Mainstay Map Correlations

Mutual Funds USA . 
Fund . Mainstay Map Equity
MMPCX Fund  USD 20.78  0.12  0.58%   
The current 90-days correlation between Mainstay Map Equity and Pace Large Growth is 0.81 (i.e., Very poor diversification). The correlation of Mainstay Map 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 Map Correlation With Market

Good diversification

The correlation between Mainstay Map Equity and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mainstay Map Equity and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mainstay Map Equity. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Mainstay Mutual Fund

  0.98MLACX Mainstay Large CapPairCorr
  0.96MLAIX Mainstay Large CapPairCorr
  0.99MMRAX Mainstay ModeratePairCorr
  0.99MMRCX Mainstay ModeratePairCorr
  0.96MNEVX Mainstay Conservative EtfPairCorr
  0.93APSLX Mainstay Fiera SmidPairCorr
  0.93APSDX Mainstay Fiera SmidPairCorr
  0.98MNEKX Mainstay Conservative EtfPairCorr
  0.96EPLCX Mainstay Epoch EquityPairCorr
  0.95FCGYX Mainstay Pinestone GlobalPairCorr
  0.96EPSYX Mainstay Epoch GlobalPairCorr
  0.98EPSKX Mainstay Epoch GlobalPairCorr
  0.94FCUDX Mainstay Pinestone EquityPairCorr
  0.92MOPCX Mainstay Epoch SmallPairCorr
  0.82VCRCX Mainstay Cbre GlobalPairCorr
  0.83VCRAX Voya Cbre GlobalPairCorr
  0.84VCRIX Voya Cbre GlobalPairCorr
  0.7MSCAX Mainstay California TaxPairCorr
  0.97MSPIX Mainstay Sp 500PairCorr
  0.95MBACX Mainstay BalancedPairCorr
  1.0MBAIX Mainstay BalancedPairCorr
  0.93MSTIX Mainstay Tax AdvantagedPairCorr
  0.91ICEVX Mainstay Epoch InterPairCorr
  0.93ICEUX Mainstay Epoch InterPairCorr
  0.95MBNAX Mainstay BalancedPairCorr
  0.75MTBAX Mainstay Tax FreePairCorr
  0.73MTBIX Mainstay Tax FreePairCorr
  0.68MTFCX Mainstay Tax FreePairCorr
  0.96MTISX Mainstay Income BuilderPairCorr
  0.98MTRAX Mainstay Income BuilderPairCorr
  0.96MCKSX Mainstay ConservativePairCorr
  0.98MCNVX Mainstay VertiblePairCorr
  0.98MCOAX Mainstay ConvertiblePairCorr
  0.98MCTRX Mainstay Income BuilderPairCorr
  0.99MDARX Mainstay Moderate EtfPairCorr
  0.96MDAVX Mainstay Moderate EtfPairCorr
  0.95MDHCX Mainstay Short DurationPairCorr
  0.96MXFAX Mainstay Floating RatePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Mainstay Mutual Fund performing well and Mainstay Map 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 Map'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY