Mainstay Government Fund Market Value
| MGVNX Fund | USD 7.57 0.03 0.40% |
| Symbol | Mainstay |
Mainstay Government '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 Government'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 Government.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Mainstay Government on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Mainstay Government Fund or generate 0.0% return on investment in Mainstay Government over 180 days. Mainstay Government is related to or competes with Mainstay Tax, Mainstay Large, Mainstay Large, Mainstay Large, Mainstay Large, Mainstay Large, and Mainstay Mackay. The fund, under normal circumstances, invests at least 80 percent of its assets in an actively managed, diversified port... More
Mainstay Government 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 Government'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 Government Fund upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.45) | |||
| Maximum Drawdown | 1.59 | |||
| Value At Risk | (0.53) | |||
| Potential Upside | 0.4016 |
Mainstay Government Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mainstay Government's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mainstay Government's standard deviation. In reality, there are many statistical measures that can use Mainstay Government historical prices to predict the future Mainstay Government's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | 0.1426 |
Mainstay Government Backtested Returns
Mainstay Government has Sharpe Ratio of -0.0387, which conveys that the entity had a -0.0387% return per unit of risk over the last 3 months. Mainstay Government exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mainstay Government's Risk Adjusted Performance of (0.03), standard deviation of 0.3199, and Mean Deviation of 0.2309 to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of -0.11, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Mainstay Government are expected to decrease at a much lower rate. During the bear market, Mainstay Government is likely to outperform the market.
Auto-correlation | -0.81 |
Excellent reverse predictability
Mainstay Government Fund has excellent reverse predictability. Overlapping area represents the amount of predictability between Mainstay Government 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 Government price movement. The serial correlation of -0.81 indicates that around 81.0% of current Mainstay Government price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.81 | |
| Spearman Rank Test | -0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Mainstay Government lagged returns against current returns
Autocorrelation, which is Mainstay Government 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 Government's mutual fund expected returns. We can calculate the autocorrelation of Mainstay Government returns to help us make a trade decision. For example, suppose you find that Mainstay Government 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 Government 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 Government mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mainstay Government 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 Government mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Mainstay Government Lagged Returns
When evaluating Mainstay Government's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mainstay Government mutual fund have on its future price. Mainstay Government 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 Government autocorrelation shows the relationship between Mainstay Government mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Mainstay Government 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 Government 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 Government security.
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