Mainstay Large Correlations

MLRRX Fund

USD 10.37 0.18 1.77%

The current 90-days correlation between Mainstay Large Cap and Wesmark Government Bond is -0.04 (i.e., Good diversification). The correlation of Mainstay Large 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 Large Correlation With Market

Good diversification

The correlation between Mainstay Large Cap and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mainstay Large Cap and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mainstay Large Cap. 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

0.99	FAFGX	American Funds	Pair Corr
0.99	FFAFX	American Funds	Pair Corr
0.99	GFACX	Growth Fund	Pair Corr
0.99	AGTHX	Growth Fund	Pair Corr
0.99	CGFFX	Growth Fund	Pair Corr
0.9	CGFCX	Growth Fund	Pair Corr
0.9	CGFAX	Growth Fund	Pair Corr
0.9	CGFEX	Growth Fund	Pair Corr
0.99	RGAEX	Growth Fund	Pair Corr
0.83	AXP	American Express	Pair Corr
0.74	JPM	JPMorgan Chase	Pair Corr
0.75	BAC	Bank of America Aggressive Push	Pair Corr

Moving against Mainstay Mutual Fund

0.46	BTMPX	Ishares Msci Eafe	Pair Corr
0.46	BTMKX	Blackrock International	Pair Corr
0.44	MDIIX	Blackrock Intern Index	Pair Corr
0.59	VZ	Verizon Communications Aggressive Push	Pair Corr
0.42	PG	Procter Gamble	Pair Corr
0.41	MCD	McDonalds	Pair Corr
0.38	KO	Coca Cola Sell-off Trend	Pair Corr

Related Correlations Analysis

	WMBDX	ACASX	USGFX	DCCGX	NSIOX
WMBDX		0.93	0.99	0.92	0.83	WMBDX
ACASX	0.93		0.92	0.99	0.77	ACASX
USGFX	0.99	0.92		0.9	0.81	USGFX
DCCGX	0.92	0.99	0.9		0.79	DCCGX
NSIOX	0.83	0.77	0.81	0.79		NSIOX
	WMBDX	ACASX	USGFX	DCCGX	NSIOX

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Risk-Adjusted Indicators

There is a big difference between Mainstay Mutual Fund performing well and Mainstay Large 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 Large'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
WMBDX	0.25	0.03	0.33	1.17	0.15	(0.32)	0.64	(0.51)	1.43
ACASX	0.26	0.04	0.29	0.76	0.22	(0.32)	0.65	(0.52)	1.61
USGFX	0.25	0.04	0.39	1.71	0.12	(0.32)	0.60	(0.42)	1.55
DCCGX	0.19	0.02	0.44	0.54	0.05	(0.26)	0.41	(0.33)	1.23
NSIOX	0.19	(0.02)	0.00	1.06	0.00	0.00	0.41	(0.50)	1.21

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