Mainstay Balanced Fund Market Value
| MBAIX Fund | USD 32.62 0.14 0.43% |
| Symbol | Mainstay |
Mainstay Balanced 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Mainstay Balanced's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Mainstay Balanced.
| 02/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in Mainstay Balanced on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Mainstay Balanced Fund or generate 0.0% return on investment in Mainstay Balanced over 270 days. Mainstay Balanced is related to or competes with Mainstay High, Mainstay Tax, Mainstay Income, Mainstay Large, Mainstay Large, Mainstay Large, and Mainstay High. The fund invests approximately 60 percent of its assets in stocks and 40 percent of its assets in fixed-income securitie... More
Mainstay Balanced Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Mainstay Balanced's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Mainstay Balanced Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3713 | |||
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 2.43 | |||
| Value At Risk | (0.62) | |||
| Potential Upside | 0.6881 |
Mainstay Balanced Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mainstay Balanced's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mainstay Balanced's standard deviation. In reality, there are many statistical measures that can use Mainstay Balanced historical prices to predict the future Mainstay Balanced's volatility.| Risk Adjusted Performance | 0.0842 | |||
| Jensen Alpha | 0.0453 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.21) | |||
| Treynor Ratio | (1.30) |
Mainstay Balanced Backtested Returns
At this stage we consider Mainstay Mutual Fund to be very steady. Mainstay Balanced has Sharpe Ratio of 0.0973, which conveys that the entity had a 0.0973% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Mainstay Balanced, which you can use to evaluate the volatility of the fund. Please verify Mainstay Balanced's Downside Deviation of 0.3713, mean deviation of 0.3195, and Risk Adjusted Performance of 0.0842 to check out if the risk estimate we provide is consistent with the expected return of 0.0412%. The fund secures a Beta (Market Risk) of -0.0319, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Mainstay Balanced are expected to decrease at a much lower rate. During the bear market, Mainstay Balanced is likely to outperform the market.
Auto-correlation | 0.31 |
Below average predictability
Mainstay Balanced Fund has below average predictability. Overlapping area represents the amount of predictability between Mainstay Balanced time series from 27th of February 2024 to 11th of July 2024 and 11th of July 2024 to 23rd of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Mainstay Balanced price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current Mainstay Balanced price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.35 |
Mainstay Balanced lagged returns against current returns
Autocorrelation, which is Mainstay Balanced mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Mainstay Balanced's mutual fund expected returns. We can calculate the autocorrelation of Mainstay Balanced returns to help us make a trade decision. For example, suppose you find that Mainstay Balanced has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Mainstay Balanced regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Mainstay Balanced mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mainstay Balanced mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mainstay Balanced mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Mainstay Balanced Lagged Returns
When evaluating Mainstay Balanced's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mainstay Balanced mutual fund have on its future price. Mainstay Balanced autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Mainstay Balanced autocorrelation shows the relationship between Mainstay Balanced mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Mainstay Balanced Fund.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Mainstay Mutual Fund
Mainstay Balanced financial ratios help investors to determine whether Mainstay Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Mainstay with respect to the benefits of owning Mainstay Balanced security.
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