Mainstay Cushing Correlations

Mutual Funds . USA . 
Fund . Mainstay Cushing Mlp
CSHAX Fund  USD 11.41  0.23  2.06%   
The current 90-days correlation between Mainstay Cushing Mlp and Morningstar Aggressive Growth is 0.5 (i.e., Very weak diversification). The correlation of Mainstay Cushing is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Mainstay Cushing Correlation With Market

Weak diversification

The correlation between Mainstay Cushing Mlp and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mainstay Cushing Mlp and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Mainstay Cushing Mlp. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Mainstay Mutual Fund

  0.87MLACX Mainstay Large CapPairCorr
  0.88MLAAX Mainstay Large CapPairCorr
  0.88MLAIX Mainstay Large CapPairCorr
  0.88MLRMX Mainstay Winslow LargePairCorr
  0.87MMPDX Mainstay Wmc ValuePairCorr
  0.87MMPCX Mainstay Map EquityPairCorr
  0.86MMRAX Mainstay ModeratePairCorr
  0.86MMRCX Mainstay ModeratePairCorr
  0.86MMRIX Mainstay ModeratePairCorr
  0.86MMRSX Mainstay ModeratePairCorr
  0.87MNERX Mainstay Conservative EtfPairCorr
  0.86MNEVX Mainstay Conservative EtfPairCorr
  0.86APSLX Mainstay Fiera SmidPairCorr
  0.87MNEAX Mainstay Conservative EtfPairCorr
  0.86APSDX Mainstay Fiera SmidPairCorr
  0.86MNELX Mainstay Conservative EtfPairCorr
  0.87MNEKX Mainstay Conservative EtfPairCorr
  0.84EPLPX Mainstay Epoch EquityPairCorr
  0.84EPLMX Mainstay Epoch EquityPairCorr
  0.84EPLKX Mainstay Epoch EquityPairCorr
  0.84EPLCX Mainstay Epoch EquityPairCorr
  0.8FCGYX Mainstay Pinestone GlobalPairCorr
  0.86EPSYX Mainstay Epoch GlobalPairCorr
  0.86EPSPX Mainstay Epoch GlobalPairCorr
  0.86EPSKX Mainstay Epoch GlobalPairCorr
  0.77FCIKX Mainstay PinestonePairCorr
  0.77FCICX Mainstay PinestonePairCorr
  0.86MOEAX Mainstay Growth EtfPairCorr
  0.86MOECX Mainstay Growth EtfPairCorr
  0.86MOEIX Mainstay Growth EtfPairCorr
  0.86MOERX Mainstay Growth EtfPairCorr
  0.86MOEVX Mainstay Growth EtfPairCorr
  0.76FCUPX Mainstay Pinestone EquityPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Mainstay Mutual Fund performing well and Mainstay Cushing Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Mainstay Cushing's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

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