Mainstay Income Builder Fund Market Value
| MTODX Fund | USD 19.17 0.02 0.10% |
| Symbol | Mainstay |
Mainstay Income '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 Income'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 Income.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Mainstay Income on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Mainstay Income Builder or generate 0.0% return on investment in Mainstay Income over 30 days. Mainstay Income is related to or competes with Mainstay, Mainstay Convertible, Mainstay Large, Mainstay Map, and Mainstay Epoch. The fund normally invests a minimum of 30 percent of its net assets in equity securities and a minimum of 30 percent of ... More
Mainstay Income 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 Income'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 Income Builder upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5606 | |||
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 2.71 | |||
| Value At Risk | (0.84) | |||
| Potential Upside | 0.797 |
Mainstay Income Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mainstay Income's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mainstay Income's standard deviation. In reality, there are many statistical measures that can use Mainstay Income historical prices to predict the future Mainstay Income's volatility.| Risk Adjusted Performance | 0.0303 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.11) | |||
| Treynor Ratio | 0.0224 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mainstay Income'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 Me Builder Backtested Returns
We consider Mainstay Income very steady. Mainstay Me Builder has Sharpe Ratio of 0.0501, which conveys that the entity had a 0.0501% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Mainstay Income, which you can use to evaluate the volatility of the fund. Please verify Mainstay Income's Risk Adjusted Performance of 0.0303, mean deviation of 0.3856, and Downside Deviation of 0.5606 to check out if the risk estimate we provide is consistent with the expected return of 0.0264%. The fund secures a Beta (Market Risk) of 0.75, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Mainstay Income's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mainstay Income is expected to be smaller as well.
Auto-correlation | 0.32 |
Below average predictability
Mainstay Income Builder has below average predictability. Overlapping area represents the amount of predictability between Mainstay Income time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th 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 Me Builder price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current Mainstay Income price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Mainstay Me Builder lagged returns against current returns
Autocorrelation, which is Mainstay Income 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 Income's mutual fund expected returns. We can calculate the autocorrelation of Mainstay Income returns to help us make a trade decision. For example, suppose you find that Mainstay Income 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 Income 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 Income mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mainstay Income 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 Income mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Mainstay Income Lagged Returns
When evaluating Mainstay Income's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mainstay Income mutual fund have on its future price. Mainstay Income 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 Income autocorrelation shows the relationship between Mainstay Income mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Mainstay Income Builder.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out Mainstay Income Correlation, Mainstay Income Volatility and Mainstay Income Alpha and Beta module to complement your research on Mainstay Income. Note that the Mainstay Me Builder information on this page should be used as a complementary analysis to other Mainstay Income'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 Dashboard module to portfolio dashboard that provides centralized access to all your investments.
Mainstay Income 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.