Mainstay Common Correlations

Mutual Funds . USA . 
Fund . Mainstay Mon Stock
MCSSX Fund  USD 39.74  0.07  0.18%   
The correlation of Mainstay Common 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 Common Correlation With Market

Good diversification

The correlation between Mainstay Mon Stock and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mainstay Mon Stock and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mainstay Mon Stock. 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 state.

Moving together with Mainstay Mutual Fund

  0.63MMHVX Mainstay High YieldPairCorr
  0.62EPLIX Mainstay Epoch EquityPairCorr
  0.63MOINX Mainstay Epoch SmallPairCorr
  0.72MSCVX Mainstay California TaxPairCorr
  0.66MSMIX Mainstay Map EquityPairCorr
  0.68MSODX Mainstay Mackay CaliPairCorr
  0.62MTBDX Mainstay Mackay TaxPairCorr
  0.62MTFEX Mainstay Mackay StrategicPairCorr
  0.62MTFDX Mainstay Mackay StrategicPairCorr
  0.62KLGNX Mainstay Nerstone GrowthPairCorr
  0.61MCINX Mainstay ConvertiblePairCorr
  0.62MCKNX Mainstay ConservativePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Mainstay Mutual Fund performing well and Mainstay Common 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 Common'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
MKINX  0.13 (0.01)(0.58) 0.01  0.10 
(0.21)
 0.34 
(0.33)
 1.00 
MLGRX  0.77  0.42  0.39  10.90  0.00 
(0.99)
 2.52 
(0.94)
 5.74 
MLINX  0.78  0.33  0.39  0.54  0.00 
(1.01)
 2.55 
(1.03)
 5.60 
MLRTX  0.78  0.43  0.39  123.02  0.00 
(1.06)
 2.59 
(1.11)
 5.53 
MLRSX  0.83  0.20  0.19  0.33  0.62 
(0.99)
 2.57 
(1.34)
 5.60 
MLRRX  0.78  0.43  0.39  10.96  0.00 
(1.01)
 2.61 
(1.03)
 5.60 
MMHEX  0.19 (0.03) 0.00 (0.28) 0.00 
 0.00 
 0.45 
(0.45)
 1.51 
MMHVX  0.20  0.01 (0.41)(0.03) 0.22 
(0.27)
 0.53 
(0.44)
 1.97 
MMRDX  0.35  0.07  0.00  0.27  0.25 
(0.38)
 1.03 
(0.84)
 2.50 
MNODX  0.17 (0.02) 0.00 (0.27) 0.00 
 0.00 
 0.44 
(0.33)
 1.20 

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