Mainstay Conservative Correlations
MCKIX Fund | USD 12.25 0.02 0.16% |
The current 90-days correlation between Mainstay Conservative and John Hancock Var is 0.54 (i.e., Very weak diversification). The correlation of Mainstay Conservative 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 Conservative Correlation With Market
Very weak diversification
The correlation between Mainstay Servative Allocation and DJI is 0.48 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mainstay Servative Allocation and DJI in the same portfolio, assuming nothing else is changed.
MAINSTAY |
Moving together with MAINSTAY Mutual Fund
0.98 | MLACX | Mainstay Large Cap | PairCorr |
0.88 | MLAAX | Mainstay Large Cap | PairCorr |
0.88 | MLAIX | Mainstay Large Cap | PairCorr |
0.98 | MLRMX | Mainstay Winslow Large | PairCorr |
0.62 | MMHIX | Mainstay High Yield | PairCorr |
0.98 | MMPDX | Mainstay Wmc Value | PairCorr |
0.98 | MMPCX | Mainstay Map Equity | PairCorr |
1.0 | MMRAX | Mainstay Moderate | PairCorr |
1.0 | MMRCX | Mainstay Moderate | PairCorr |
1.0 | MNERX | Mainstay Conservative Etf | PairCorr |
1.0 | MNEVX | Mainstay Conservative Etf | PairCorr |
1.0 | MNEAX | Mainstay Conservative Etf | PairCorr |
0.97 | APSDX | Mainstay Fiera Smid | PairCorr |
0.65 | MNELX | Mainstay Conservative Etf | PairCorr |
0.98 | EPLMX | Mainstay Epoch Equity | PairCorr |
0.98 | EPLKX | Mainstay Epoch Equity | PairCorr |
0.98 | EPLCX | Mainstay Epoch Equity | PairCorr |
0.89 | EPSYX | Mainstay Epoch Global | PairCorr |
0.88 | EPSPX | Mainstay Epoch Global | PairCorr |
0.99 | EPSKX | Mainstay Epoch Global | PairCorr |
0.85 | FCICX | Mainstay Pinestone | PairCorr |
0.89 | MOEAX | Mainstay Growth Etf | PairCorr |
0.99 | MOECX | Mainstay Growth Etf | PairCorr |
0.99 | MOEIX | Mainstay Growth Etf | PairCorr |
0.89 | MOERX | Mainstay Growth Etf | PairCorr |
0.99 | MOEVX | Mainstay Growth Etf | PairCorr |
0.93 | FCUPX | Mainstay Pinestone Equity | PairCorr |
0.93 | FCUDX | Mainstay Pinestone Equity | PairCorr |
0.92 | FCUCX | Mainstay Pinestone Equity | PairCorr |
0.83 | MOPAX | Mainstay Epoch Small | PairCorr |
0.87 | VCRCX | Mainstay Cbre Global | PairCorr |
0.82 | VCRAX | Voya Cbre Global | PairCorr |
0.82 | VCRIX | Voya Cbre Global | PairCorr |
0.98 | MAPAX | Mainstay Map Equity | PairCorr |
0.93 | MASAX | Mainstay Unconstrained | PairCorr |
0.68 | MSOAX | Mainstay Mon Stock | PairCorr |
0.98 | MSPIX | Mainstay Sp 500 | PairCorr |
Related Correlations Analysis
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between MAINSTAY Mutual Fund performing well and Mainstay Conservative 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 Conservative'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.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
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JEHSX | 1.18 | (0.10) | 0.00 | (0.05) | 0.00 | 2.28 | 9.82 | |||
SWHFX | 1.04 | (0.06) | 0.00 | 0.52 | 0.00 | 1.70 | 7.05 | |||
AHSCX | 0.86 | (0.01) | 0.00 | 0.19 | 0.00 | 1.42 | 6.51 | |||
GTHCX | 0.96 | (0.09) | 0.00 | (0.04) | 0.00 | 1.66 | 7.55 | |||
HHCZX | 0.23 | 0.03 | (0.10) | 0.22 | 0.20 | 0.54 | 1.99 | |||
RAGHX | 1.12 | (0.01) | 0.00 | 0.15 | 0.00 | 2.15 | 9.59 | |||
VGHCX | 1.09 | (0.04) | 0.00 | 0.34 | 0.00 | 1.91 | 7.19 |