Mainstay Moderate Allocation Fund Market Value
| MMRSX Fund | USD 14.92 0.04 0.27% |
| Symbol | Mainstay |
Mainstay Moderate '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 Moderate'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 Moderate.
| 10/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in Mainstay Moderate on October 3, 2024 and sell it all today you would earn a total of 0.00 from holding Mainstay Moderate Allocation or generate 0.0% return on investment in Mainstay Moderate over 60 days. Mainstay Moderate is related to or competes with Calamos Dynamic, Absolute Convertible, Gabelli Convertible, Lord Abbett, Fidelity Sai, Rational/pier, and Rationalpier. The fund is a fund of funds that seeks to achieve its investment objective by investing primarily in mutual funds and ET... More
Mainstay Moderate 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 Moderate'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 Moderate Allocation upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5031 | |||
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 2.0 | |||
| Value At Risk | (0.68) | |||
| Potential Upside | 0.6761 |
Mainstay Moderate Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mainstay Moderate's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mainstay Moderate's standard deviation. In reality, there are many statistical measures that can use Mainstay Moderate historical prices to predict the future Mainstay Moderate's volatility.| Risk Adjusted Performance | 0.091 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.16) | |||
| Treynor Ratio | 0.0956 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mainstay Moderate'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 Moderate Backtested Returns
At this stage we consider Mainstay Mutual Fund to be out of control. Mainstay Moderate 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-seven technical indicators for Mainstay Moderate, which you can use to evaluate the volatility of the fund. Please verify Mainstay Moderate's Risk Adjusted Performance of 0.091, mean deviation of 0.3522, and Downside Deviation of 0.5031 to check out if the risk estimate we provide is consistent with the expected return of 0.0716%. The fund secures a Beta (Market Risk) of 0.5, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Mainstay Moderate's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mainstay Moderate is expected to be smaller as well.
Auto-correlation | -0.64 |
Very good reverse predictability
Mainstay Moderate Allocation has very good reverse predictability. Overlapping area represents the amount of predictability between Mainstay Moderate time series from 3rd of October 2024 to 2nd of November 2024 and 2nd of November 2024 to 2nd of December 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 Moderate price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current Mainstay Moderate price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.64 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Mainstay Moderate lagged returns against current returns
Autocorrelation, which is Mainstay Moderate 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 Moderate's mutual fund expected returns. We can calculate the autocorrelation of Mainstay Moderate returns to help us make a trade decision. For example, suppose you find that Mainstay Moderate 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 Moderate 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 Moderate mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mainstay Moderate 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 Moderate mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Mainstay Moderate Lagged Returns
When evaluating Mainstay Moderate's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mainstay Moderate mutual fund have on its future price. Mainstay Moderate 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 Moderate autocorrelation shows the relationship between Mainstay Moderate mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Mainstay Moderate 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 Moderate 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 Moderate security.
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