MainStay Mutual Fund Alpha and Beta Analysis
| MNEAX Fund | USD 9.64 0.09 0.94% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as MainStay Conservative ETF. It also helps investors analyze the systematic and unsystematic risks associated with investing in MainStay Conservative over a specified time horizon. Remember, high MainStay Conservative's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation.
Beta 0.19 | Alpha (0.0428) | Risk 0.47 | Sharpe Ratio (0.08) | Expected Return (0.0389) |
Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
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MainStay Conservative Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. MainStay Conservative market risk premium is the additional return an investor will receive from holding MainStay Conservative long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in MainStay Conservative. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate MainStay Conservative's performance over market.| α | -0.04 | β | 0.19 |
MainStay Conservative expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of MainStay Conservative's Buy-and-hold return. Our buy-and-hold chart shows how MainStay Conservative performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.MainStay Conservative Market Price Analysis
Market price analysis indicators help investors to evaluate how MainStay Conservative mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading MainStay Conservative shares will generate the highest return on investment. By understating and applying MainStay Conservative mutual fund market price indicators, traders can identify MainStay Conservative position entry and exit signals to maximize returns.
MainStay Conservative Return and Market Media
The median price of MainStay Conservative for the period between Thu, Jul 6, 2023 and Wed, Oct 4, 2023 is 9.97 with a coefficient of variation of 1.27. The daily time series for the period is distributed with a sample standard deviation of 0.13, arithmetic mean of 9.98, and mean deviation of 0.1. The Fund did not receive any noticable media coverage during the period. Price Growth (%) |
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About MainStay Conservative Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including MainStay or other funds. Alpha measures the amount that position in MainStay Conservative ETF has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards MainStay Conservative in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, MainStay Conservative's short interest history, or implied volatility extrapolated from MainStay Conservative options trading.
Build Portfolio with MainStay Conservative
Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.Build Diversified Portfolios
Align your risk with return expectations
Check out MainStay Conservative Backtesting, Portfolio Optimization, MainStay Conservative Correlation, MainStay Conservative Hype Analysis, MainStay Conservative Volatility, MainStay Conservative History and analyze MainStay Conservative Performance. 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 Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Complementary Tools for MainStay Mutual Fund analysis
When running MainStay Conservative's price analysis, check to measure MainStay Conservative's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy MainStay Conservative is operating at the current time. Most of MainStay Conservative's value examination focuses on studying past and present price action to predict the probability of MainStay Conservative's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MainStay Conservative's price. Additionally, you may evaluate how the addition of MainStay Conservative to your portfolios can decrease your overall portfolio volatility.
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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.