Mainstay Map Equity Fund Market Value
| MAPAX Fund | USD 27.85 0.04 0.14% |
| Symbol | Mainstay |
Mainstay Map '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 Map'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 Map.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Mainstay Map on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Mainstay Map Equity or generate 0.0% return on investment in Mainstay Map over 30 days. Mainstay Map is related to or competes with Mainstay High, Mainstay Tax, Mainstay Income, Mainstay Large, Mainstay Large, Mainstay Large, and Mainstay Large. The fund invests in equity securities issued by companies of any size or market capitalization range More
Mainstay Map 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 Map'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 Map Equity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7696 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 3.0 | |||
| Value At Risk | (1.36) | |||
| Potential Upside | 0.8 |
Mainstay Map Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mainstay Map's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mainstay Map's standard deviation. In reality, there are many statistical measures that can use Mainstay Map historical prices to predict the future Mainstay Map's volatility.| Risk Adjusted Performance | 0.0248 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.016 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mainstay Map'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 Map Equity Backtested Returns
We consider Mainstay Map very steady. Mainstay Map Equity has Sharpe Ratio of 0.025, which conveys that the entity had a 0.025% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Mainstay Map, which you can use to evaluate the volatility of the fund. Please verify Mainstay Map's Risk Adjusted Performance of 0.0248, downside deviation of 0.7696, and Mean Deviation of 0.4775 to check out if the risk estimate we provide is consistent with the expected return of 0.0157%. The fund secures a Beta (Market Risk) of 0.93, which conveys possible diversification benefits within a given portfolio. Mainstay Map returns are very sensitive to returns on the market. As the market goes up or down, Mainstay Map is expected to follow.
Auto-correlation | -0.25 |
Weak reverse predictability
Mainstay Map Equity has weak reverse predictability. Overlapping area represents the amount of predictability between Mainstay Map time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th 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 Map Equity price movement. The serial correlation of -0.25 indicates that over 25.0% of current Mainstay Map price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.22 |
Mainstay Map Equity lagged returns against current returns
Autocorrelation, which is Mainstay Map 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 Map's mutual fund expected returns. We can calculate the autocorrelation of Mainstay Map returns to help us make a trade decision. For example, suppose you find that Mainstay Map 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 Map 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 Map mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mainstay Map 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 Map mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Mainstay Map Lagged Returns
When evaluating Mainstay Map's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mainstay Map mutual fund have on its future price. Mainstay Map 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 Map autocorrelation shows the relationship between Mainstay Map mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Mainstay Map Equity.
Regressed Prices |
| Timeline |
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 Map 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 Map's short interest history, or implied volatility extrapolated from Mainstay Map options trading.
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 ArchitectCheck out Mainstay Map Correlation, Mainstay Map Volatility and Mainstay Map Alpha and Beta module to complement your research on Mainstay Map. Note that the Mainstay Map Equity information on this page should be used as a complementary analysis to other Mainstay Map'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 Map 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.