Mainstay Large Cap Fund Market Value
| MLRSX Fund | USD 14.22 0.06 0.42% |
| Symbol | Mainstay |
Mainstay Large '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 Large'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 Large.
| 12/04/2022 |
| 11/23/2024 |
If you would invest 0.00 in Mainstay Large on December 4, 2022 and sell it all today you would earn a total of 0.00 from holding Mainstay Large Cap or generate 0.0% return on investment in Mainstay Large over 720 days. Mainstay Large is related to or competes with Rbb Fund, Ms Global, Us Global, Dreyfus/standish, Ab Global, Kinetics Global, and Commonwealth Global. The fund invests at least 80 percent of its assets in large capitalization companies, which are companies having a marke... More
Mainstay Large 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 Large'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 Large Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.43 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 5.49 | |||
| Value At Risk | (2.23) | |||
| Potential Upside | 1.72 |
Mainstay Large Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mainstay Large's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mainstay Large's standard deviation. In reality, there are many statistical measures that can use Mainstay Large historical prices to predict the future Mainstay Large's volatility.| Risk Adjusted Performance | 0.0752 | |||
| Jensen Alpha | 0.11 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.98) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mainstay Large'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.
Mainstay Large Cap Backtested Returns
At this stage we consider Mainstay Mutual Fund to be very steady. Mainstay Large Cap has Sharpe Ratio of 0.12, which conveys that the entity had a 0.12% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Mainstay Large, which you can use to evaluate the volatility of the fund. Please verify Mainstay Large's Downside Deviation of 1.43, risk adjusted performance of 0.0752, and Mean Deviation of 0.8183 to check out if the risk estimate we provide is consistent with the expected return of 0.13%. The fund secures a Beta (Market Risk) of -0.0995, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Mainstay Large are expected to decrease at a much lower rate. During the bear market, Mainstay Large is likely to outperform the market.
Auto-correlation | 0.85 |
Very good predictability
Mainstay Large Cap has very good predictability. Overlapping area represents the amount of predictability between Mainstay Large time series from 4th of December 2022 to 29th of November 2023 and 29th of November 2023 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 Large Cap price movement. The serial correlation of 0.85 indicates that around 85.0% of current Mainstay Large price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.85 | |
| Spearman Rank Test | 0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 0.88 |
Mainstay Large Cap lagged returns against current returns
Autocorrelation, which is Mainstay Large 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 Large's mutual fund expected returns. We can calculate the autocorrelation of Mainstay Large returns to help us make a trade decision. For example, suppose you find that Mainstay Large 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 Large 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 Large mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mainstay Large 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 Large mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Mainstay Large Lagged Returns
When evaluating Mainstay Large's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mainstay Large mutual fund have on its future price. Mainstay Large 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 Large autocorrelation shows the relationship between Mainstay Large mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Mainstay Large Cap.
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 Large 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 Large security.
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
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| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated |