Mainstay Large Cap Fund Market Value
| MLRRX Fund | USD 11.12 0.21 1.85% |
| Symbol | Mainstay |
Mainstay Large 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Mainstay Large's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Mainstay Large.
| 02/16/2024 |
| 04/16/2024 |
If you would invest 0.00 in Mainstay Large on February 16, 2024 and sell it all today you would earn a total of 0.00 from holding Mainstay Large Cap or generate 0.0% return on investment in Mainstay Large over 60 days. Mainstay Large is related to or competes with Mainstay Tax, Mainstay Mackay, Mainstay Moderate, Mainstay Mackay, and Mainstay New. The fund invests at least 80 percent of its assets in large capitalization companies, which are companies having a marke... More
Mainstay Large Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Mainstay Large's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Mainstay Large Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9124 | |||
| Information Ratio | 0.0745 | |||
| Maximum Drawdown | 5.32 | |||
| Value At Risk | (1.67) | |||
| Potential Upside | 1.87 |
Mainstay Large Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mainstay Large's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mainstay Large's standard deviation. In reality, there are many statistical measures that can use Mainstay Large historical prices to predict the future Mainstay Large's volatility.| Risk Adjusted Performance | 0.0876 | |||
| Jensen Alpha | 0.074 | |||
| Total Risk Alpha | 0.0425 | |||
| Sortino Ratio | 0.0875 | |||
| Treynor Ratio | 0.1193 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mainstay Large's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Mainstay Large Cap Backtested Returns
We consider Mainstay Large very steady. Mainstay Large Cap has Sharpe Ratio of 0.14, which conveys that the entity had a 0.14% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Mainstay Large, which you can use to evaluate the volatility of the fund. Please verify Mainstay Large's Risk Adjusted Performance of 0.0876, downside deviation of 0.9124, and Mean Deviation of 0.8175 to check out if the risk estimate we provide is consistent with the expected return of 0.15%. The fund secures a Beta (Market Risk) of 1.11, which conveys a somewhat significant risk relative to the market. Mainstay Large returns are very sensitive to returns on the market. As the market goes up or down, Mainstay Large is expected to follow.
Auto-correlation | 0.10 |
Insignificant predictability
Mainstay Large Cap has insignificant predictability. Overlapping area represents the amount of predictability between Mainstay Large time series from 16th of February 2024 to 17th of March 2024 and 17th of March 2024 to 16th of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Mainstay Large Cap price movement. The serial correlation of 0.1 indicates that less than 10.0% of current Mainstay Large price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | -0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Mainstay Large Cap lagged returns against current returns
Autocorrelation, which is Mainstay Large mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Mainstay Large's mutual fund expected returns. We can calculate the autocorrelation of Mainstay Large returns to help us make a trade decision. For example, suppose you find that Mainstay Large has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Mainstay Large regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Mainstay Large mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mainstay Large mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mainstay Large mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Mainstay Large Lagged Returns
When evaluating Mainstay Large's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mainstay Large mutual fund have on its future price. Mainstay Large autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Mainstay Large autocorrelation shows the relationship between Mainstay Large mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Mainstay Large Cap.
Regressed Prices |
| Timeline |
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Mainstay Large technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.