Mainstay Nerstone Growth Fund Market Value
| KLGAX Fund | USD 43.58 0.09 0.21% |
| Symbol | Mainstay |
Mainstay Cornerstone '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 Cornerstone'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 Cornerstone.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Mainstay Cornerstone on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Mainstay Nerstone Growth or generate 0.0% return on investment in Mainstay Cornerstone over 30 days. Mainstay Cornerstone is related to or competes with Amana Income, Amana Income, Amana Developing, and Amana Developing. The fund invests primarily in stocks of large-capitalization U.S More
Mainstay Cornerstone 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 Cornerstone'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 Nerstone Growth upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.977 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 5.26 | |||
| Value At Risk | (1.63) | |||
| Potential Upside | 1.83 |
Mainstay Cornerstone Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mainstay Cornerstone's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mainstay Cornerstone's standard deviation. In reality, there are many statistical measures that can use Mainstay Cornerstone historical prices to predict the future Mainstay Cornerstone's volatility.| Risk Adjusted Performance | 0.0581 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.0705 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mainstay Cornerstone'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 Nerstone Growth Backtested Returns
We consider Mainstay Cornerstone out of control. Mainstay Nerstone Growth has Sharpe Ratio of 0.0613, which conveys that the entity had a 0.0613% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Mainstay Cornerstone, which you can use to evaluate the volatility of the fund. Please verify Mainstay Cornerstone's Mean Deviation of 0.8033, downside deviation of 0.977, and Risk Adjusted Performance of 0.0581 to check out if the risk estimate we provide is consistent with the expected return of 0.066%. The fund secures a Beta (Market Risk) of 1.14, which conveys a somewhat significant risk relative to the market. Mainstay Cornerstone returns are very sensitive to returns on the market. As the market goes up or down, Mainstay Cornerstone is expected to follow.
Auto-correlation | 0.10 |
Insignificant predictability
Mainstay Nerstone Growth has insignificant predictability. Overlapping area represents the amount of predictability between Mainstay Cornerstone time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th 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 Nerstone Growth price movement. The serial correlation of 0.1 indicates that less than 10.0% of current Mainstay Cornerstone price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.66 |
Mainstay Nerstone Growth lagged returns against current returns
Autocorrelation, which is Mainstay Cornerstone 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 Cornerstone's mutual fund expected returns. We can calculate the autocorrelation of Mainstay Cornerstone returns to help us make a trade decision. For example, suppose you find that Mainstay Cornerstone 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 Cornerstone 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 Cornerstone mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mainstay Cornerstone 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 Cornerstone mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Mainstay Cornerstone Lagged Returns
When evaluating Mainstay Cornerstone's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mainstay Cornerstone mutual fund have on its future price. Mainstay Cornerstone 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 Cornerstone autocorrelation shows the relationship between Mainstay Cornerstone mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Mainstay Nerstone Growth.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out Mainstay Cornerstone Correlation, Mainstay Cornerstone Volatility and Mainstay Cornerstone Alpha and Beta module to complement your research on Mainstay Cornerstone. Note that the Mainstay Nerstone Growth information on this page should be used as a complementary analysis to other Mainstay Cornerstone's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Mainstay Cornerstone 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.