Mainstay Total Correlations

Mutual Funds . USA . 
Fund . Mainstay Total Return
MTMIX Fund  USD 9.14  0.02  0.22%   
The current 90-days correlation between Mainstay Total Return and Mainstay Large Cap is 0.14 (i.e., Average 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.

Mainstay Total Correlation With Market

Modest diversification

The correlation between Mainstay Total Return and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mainstay Total Return 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 Total Return. 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 gross domestic product.

Moving together with Mainstay Mutual Fund

  0.73MLACX Mainstay Large CapPairCorr
  0.73MLAAX Mainstay Large CapPairCorr
  0.73MLAIX Mainstay Large CapPairCorr
  0.73MLRMX Mainstay Winslow LargePairCorr
  0.74MMPDX Mainstay Wmc ValuePairCorr
  0.74MMPCX Mainstay Map EquityPairCorr
  0.76MMRAX Mainstay ModeratePairCorr
  0.75MMRCX Mainstay ModeratePairCorr
  0.76MMRIX Mainstay ModeratePairCorr
  0.76MMRSX Mainstay ModeratePairCorr
  0.8MNERX Mainstay Conservative EtfPairCorr
  0.8MNEVX Mainstay Conservative EtfPairCorr
  0.64APSLX Mainstay Fiera SmidPairCorr
  0.8MNEAX Mainstay Conservative EtfPairCorr
  0.65APSDX Mainstay Fiera SmidPairCorr
  0.8MNELX Mainstay Conservative EtfPairCorr
  0.8MNEKX Mainstay Conservative EtfPairCorr
  0.77EPLPX Mainstay Epoch EquityPairCorr
  0.77EPLMX Mainstay Epoch EquityPairCorr
  0.77EPLKX Mainstay Epoch EquityPairCorr
  0.77EPLCX Mainstay Epoch EquityPairCorr
  0.66FCGYX Mainstay Pinestone GlobalPairCorr
  0.78EPSYX Mainstay Epoch GlobalPairCorr
  0.78EPSPX Mainstay Epoch GlobalPairCorr
  0.78EPSKX Mainstay Epoch GlobalPairCorr
  0.74MOEAX Mainstay Growth EtfPairCorr
  0.74MOECX Mainstay Growth EtfPairCorr
  0.74MOEIX Mainstay Growth EtfPairCorr
  0.74MOERX Mainstay Growth EtfPairCorr
  0.74MOEVX Mainstay Growth EtfPairCorr
  0.66FCUPX Mainstay Pinestone EquityPairCorr

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 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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
MLACX  0.81  0.20  0.16  0.33  0.59 
(1.01)
 2.62 
(1.48)
 5.67 
MLAAX  0.83  0.20  0.18  0.32  0.62 
(1.03)
 2.65 
(1.33)
 5.62 
MLAIX  0.83  0.20  0.18  0.32  0.61 
(1.01)
 2.62 
(1.30)
 5.64 
MLRMX  0.83  0.20  0.18  0.32  0.59 
(1.01)
 2.58 
(1.42)
 5.68 
MMHAX  0.19 (0.03) 0.00 (0.27) 0.00 
 0.00 
 0.45 
(0.44)
 1.42 
MMHDX  0.20 (0.03) 0.00 (0.38) 0.00 
 0.00 
 0.36 
(0.44)
 1.33 
MMHIX  0.20 (0.02) 0.00 (0.27) 0.00 
 0.00 
 0.45 
(0.44)
 1.42 
MMPDX  0.61  0.01 (0.02) 0.14  0.61 
(0.66)
 1.62 
(0.98)
 4.45 
MMPCX  0.60  0.00 (0.03) 0.13  0.63 
(0.68)
 1.61 
(0.97)
 4.45 
MMRAX  0.35  0.07  0.00  0.27  0.25 
(0.40)
 1.11 
(0.78)
 2.51 

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