Mainstay Income Correlations
| MKTRXDelisted Fund | USD 21.24 0.00 0.00% |
The current 90-days correlation between Mainstay Income Builder and Ftfa Franklin Templeton Growth is -0.15 (i.e., Good diversification). The correlation of Mainstay Income 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 Income Correlation With Market
Good diversification
The correlation between Mainstay Income Builder and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mainstay Income Builder and DJI in the same portfolio, assuming nothing else is changed.
Mainstay |
Moving against Mainstay Mutual Fund
| 0.35 | RIREX | Capital Income Builder | PairCorr |
| 0.35 | RIRCX | Capital Income Builder | PairCorr |
| 0.35 | RIRFX | Capital Income Builder | PairCorr |
| 0.35 | CIRCX | Capital Income Builder | PairCorr |
| 0.35 | CIREX | Capital Income Builder | PairCorr |
| 0.35 | RIRBX | Capital Income Builder | PairCorr |
| 0.35 | CAIFX | Capital Income Builder | PairCorr |
| 0.35 | CIRAX | Capital Income Builder | PairCorr |
| 0.47 | WARCX | Wells Fargo Advantage | PairCorr |
| 0.42 | BRUGX | Mfs Blended Research | PairCorr |
| 0.4 | AQMRX | Aqr Managed Futures | PairCorr |
| 0.4 | IFAFX | Income Fund | PairCorr |
| 0.34 | KF | Korea Closed | PairCorr |
| 0.31 | DURAX | Deutsche European Equity | PairCorr |
| 0.54 | JHGEX | Global Equity | PairCorr |
| 0.53 | MSTSX | Morningstar Unconstrained | PairCorr |
| 0.4 | AMECX | Income Fund | PairCorr |
| 0.35 | RIDFX | Income Fund | PairCorr |
| 0.35 | IFACX | Income Fund | PairCorr |
| 0.35 | NSITX | Northern Short Inter | PairCorr |
Related Correlations Analysis
| 0.92 | 0.84 | 0.83 | 0.91 | 0.47 | 0.87 | FGTZX | ||
| 0.92 | 0.86 | 0.82 | 0.96 | 0.54 | 0.84 | GETFX | ||
| 0.84 | 0.86 | 0.89 | 0.85 | 0.42 | 0.66 | VDIGX | ||
| 0.83 | 0.82 | 0.89 | 0.9 | 0.65 | 0.57 | CDGCX | ||
| 0.91 | 0.96 | 0.85 | 0.9 | 0.6 | 0.74 | LMLRX | ||
| 0.47 | 0.54 | 0.42 | 0.65 | 0.6 | 0.23 | EIPIX | ||
| 0.87 | 0.84 | 0.66 | 0.57 | 0.74 | 0.23 | BGGKX | ||
| 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 Income 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 Income'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FGTZX | 0.72 | (0.12) | 0.00 | (1.02) | 0.00 | 1.08 | 5.10 | |||
| GETFX | 0.68 | (0.03) | 0.00 | (0.24) | 0.00 | 1.04 | 4.89 | |||
| VDIGX | 0.75 | (0.03) | 0.00 | (0.21) | 0.00 | 0.98 | 6.84 | |||
| CDGCX | 0.69 | 0.03 | 0.00 | (0.14) | 0.00 | 1.12 | 7.08 | |||
| LMLRX | 0.41 | (0.02) | 0.00 | (0.24) | 0.00 | 0.62 | 2.88 | |||
| EIPIX | 0.88 | 0.08 | 0.00 | (0.08) | 0.00 | 1.70 | 9.13 | |||
| BGGKX | 1.72 | (0.18) | 0.00 | (0.69) | 0.00 | 2.84 | 12.35 |
Mainstay Income Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Mainstay Income mutual fund to make a market-neutral strategy. Peer analysis of Mainstay Income could also be used in its relative valuation, which is a method of valuing Mainstay Income by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in Mainstay Income Builder?
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