Mainstay Conservative Etf Market Value

MNEAX Fund  USD 10.46  0.06  0.58%   
Mainstay Conservative's market value is the price at which a share of Mainstay Conservative trades on a public exchange. It measures the collective expectations of Mainstay Conservative Etf investors about its performance. Mainstay Conservative is trading at 10.46 as of the 13th of April 2024; that is 0.58 percent up since the beginning of the trading day. The fund's open price was 10.4.
With this module, you can estimate the performance of a buy and hold strategy of Mainstay Conservative Etf and determine expected loss or profit from investing in Mainstay Conservative over a given investment horizon. Check out Mainstay Conservative Correlation, Mainstay Conservative Volatility and Mainstay Conservative Alpha and Beta module to complement your research on Mainstay Conservative.
Symbol

Please note, there is a significant difference between Mainstay Conservative's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mainstay Conservative is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mainstay Conservative's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Mainstay Conservative '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 Conservative'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 Conservative.
0.00
03/14/2024
No Change 0.00  0.0 
In 31 days
04/13/2024
0.00
If you would invest  0.00  in Mainstay Conservative on March 14, 2024 and sell it all today you would earn a total of 0.00 from holding Mainstay Conservative Etf or generate 0.0% return on investment in Mainstay Conservative over 30 days. Mainstay Conservative is related to or competes with Mainstay High, Mainstay Large, Mainstay Large, Mainstay Large, Mainstay Large, Mainstay Winslow, and Mainstay High. The fund is a fund of funds that seeks to achieve its investment objective by investing in unaffiliated passively-manage... More

Mainstay Conservative 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 Conservative'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 Conservative Etf upside and downside potential and time the market with a certain degree of confidence.

Mainstay Conservative Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Mainstay Conservative's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mainstay Conservative's standard deviation. In reality, there are many statistical measures that can use Mainstay Conservative historical prices to predict the future Mainstay Conservative's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mainstay Conservative'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.
Hype
Prediction
LowEstimatedHigh
9.9710.4610.95
Details
Intrinsic
Valuation
LowRealHigh
9.8210.3110.80
Details
Naive
Forecast
LowNextHigh
10.2310.7111.20
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
10.3610.4610.57
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Mainstay Conservative. Your research has to be compared to or analyzed against Mainstay Conservative's peers to derive any actionable benefits. When done correctly, Mainstay Conservative's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Mainstay Conservative Etf.

Mainstay Conservative Etf Backtested Returns

We consider Mainstay Conservative very steady. Mainstay Conservative Etf has Sharpe Ratio of 0.066, which conveys that the entity had a 0.066% return per unit of risk over the last 17 months. We have found twenty-eight technical indicators for Mainstay Conservative, which you can use to evaluate the volatility of the fund. Please verify Mainstay Conservative's Mean Deviation of 0.396, risk adjusted performance of 0.0684, and Downside Deviation of 0.5035 to check out if the risk estimate we provide is consistent with the expected return of 0.032%. The fund secures a Beta (Market Risk) of 0.02, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Mainstay Conservative's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mainstay Conservative is expected to be smaller as well.

Auto-correlation

    
  -0.75  

Almost perfect reverse predictability

Mainstay Conservative Etf has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Mainstay Conservative time series from 14th of March 2024 to 29th of March 2024 and 29th of March 2024 to 13th 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 Conservative Etf price movement. The serial correlation of -0.75 indicates that around 75.0% of current Mainstay Conservative price fluctuation can be explain by its past prices.
Correlation Coefficient-0.75
Spearman Rank Test-0.57
Residual Average0.0
Price Variance0.0

Mainstay Conservative Etf lagged returns against current returns

Autocorrelation, which is Mainstay Conservative 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 Conservative's mutual fund expected returns. We can calculate the autocorrelation of Mainstay Conservative returns to help us make a trade decision. For example, suppose you find that Mainstay Conservative 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 Conservative 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 Conservative mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mainstay Conservative 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 Conservative mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Mainstay Conservative Lagged Returns

When evaluating Mainstay Conservative's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mainstay Conservative mutual fund have on its future price. Mainstay Conservative 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 Conservative autocorrelation shows the relationship between Mainstay Conservative mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Mainstay Conservative Etf.
   Regressed Prices   
       Timeline  

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.

Try AI Portfolio Architect
Check out Mainstay Conservative Correlation, Mainstay Conservative Volatility and Mainstay Conservative Alpha and Beta module to complement your research on Mainstay Conservative.
Note that the Mainstay Conservative Etf information on this page should be used as a complementary analysis to other Mainstay Conservative'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 Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
Mainstay Conservative 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.
A focus of Mainstay Conservative technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Mainstay Conservative trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...