Michael Welhoelter - Mainstay Epoch Fund Manager
| EPSYX Fund | USD 21.11 0.02 0.09% |
He is responsible for integrating risk management into the investment process. Prior to joining Epoch in 2005, he was a director and portfolio manager in the Quantitative Strategies Group at Columbia Management Group, Inc. Before that, he was at Credit Suisse Asset Management Group, where he was a portfolio manager in the Structured Equity group. Before joining CSAM, he was a portfolio manager and quantitative research analyst at ChancellorLGT Asset Management. Mike holds a BA in Computer and Information Science from Colgate University.
| Phone | 800-624-6782 |
Mainstay Epoch Management Performance (%)
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Mainstay Fund Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right mutual fund is not an easy task. Is Mainstay Epoch a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Price To Earning | 17.17 X | |||
| Price To Book | 2.38 X | |||
| Price To Sales | 1.68 X | |||
| Total Asset | 655.6 M | |||
| Annual Yield | 0.03 % | |||
| Year To Date Return | 2.64 % | |||
| One Year Return | 10.74 % | |||
| Three Year Return | 5.33 % | |||
| Five Year Return | 6.38 % | |||
| Ten Year Return | 7.42 % |
Pair Trading with Mainstay Epoch
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Mainstay Epoch position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Mainstay Epoch will appreciate offsetting losses from the drop in the long position's value.Moving together with Mainstay Mutual Fund
| 0.92 | MKHCX | Mainstay High Yield | PairCorr |
| 0.83 | MLACX | Mainstay Large Cap | PairCorr |
| 0.83 | MLABX | Mainstay Large Cap | PairCorr |
| 0.83 | MLAIX | Mainstay Large Cap | PairCorr |
The ability to find closely correlated positions to Mainstay Epoch could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mainstay Epoch when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Mainstay Epoch - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Mainstay Epoch Global to buy it.
The correlation of Mainstay Epoch 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Mainstay Epoch moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mainstay Epoch Global moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Mainstay Epoch can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Mainstay Epoch Global. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.