Mainstay Total Correlations

Mutual Funds USA . 
Fund . Mainstay Total Return
MTMAX Fund  USD 9.32  0.02  0.22%   
The current 90-days correlation between Mainstay Total Return and Vanguard Short Term Treasury is -0.05 (i.e., Good diversification). The correlation of Mainstay Total 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.
  
Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Mainstay Mutual Fund

  0.98DOXIX Dodge Cox IncomePairCorr
  0.97MWTNX Metropolitan West TotalPairCorr
  0.97MWTSX Metropolitan West TotalPairCorr
  0.93PTTPX Pimco Total ReturnPairCorr
  0.95PTRRX Total ReturnPairCorr
  0.95PTRAX Total ReturnPairCorr
  0.94PTTRX Total ReturnPairCorr
  0.96FIWGX Strategic AdvisersPairCorr
  0.98DODIX Dodge IncomePairCorr
  0.97MWTIX Metropolitan West TotalPairCorr
  0.69FTCAX Templeton Strained BondPairCorr
  0.66GPICX Guidepath ConservativePairCorr
  0.87FPXIX Fidelity Advisor 529PairCorr

Moving against Mainstay Mutual Fund

  0.68USPSX Profunds Ultrashort Downward RallyPairCorr
  0.66USPIX Profunds Ultrashort Downward RallyPairCorr
  0.5PDI Pimco Dynamic IncomePairCorr
  0.55T ATT IncPairCorr
  0.5BA BoeingPairCorr
  0.46CVX Chevron Corp Sell-off TrendPairCorr
  0.38HD Home DepotPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY