Mainstay Nerstone Growth Fund Market Value
| KLGBX Fund | USD 37.29 0.72 1.97% |
| Symbol | Mainstay |
Mainstay Nerstone '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 Nerstone'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 Nerstone.
| 05/30/2023 |
| 04/24/2024 |
If you would invest 0.00 in Mainstay Nerstone on May 30, 2023 and sell it all today you would earn a total of 0.00 from holding Mainstay Nerstone Growth or generate 0.0% return on investment in Mainstay Nerstone over 330 days. Mainstay Nerstone is related to or competes with Artisan High, Ms Global, Bbh Intermediate, Ab Global, Blrc Sgy, Mirova Global, and Calamos Dynamic. The fund invests primarily in stocks of large-capitalization U.S More
Mainstay Nerstone 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 Nerstone'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 Nerstone Growth upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9799 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 5.23 | |||
| Value At Risk | (1.61) | |||
| Potential Upside | 1.82 |
Mainstay Nerstone Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mainstay Nerstone's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mainstay Nerstone's standard deviation. In reality, there are many statistical measures that can use Mainstay Nerstone historical prices to predict the future Mainstay Nerstone's volatility.| Risk Adjusted Performance | 0.0427 | |||
| Jensen Alpha | 0.0485 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.6421 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mainstay Nerstone'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 Nerstone Growth Backtested Returns
We consider Mainstay Nerstone out of control. Mainstay Nerstone Growth has Sharpe Ratio of 0.0617, which conveys that the entity had a 0.0617% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Mainstay Nerstone, which you can use to evaluate the volatility of the fund. Please verify Mainstay Nerstone's Risk Adjusted Performance of 0.0427, mean deviation of 0.8196, and Downside Deviation of 0.9799 to check out if the risk estimate we provide is consistent with the expected return of 0.0659%. The fund secures a Beta (Market Risk) of 0.0871, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Mainstay Nerstone's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mainstay Nerstone is expected to be smaller as well.
Auto-correlation | -0.24 |
Weak reverse predictability
Mainstay Nerstone Growth has weak reverse predictability. Overlapping area represents the amount of predictability between Mainstay Nerstone time series from 30th of May 2023 to 11th of November 2023 and 11th of November 2023 to 24th 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 Nerstone Growth price movement. The serial correlation of -0.24 indicates that over 24.0% of current Mainstay Nerstone price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.24 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 4.72 |
Mainstay Nerstone Growth lagged returns against current returns
Autocorrelation, which is Mainstay Nerstone 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 Nerstone's mutual fund expected returns. We can calculate the autocorrelation of Mainstay Nerstone returns to help us make a trade decision. For example, suppose you find that Mainstay Nerstone 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 Nerstone 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 Nerstone mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mainstay Nerstone 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 Nerstone mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Mainstay Nerstone Lagged Returns
When evaluating Mainstay Nerstone's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mainstay Nerstone mutual fund have on its future price. Mainstay Nerstone 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 Nerstone autocorrelation shows the relationship between Mainstay Nerstone mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Mainstay Nerstone Growth.
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 Nerstone 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 Nerstone's short interest history, or implied volatility extrapolated from Mainstay Nerstone options trading.
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Try AI Portfolio ArchitectCheck out Mainstay Nerstone Correlation, Mainstay Nerstone Volatility and Mainstay Nerstone Alpha and Beta module to complement your research on Mainstay Nerstone. Note that the Mainstay Nerstone Growth information on this page should be used as a complementary analysis to other Mainstay Nerstone'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 Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
Mainstay Nerstone 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.