Mainstay Indexed Correlations

Mutual Funds USA . 
Fund . Mainstay Indexed Bond
MIXNX Fund  USD 9.22  0.01  0.11%   
The current 90-days correlation between Mainstay Indexed Bond and Global Technology Portfolio is -0.23 (i.e., Very good diversification). The correlation of Mainstay Indexed 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 Indexed Correlation With Market

Average diversification

The correlation between Mainstay Indexed Bond and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mainstay Indexed Bond 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 Indexed Bond. 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 board of governors.

Moving together with Mainstay Mutual Fund

  0.62MKINX Mainstay Tax FreePairCorr
  0.83MLGRX Mainstay Large CapPairCorr
  0.83MLINX Mainstay Large CapPairCorr
  0.83MLRTX Mainstay Large CapPairCorr
  0.83MLRSX Mainstay Large CapPairCorr
  0.83MLRRX Mainstay Large CapPairCorr
  0.84MMRDX Mainstay ModeratePairCorr
  0.86EPLIX Mainstay Epoch EquityPairCorr
  0.88EPLDX Mainstay Epoch EquityPairCorr
  0.88EPSRX Mainstay Epoch GlobalPairCorr
  0.88EPSIX Mainstay Epoch GlobalPairCorr
  0.83MOINX Mainstay Epoch SmallPairCorr
  0.77VCRVX Mainstay Cbre GlobalPairCorr
  0.78VCRQX Mainstay Cbre GlobalPairCorr
  0.82MSMIX Mainstay Map EquityPairCorr
  0.86MBERX Mainstay BalancedPairCorr
  0.96MSYEX Mainstay Mackay UncoPairCorr
  0.96MSYDX Mainstay UnconstrainedPairCorr
  0.87MBINX Mainstay BalancedPairCorr
  0.82ICELX Mainstay Epoch InterPairCorr
  0.62MTBDX Mainstay Mackay TaxPairCorr
  0.82MTFEX Mainstay Mackay StrategicPairCorr
  0.83MTFDX Mainstay Mackay StrategicPairCorr
  0.84MTFHX Mainstay Mackay StrategicPairCorr
  0.84MTFFX Mainstay Mackay StrategicPairCorr
  0.89MTINX Mainstay Income BuilderPairCorr
  0.89MTMNX Mainstay Total ReturnPairCorr
  0.89MTODX Mainstay Income BuilderPairCorr
  0.91MTRDX Mainstay Total ReturnPairCorr
  0.83KLGNX Mainstay Nerstone GrowthPairCorr
  0.84MCINX Mainstay ConvertiblePairCorr
  0.87MCKNX Mainstay ConservativePairCorr
  0.89MCYAX Mainstay CandriamPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Mainstay Mutual Fund performing well and Mainstay Indexed 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 Indexed'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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