Mainstay Growth Allocation Fund Alpha and Beta Analysis
| MGXIX Fund | USD 18.59 0.16 0.87% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Mainstay Growth Allocation. It also helps investors analyze the systematic and unsystematic risks associated with investing in Mainstay Growth over a specified time horizon. Remember, high Mainstay Growth's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Mainstay Growth's market risk premium analysis include:
Beta 0.85 | Alpha (0.02) | Risk 0.72 | Sharpe Ratio 0.1 | Expected Return 0.073 |
Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
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Mainstay Growth Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Mainstay Growth market risk premium is the additional return an investor will receive from holding Mainstay Growth long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Mainstay Growth. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Mainstay Growth's performance over market.| α | -0.02 | β | 0.85 |
Mainstay Growth expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Mainstay Growth's Buy-and-hold return. Our buy-and-hold chart shows how Mainstay Growth performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Mainstay Growth Market Price Analysis
Market price analysis indicators help investors to evaluate how Mainstay Growth mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Mainstay Growth shares will generate the highest return on investment. By understating and applying Mainstay Growth mutual fund market price indicators, traders can identify Mainstay Growth position entry and exit signals to maximize returns.
Mainstay Growth Return and Market Media
The median price of Mainstay Growth for the period between Tue, Aug 27, 2024 and Mon, Nov 25, 2024 is 18.02 with a coefficient of variation of 1.84. The daily time series for the period is distributed with a sample standard deviation of 0.33, arithmetic mean of 17.98, and mean deviation of 0.26. The Fund did not receive any noticable media coverage during the period. Price Growth (%) |
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About Mainstay Growth Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Mainstay or other funds. Alpha measures the amount that position in Mainstay Growth Allo has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Mainstay Growth in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Mainstay Growth's short interest history, or implied volatility extrapolated from Mainstay Growth options trading.
Build Portfolio with Mainstay Growth
Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.Build Diversified Portfolios
Align your risk with return expectations
Other Information on Investing in Mainstay Mutual Fund
Mainstay Growth 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 Growth security.
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