Mainstay Winslow Large Fund Market Value
| MLRMX Fund | USD 11.05 0.10 0.90% |
| Symbol | Mainstay |
Mainstay Winslow '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 Winslow'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 Winslow.
| 02/09/2023 |
| 11/30/2024 |
If you would invest 0.00 in Mainstay Winslow on February 9, 2023 and sell it all today you would earn a total of 0.00 from holding Mainstay Winslow Large or generate 0.0% return on investment in Mainstay Winslow over 660 days. Mainstay Winslow is related to or competes with Mainstay High, Mainstay Tax, Mainstay Income, Mainstay Large, Mainstay Large, Mainstay Large, and Mainstay Large. The fund invests at least 80 percent of its assets in large capitalization companies, which are companies having a marke... More
Mainstay Winslow 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 Winslow'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 Winslow Large upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.44 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 5.54 | |||
| Value At Risk | (2.25) | |||
| Potential Upside | 1.74 |
Mainstay Winslow Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mainstay Winslow's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mainstay Winslow's standard deviation. In reality, there are many statistical measures that can use Mainstay Winslow historical prices to predict the future Mainstay Winslow's volatility.| Risk Adjusted Performance | 0.086 | |||
| Jensen Alpha | 0.1233 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (1.44) |
Mainstay Winslow Large Backtested Returns
At this stage we consider Mainstay Mutual Fund to be very steady. Mainstay Winslow Large has Sharpe Ratio of 0.17, which conveys that the entity had a 0.17% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Mainstay Winslow, which you can use to evaluate the volatility of the fund. Please verify Mainstay Winslow's Risk Adjusted Performance of 0.086, mean deviation of 0.7946, and Downside Deviation of 1.44 to check out if the risk estimate we provide is consistent with the expected return of 0.18%. The fund secures a Beta (Market Risk) of -0.0785, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Mainstay Winslow are expected to decrease at a much lower rate. During the bear market, Mainstay Winslow is likely to outperform the market.
Auto-correlation | 0.72 |
Good predictability
Mainstay Winslow Large has good predictability. Overlapping area represents the amount of predictability between Mainstay Winslow time series from 9th of February 2023 to 5th of January 2024 and 5th of January 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 Winslow Large price movement. The serial correlation of 0.72 indicates that around 72.0% of current Mainstay Winslow price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.72 | |
| Spearman Rank Test | 0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 0.4 |
Mainstay Winslow Large lagged returns against current returns
Autocorrelation, which is Mainstay Winslow 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 Winslow's mutual fund expected returns. We can calculate the autocorrelation of Mainstay Winslow returns to help us make a trade decision. For example, suppose you find that Mainstay Winslow 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 Winslow 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 Winslow mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mainstay Winslow 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 Winslow mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Mainstay Winslow Lagged Returns
When evaluating Mainstay Winslow's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mainstay Winslow mutual fund have on its future price. Mainstay Winslow 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 Winslow autocorrelation shows the relationship between Mainstay Winslow mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Mainstay Winslow Large.
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 Winslow 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 Winslow security.
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