Mainstay Common Correlations

Mutual Funds . USA . 
Fund . Mainstay Mon Stock
MSOAX Fund  USD 39.79  0.07  0.18%   
The current 90-days correlation between Mainstay Mon Stock and Voya Solution Conservative is 0.79 (i.e., Poor diversification). 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 nation.

Moving together with Mainstay Mutual Fund

  0.62MLACX Mainstay Large CapPairCorr
  0.62MLAAX Mainstay Large CapPairCorr
  0.64MMHAX Mainstay High YieldPairCorr
  0.61MMPDX Mainstay Wmc ValuePairCorr
  0.68MMPCX Mainstay Map EquityPairCorr
  0.65MMRAX Mainstay ModeratePairCorr
  0.66MMRCX Mainstay ModeratePairCorr
  0.65MMRIX Mainstay ModeratePairCorr
  0.65MMRSX Mainstay ModeratePairCorr
  0.62MNERX Mainstay Conservative EtfPairCorr
  0.67APSLX Mainstay Fiera SmidPairCorr
  0.62MNEAX Mainstay Conservative EtfPairCorr
  0.67APSDX Mainstay Fiera SmidPairCorr
  0.62MNEKX Mainstay Conservative EtfPairCorr
  0.63MNOAX Mainstay New YorkPairCorr
  0.62MNOLX Mainstay Mackay NewPairCorr
  0.63EPLPX Mainstay Epoch EquityPairCorr
  0.7FCGYX Mainstay Pinestone GlobalPairCorr
  0.76FCIKX Mainstay PinestonePairCorr
  0.75FCICX Mainstay PinestonePairCorr
  0.64MOEAX Mainstay Growth EtfPairCorr
  0.61MOECX Mainstay Growth EtfPairCorr
  0.61MOERX Mainstay Growth EtfPairCorr
  0.61MOEVX Mainstay Growth EtfPairCorr
  0.7FCUPX 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 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.

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