAVXF	SCRYY	444859BR2	AQUI	SCRYX	MSTSX	LBHIX	ABHYX	ID	SCAXF

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

LBHIX	+ 0.72	MSTSX
ID	+ 0.62	SCRYX
ABHYX	+ 0.62	LBHIX
LBHIX	+ 0.6	SCRYX
MSTSX	+ 0.58	SCRYX
LBHIX	+ 0.5	SCRYY

High negative correlations

AQUI	- 1.0	AAVXF
ID	- 0.65	444859BR2
SCRYX	- 0.63	444859BR2
SCAXF	- 0.63	SCRYY
MSTSX	- 0.62	444859BR2
LBHIX	- 0.59	444859BR2

Risk-Adjusted Indicators

There is a big difference between Mainstay Mutual Fund performing well and Mainstay Moderate 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 Moderate'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
AAVXF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SCRYY	2.12	0.43	0.13	(1.15)	2.05	(2.81)	5.61	(4.09)	12.99
444859BR2	1.32	0.04	0.00	0.04	0.00	0.00	5.93	(4.60)	16.62
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SCRYX	0.97	0.09	0.01	0.99	0.96	(1.10)	2.39	(1.69)	7.88
MSTSX	0.49	(0.03)	(0.09)	0.05	0.52	(0.59)	1.21	(1.02)	2.80
LBHIX	0.11	0.00	(0.27)	0.00	0.00	(0.29)	0.24	(0.24)	0.96
ABHYX	0.16	0.00	(0.17)	0.11	0.26	(0.23)	0.34	(0.33)	1.91
ID	3.81	0.25	0.03	1.85	4.78	(4.93)	7.69	(7.69)	23.97
SCAXF	0.70	(0.40)	0.00	(1.01)	0.00	0.00	0.00	0.00	23.47

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Mainstay Moderate Correlations

Moving together with Mainstay Mutual Fund

Moving against Mainstay Mutual Fund

Related Correlations Analysis

Correlation Matchups

Risk-Adjusted Indicators

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