Mainstay Cbre Correlations

VCRQX Fund

USD 13.32 0.15 1.14%

The current 90-days correlation between Mainstay Cbre Global and Goldman Sachs Technology is 0.14 (i.e., Average diversification). The correlation of Mainstay Cbre 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 Cbre Correlation With Market

Very weak diversification

The correlation between Mainstay Cbre Global and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mainstay Cbre Global and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Mainstay Cbre Global. 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 producer price index.

Moving together with Mainstay Mutual Fund

0.8	MLGRX	Mainstay Large Cap	Pair Corr
0.81	MLINX	Mainstay Large Cap	Pair Corr
0.83	MLRTX	Mainstay Large Cap	Pair Corr
0.82	MLRSX	Mainstay Large Cap	Pair Corr
0.82	MLRRX	Mainstay Large Cap	Pair Corr
0.66	MMHVX	Mainstay High Yield	Pair Corr
0.79	MMRDX	Mainstay Moderate	Pair Corr
0.89	EPLIX	Mainstay Epoch Equity	Pair Corr
0.89	EPLDX	Mainstay Epoch Equity	Pair Corr
0.87	EPSRX	Mainstay Epoch Global	Pair Corr
0.87	EPSIX	Mainstay Epoch Global	Pair Corr
1.0	VCRVX	Mainstay Cbre Global	Pair Corr
0.91	MSMIX	Mainstay Map Equity	Pair Corr
0.92	MBERX	Mainstay Balanced	Pair Corr
0.93	MBINX	Mainstay Balanced	Pair Corr
0.62	ICELX	Mainstay Epoch Inter	Pair Corr
0.85	MTINX	Mainstay Income Builder	Pair Corr
0.84	MTODX	Mainstay Income Builder	Pair Corr
0.82	MCINX	Mainstay Convertible	Pair Corr
0.8	MCKNX	Mainstay Conservative	Pair Corr
0.86	MCSSX	Mainstay Mon Stock	Pair Corr

Moving against Mainstay Mutual Fund

0.57	MXFEX	Mainstay Floating Rate	Pair Corr
0.57	MXFNX	Mainstay Floating Rate	Pair Corr

Related Correlations Analysis

	GISTX	HTECX	USTCX	PGKCX	CMTFX	BSTSX
GISTX		0.79	0.96	0.83	0.89	0.76	GISTX
HTECX	0.79		0.73	0.78	0.62	0.82	HTECX
USTCX	0.96	0.73		0.79	0.95	0.69	USTCX
PGKCX	0.83	0.78	0.79		0.78	0.87	PGKCX
CMTFX	0.89	0.62	0.95	0.78		0.68	CMTFX
BSTSX	0.76	0.82	0.69	0.87	0.68		BSTSX
	GISTX	HTECX	USTCX	PGKCX	CMTFX	BSTSX

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Risk-Adjusted Indicators

There is a big difference between Mainstay Mutual Fund performing well and Mainstay Cbre 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 Cbre'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
GISTX	1.12	0.09	0.02	0.34	1.62	(1.10)	2.26	(2.89)	7.34
HTECX	1.06	0.04	(0.01)	0.18	1.58	(0.99)	1.73	(2.31)	9.04
USTCX	1.19	0.08	0.03	0.24	1.51	(1.20)	2.71	(2.89)	7.48
PGKCX	1.25	(0.01)	(0.03)	0.07	2.00	(1.16)	2.27	(2.67)	9.62
CMTFX	1.10	0.04	(0.01)	0.18	1.53	(1.15)	2.01	(2.56)	8.22
BSTSX	1.26	(0.01)	(0.03)	0.06	2.06	(1.22)	2.40	(3.58)	9.07

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