Mainstay Candriam Emerging Fund Market Value

MCYCX Fund  USD 10.01  0.06  0.60%   
Mainstay Candriam's market value is the price at which a share of Mainstay Candriam trades on a public exchange. It measures the collective expectations of Mainstay Candriam Emerging investors about its performance. Mainstay Candriam is trading at 10.01 as of the 30th of November 2024; that is 0.6 percent decrease since the beginning of the trading day. The fund's open price was 10.07.
With this module, you can estimate the performance of a buy and hold strategy of Mainstay Candriam Emerging and determine expected loss or profit from investing in Mainstay Candriam over a given investment horizon. Check out Mainstay Candriam Correlation, Mainstay Candriam Volatility and Mainstay Candriam Alpha and Beta module to complement your research on Mainstay Candriam.
Symbol

Please note, there is a significant difference between Mainstay Candriam's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mainstay Candriam is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mainstay Candriam's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Mainstay Candriam '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 Candriam'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 Candriam.
0.00
06/03/2024
No Change 0.00  0.0 
In 5 months and 30 days
11/30/2024
0.00
If you would invest  0.00  in Mainstay Candriam on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Mainstay Candriam Emerging or generate 0.0% return on investment in Mainstay Candriam over 180 days. Mainstay Candriam is related to or competes with Mainstay Large, Mainstay Large, Mainstay Large, Mainstay Large, Mainstay Large, Mainstay Mackay, and Mainstay High. Under normal circumstances, the fund invests at least 80 percent of its assets in equity securities or equity-related se... More

Mainstay Candriam 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 Candriam'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 Candriam Emerging upside and downside potential and time the market with a certain degree of confidence.

Mainstay Candriam Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Mainstay Candriam's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mainstay Candriam's standard deviation. In reality, there are many statistical measures that can use Mainstay Candriam historical prices to predict the future Mainstay Candriam's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mainstay Candriam's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
9.1710.0110.85
Details
Intrinsic
Valuation
LowRealHigh
9.2210.0610.90
Details
Naive
Forecast
LowNextHigh
9.149.9810.82
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
9.9810.0610.13
Details

Mainstay Candriam Backtested Returns

At this stage we consider Mainstay Mutual Fund to be very steady. Mainstay Candriam has Sharpe Ratio of 0.0512, which conveys that the entity had a 0.0512% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Mainstay Candriam, which you can use to evaluate the volatility of the fund. Please verify Mainstay Candriam's Downside Deviation of 0.89, risk adjusted performance of 0.0179, and Mean Deviation of 0.681 to check out if the risk estimate we provide is consistent with the expected return of 0.043%. The fund secures a Beta (Market Risk) of 0.25, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Mainstay Candriam's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mainstay Candriam is expected to be smaller as well.

Auto-correlation

    
  0.29  

Poor predictability

Mainstay Candriam Emerging has poor predictability. Overlapping area represents the amount of predictability between Mainstay Candriam time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 Candriam price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current Mainstay Candriam price fluctuation can be explain by its past prices.
Correlation Coefficient0.29
Spearman Rank Test-0.13
Residual Average0.0
Price Variance0.11

Mainstay Candriam lagged returns against current returns

Autocorrelation, which is Mainstay Candriam 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 Candriam's mutual fund expected returns. We can calculate the autocorrelation of Mainstay Candriam returns to help us make a trade decision. For example, suppose you find that Mainstay Candriam 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 Candriam 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 Candriam mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mainstay Candriam 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 Candriam mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Mainstay Candriam Lagged Returns

When evaluating Mainstay Candriam's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mainstay Candriam mutual fund have on its future price. Mainstay Candriam 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 Candriam autocorrelation shows the relationship between Mainstay Candriam mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Mainstay Candriam Emerging.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Mainstay Mutual Fund

Mainstay Candriam 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 Candriam security.
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