Mainstay Servative Allocation Fund Market Value
| MCKNX Fund | USD 12.42 0.01 0.08% |
| Symbol | Mainstay |
Mainstay Servative '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 Servative'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 Servative.
| 01/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in Mainstay Servative on January 9, 2023 and sell it all today you would earn a total of 0.00 from holding Mainstay Servative Allocation or generate 0.0% return on investment in Mainstay Servative over 690 days. Mainstay Servative is related to or competes with Chartwell Short, Old Westbury, Vanguard Institutional, Sterling Capital, Goldman Sachs, Aqr Sustainable, and Aqr Long-short. The fund is a fund of funds that seeks to achieve its investment objective by investing primarily in mutual funds and ET... More
Mainstay Servative 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 Servative'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 Servative Allocation upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3797 | |||
| Information Ratio | (0.26) | |||
| Maximum Drawdown | 1.4 | |||
| Value At Risk | (0.58) | |||
| Potential Upside | 0.579 |
Mainstay Servative Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mainstay Servative's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mainstay Servative's standard deviation. In reality, there are many statistical measures that can use Mainstay Servative historical prices to predict the future Mainstay Servative's volatility.| Risk Adjusted Performance | 0.0682 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.23) | |||
| Treynor Ratio | 0.0744 |
Mainstay Servative Backtested Returns
At this stage we consider Mainstay Mutual Fund to be very steady. Mainstay Servative has Sharpe Ratio of 0.15, which conveys that the entity had a 0.15% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Mainstay Servative, which you can use to evaluate the volatility of the fund. Please verify Mainstay Servative's Risk Adjusted Performance of 0.0682, mean deviation of 0.2793, and Downside Deviation of 0.3797 to check out if the risk estimate we provide is consistent with the expected return of 0.0512%. The fund secures a Beta (Market Risk) of 0.36, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Mainstay Servative's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mainstay Servative is expected to be smaller as well.
Auto-correlation | 0.13 |
Insignificant predictability
Mainstay Servative Allocation has insignificant predictability. Overlapping area represents the amount of predictability between Mainstay Servative time series from 9th of January 2023 to 20th of December 2023 and 20th of December 2023 to 29th 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 Servative price movement. The serial correlation of 0.13 indicates that less than 13.0% of current Mainstay Servative price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
Mainstay Servative lagged returns against current returns
Autocorrelation, which is Mainstay Servative 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 Servative's mutual fund expected returns. We can calculate the autocorrelation of Mainstay Servative returns to help us make a trade decision. For example, suppose you find that Mainstay Servative 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 Servative 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 Servative mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mainstay Servative 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 Servative mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Mainstay Servative Lagged Returns
When evaluating Mainstay Servative's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mainstay Servative mutual fund have on its future price. Mainstay Servative 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 Servative autocorrelation shows the relationship between Mainstay Servative mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Mainstay Servative Allocation.
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 Servative 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 Servative security.
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