Mainstay Sp 500 Fund Market Value
| MSPIX Fund | USD 60.12 0.07 0.12% |
| Symbol | Mainstay |
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 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.
| 05/05/2024 |
| 06/04/2024 |
If you would invest 0.00 in Mainstay on May 5, 2024 and sell it all today you would earn a total of 0.00 from holding Mainstay Sp 500 or generate 0.0% return on investment in Mainstay over 30 days. Mainstay is related to or competes with Columbia Large, Siit Dynamic, Morningstar Unconstrained, Via Renewables, Jpmorgan Equity, Knife River, and Ampleforth. The fund normally invests at least 80 percent of its assets in stocks as represented in the Standard Poors 500 Index in ... 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 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 Sp 500 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6982 | |||
| Information Ratio | 0.0454 | |||
| Maximum Drawdown | 2.76 | |||
| Value At Risk | (1.19) | |||
| Potential Upside | 1.14 |
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 | 0.0618 | |||
| Jensen Alpha | 0.0571 | |||
| Total Risk Alpha | 0.0288 | |||
| Sortino Ratio | 0.0454 | |||
| Treynor Ratio | 2.53 |
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 Sp 500 Backtested Returns
We consider Mainstay very steady. Mainstay Sp 500 has Sharpe Ratio of 0.0895, which conveys that the entity had a 0.0895% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Mainstay, which you can use to evaluate the volatility of the fund. Please verify Mainstay's Downside Deviation of 0.6982, mean deviation of 0.5613, and Risk Adjusted Performance of 0.0618 to check out if the risk estimate we provide is consistent with the expected return of 0.0623%. The fund secures a Beta (Market Risk) of 0.0228, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Mainstay's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mainstay is expected to be smaller as well.
Auto-correlation | -0.72 |
Almost perfect reverse predictability
Mainstay Sp 500 has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Mainstay time series from 5th of May 2024 to 20th of May 2024 and 20th of May 2024 to 4th of June 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 Sp 500 price movement. The serial correlation of -0.72 indicates that around 72.0% of current Mainstay price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.72 | |
| Spearman Rank Test | -0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Mainstay Sp 500 lagged returns against current returns
Autocorrelation, which is Mainstay 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's mutual 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 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 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 mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mainstay 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 mutual 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 mutual 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 mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Mainstay Sp 500.
Regressed Prices |
| Timeline |
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Other Information on Investing in Mainstay Mutual Fund
Mainstay financial ratios help investors to determine whether Mainstay Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Mainstay with respect to the benefits of owning Mainstay security.
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