Mainstay Income Builder Fund Market Value
| MTODX Fund | USD 21.33 0.02 0.09% |
| Symbol | Mainstay |
Mainstay Income '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 Income'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 Income.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Mainstay Income on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Mainstay Income Builder or generate 0.0% return on investment in Mainstay Income over 720 days. Mainstay Income is related to or competes with Shelton Emerging, T Rowe, Federated Emerging, Black Oak, Vanguard Emerging, and Rbc Emerging. The fund normally invests a minimum of 30 percent of its net assets in equity securities and a minimum of 30 percent of ... More
Mainstay Income 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 Income'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 Income Builder upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4982 | |||
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 1.9 | |||
| Value At Risk | (0.89) | |||
| Potential Upside | 0.7655 |
Mainstay Income Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mainstay Income's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mainstay Income's standard deviation. In reality, there are many statistical measures that can use Mainstay Income historical prices to predict the future Mainstay Income's volatility.| Risk Adjusted Performance | 0.0433 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.20) | |||
| Treynor Ratio | 0.0408 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mainstay Income'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 Income Builder Backtested Returns
At this stage we consider Mainstay Mutual Fund to be very steady. Mainstay Income Builder has Sharpe Ratio of 0.0449, which conveys that the entity had a 0.0449% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Mainstay Income, which you can use to evaluate the volatility of the fund. Please verify Mainstay Income's Risk Adjusted Performance of 0.0433, downside deviation of 0.4982, and Mean Deviation of 0.3748 to check out if the risk estimate we provide is consistent with the expected return of 0.0213%. 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 Income's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mainstay Income is expected to be smaller as well.
Auto-correlation | -0.05 |
Very weak reverse predictability
Mainstay Income Builder has very weak reverse predictability. Overlapping area represents the amount of predictability between Mainstay Income time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th 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 Income Builder price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current Mainstay Income price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 1.13 |
Mainstay Income Builder lagged returns against current returns
Autocorrelation, which is Mainstay Income 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 Income's mutual fund expected returns. We can calculate the autocorrelation of Mainstay Income returns to help us make a trade decision. For example, suppose you find that Mainstay Income 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 Income 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 Income mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mainstay Income 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 Income mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Mainstay Income Lagged Returns
When evaluating Mainstay Income's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mainstay Income mutual fund have on its future price. Mainstay Income 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 Income autocorrelation shows the relationship between Mainstay Income mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Mainstay Income Builder.
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 Income 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 Income security.
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