Mainstay Servative Correlations
MCKIX Fund | USD 12.33 0.02 0.16% |
The current 90-days correlation between Mainstay Servative and Six Circles Credit is 0.68 (i.e., Poor diversification). The correlation of Mainstay Servative 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 Servative Correlation With Market
Very good diversification
The correlation between Mainstay Servative Allocation and DJI is -0.21 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mainstay Servative Allocation and DJI in the same portfolio, assuming nothing else is changed.
Mainstay |
Moving together with Mainstay Mutual Fund
0.97 | VWINX | Vanguard Wellesley Income | PairCorr |
0.85 | VWIAX | Vanguard Wellesley Income | PairCorr |
0.87 | BKMIX | Blackrock Multi Asset | PairCorr |
0.86 | HBLTX | Hartford Balanced | PairCorr |
0.98 | HBLRX | Hartford Balanced | PairCorr |
0.98 | HBLSX | Hartford Balanced | PairCorr |
0.98 | HBLVX | Hartford Balanced | PairCorr |
0.98 | HBLYX | Hartford Balanced | PairCorr |
0.98 | HBLCX | Hartford Balanced | PairCorr |
0.86 | HBLIX | Hartford Balanced | PairCorr |
0.63 | CAT | Caterpillar | PairCorr |
Moving against Mainstay Mutual Fund
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Mainstay Mutual Fund performing well and Mainstay Servative 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 Servative'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
CRDOX | 0.10 | 0.05 | (1.36) | 3.93 | 0.00 | 0.23 | 0.80 | |||
DNHYX | 0.14 | 0.03 | (1.13) | 0.45 | 0.00 | 0.24 | 1.19 | |||
NHIEX | 0.14 | 0.03 | (1.18) | 0.56 | 0.00 | 0.40 | 0.91 | |||
LSYFX | 0.14 | 0.06 | (1.00) | 2.23 | 0.00 | 0.42 | 1.27 | |||
PHDTX | 0.12 | 0.06 | (0.78) | (3.12) | 0.00 | 0.34 | 0.92 | |||
MZHIX | 0.12 | 0.04 | (0.92) | 3.01 | 0.00 | 0.26 | 0.90 | |||
PYRLX | 0.12 | 0.03 | (1.06) | 0.48 | 0.00 | 0.32 | 1.05 | |||
BHYRX | 0.13 | 0.05 | (1.07) | 2.54 | 0.00 | 0.43 | 1.00 |