Mainstay Large Correlations
MLABX Fund | USD 4.45 0.02 0.45% |
The current 90-days correlation between Mainstay Large Cap and Eagle Growth Income is 0.02 (i.e., Significant diversification). The correlation of Mainstay Large is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.
Mainstay Large Correlation With Market
Modest diversification
The correlation between Mainstay Large Cap and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mainstay Large Cap and DJI in the same portfolio, assuming nothing else is changed.
Mainstay |
Moving together with Mainstay Mutual Fund
0.92 | MLAAX | Mainstay Large Cap | PairCorr |
0.85 | MLAIX | Mainstay Large Cap | PairCorr |
0.66 | MLRMX | Mainstay Winslow Large | PairCorr |
0.65 | EPLPX | Mainstay Epoch Equity | PairCorr |
0.89 | EPLBX | Mainstay Epoch Equity | PairCorr |
0.77 | EPSKX | Mainstay Epoch Global | PairCorr |
Moving against Mainstay Mutual Fund
0.38 | MKTBX | Mainstay Tax Free | PairCorr |
0.38 | MMHIX | Mainstay High Yield | PairCorr |
0.38 | MNOCX | Mainstay New York | PairCorr |
0.36 | MNOIX | Mainstay New York | PairCorr |
0.4 | MTFCX | Mainstay Tax Free | PairCorr |
0.4 | MCAMX | Mainstay Mackay Cali | PairCorr |
0.36 | MSTAX | Mainstay Tax Advantaged | PairCorr |
0.36 | MSTIX | Mainstay Tax Advantaged | PairCorr |
0.36 | MSTUX | Mainstay Mackay Short | PairCorr |
0.36 | MTMSX | Mainstay Mackay Total | PairCorr |
0.36 | MTMIX | Mainstay Total Return | PairCorr |
0.35 | MTBAX | Mainstay Tax Free | PairCorr |
0.33 | MSDIX | Mainstay Unconstrained | PairCorr |
Related Correlations Analysis
0.96 | 0.9 | 0.93 | 0.9 | 0.89 | HRCVX | ||
0.96 | 0.93 | 0.94 | 0.94 | 0.9 | FRAAX | ||
0.9 | 0.93 | 0.94 | 0.92 | 0.95 | ARTSX | ||
0.93 | 0.94 | 0.94 | 0.97 | 0.92 | SCGCX | ||
0.9 | 0.94 | 0.92 | 0.97 | 0.9 | TWRCX | ||
0.89 | 0.9 | 0.95 | 0.92 | 0.9 | PQUAX | ||
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Risk-Adjusted Indicators
There is a big difference between Mainstay Mutual Fund performing well and Mainstay Large Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Mainstay Large's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
HRCVX | 0.52 | 0.11 | (0.05) | (12.86) | 0.38 | 1.00 | 3.32 | |||
FRAAX | 0.71 | 0.19 | 0.05 | 5.88 | 0.83 | 1.67 | 5.06 | |||
ARTSX | 0.93 | 0.19 | 0.07 | 0.81 | 0.93 | 2.03 | 5.78 | |||
SCGCX | 0.39 | 0.03 | (0.07) | 0.19 | 0.17 | 0.87 | 2.67 | |||
TWRCX | 0.66 | 0.11 | 0.07 | 0.29 | 0.73 | 1.65 | 5.36 | |||
PQUAX | 0.86 | 0.21 | 0.11 | 0.99 | 0.65 | 1.91 | 6.52 |