Mainstay Government Liquidity Fund Market Value
| MUSXX Fund | USD 1.00 0.00 0.00% |
| Symbol | Mainstay |
Please note, there is a significant difference between Mainstay's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mainstay is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mainstay'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 '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's money market 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.
| 07/28/2023 |
| 04/23/2024 |
If you would invest 0.00 in Mainstay on July 28, 2023 and sell it all today you would earn a total of 0.00 from holding Mainstay Government Liquidity or generate 0.0% return on investment in Mainstay over 270 days. Mainstay is related to or competes with IShares International, and Merck. Mainstay is entity of United States. It is traded as Fund on NMFQS exchange. More
Mainstay 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's money market 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 Government Liquidity upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 81.34 | |||
| Value At Risk | (0.19) | |||
| Potential Upside | 0.1908 |
Mainstay Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mainstay's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mainstay's standard deviation. In reality, there are many statistical measures that can use Mainstay historical prices to predict the future Mainstay's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (1.41) | |||
| Total Risk Alpha | (2.46) | |||
| Treynor Ratio | (0.55) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mainstay'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 Government Backtested Returns
Mainstay Government has Sharpe Ratio of -0.13, which conveys that the entity had a -0.13% return per unit of risk over the last 3 months. Mainstay exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mainstay's Mean Deviation of 2.42, risk adjusted performance of (0.07), and Standard Deviation of 9.96 to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of 2.26, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Mainstay will likely underperform.
Auto-correlation | -0.35 |
Poor reverse predictability
Mainstay Government Liquidity has poor reverse predictability. Overlapping area represents the amount of predictability between Mainstay time series from 28th of July 2023 to 10th of December 2023 and 10th of December 2023 to 23rd 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 Government price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current Mainstay price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.35 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 2.48 |
Mainstay Government lagged returns against current returns
Autocorrelation, which is Mainstay money market 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's money market fund expected returns. We can calculate the autocorrelation of Mainstay returns to help us make a trade decision. For example, suppose you find that Mainstay has exhibited high autocorrelation historically, and you observe that the money market 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 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 money market fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mainstay money market fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mainstay money market fund over time.
Current vs Lagged Prices |
| Timeline |
Mainstay Lagged Returns
When evaluating Mainstay's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mainstay money market fund have on its future price. Mainstay 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 autocorrelation shows the relationship between Mainstay money market fund current value and its past values and can show if there is a momentum factor associated with investing in Mainstay Government Liquidity.
Regressed Prices |
| Timeline |
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Mainstay technical money market 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.