Mainstay Map Equity Fund Market Value
| MUBFX Fund | USD 35.67 0.02 0.06% |
| Symbol | Mainstay |
Mainstay Map '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 Map'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 Map.
| 08/31/2024 |
| 11/29/2024 |
If you would invest 0.00 in Mainstay Map on August 31, 2024 and sell it all today you would earn a total of 0.00 from holding Mainstay Map Equity or generate 0.0% return on investment in Mainstay Map over 90 days. Mainstay Map is related to or competes with Ab Bond, Versatile Bond, Multisector Bond, Inflation-protected, Ms Global, Thrivent Income, and Federated Ultrashort. The fund invests in equity securities issued by companies of any size or market capitalization range More
Mainstay Map 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 Map'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 Map Equity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5511 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 3.94 | |||
| Value At Risk | (0.79) | |||
| Potential Upside | 1.03 |
Mainstay Map Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mainstay Map's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mainstay Map's standard deviation. In reality, there are many statistical measures that can use Mainstay Map historical prices to predict the future Mainstay Map's volatility.| Risk Adjusted Performance | 0.1035 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.1018 |
Mainstay Map Equity Backtested Returns
At this stage we consider Mainstay Mutual Fund to be very steady. Mainstay Map Equity has Sharpe Ratio of 0.15, which conveys that the entity had a 0.15% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Mainstay Map, which you can use to evaluate the volatility of the fund. Please verify Mainstay Map's Downside Deviation of 0.5511, risk adjusted performance of 0.1035, and Mean Deviation of 0.5053 to check out if the risk estimate we provide is consistent with the expected return of 0.099%. The fund secures a Beta (Market Risk) of 0.81, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Mainstay Map's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mainstay Map is expected to be smaller as well.
Auto-correlation | 0.54 |
Modest predictability
Mainstay Map Equity has modest predictability. Overlapping area represents the amount of predictability between Mainstay Map time series from 31st of August 2024 to 15th of October 2024 and 15th of October 2024 to 29th 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 Map Equity price movement. The serial correlation of 0.54 indicates that about 54.0% of current Mainstay Map price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.26 |
Mainstay Map Equity lagged returns against current returns
Autocorrelation, which is Mainstay Map 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 Map's mutual fund expected returns. We can calculate the autocorrelation of Mainstay Map returns to help us make a trade decision. For example, suppose you find that Mainstay Map 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 Map 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 Map mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mainstay Map 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 Map mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Mainstay Map Lagged Returns
When evaluating Mainstay Map's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mainstay Map mutual fund have on its future price. Mainstay Map 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 Map autocorrelation shows the relationship between Mainstay Map mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Mainstay Map Equity.
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 Map 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 Map security.
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume |