Mainstay Map Correlations

MMPCX Fund

USD 20.21 0.02 0.1%

The current 90-days correlation between Mainstay Map Equity and Lord Abbett Health is -0.2 (i.e., Good 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

Average diversification

The correlation between Mainstay Map Equity and DJI is 0.16 (i.e., Average 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 world development indicators.

Moving together with Mainstay Mutual Fund

0.86	MLAAX	Mainstay Large Cap	Pair Corr
0.96	MLAIX	Mainstay Large Cap	Pair Corr
0.97	MLRMX	Mainstay Winslow Large	Pair Corr
0.97	MMPDX	Mainstay Wmc Value	Pair Corr
0.63	MMRAX	Mainstay Moderate	Pair Corr
0.65	MMRIX	Mainstay Moderate	Pair Corr
0.62	MMRSX	Mainstay Moderate	Pair Corr
0.9	APSLX	Mainstay Fiera Smid	Pair Corr
0.88	APSDX	Mainstay Fiera Smid	Pair Corr
0.9	EPLPX	Mainstay Epoch Equity	Pair Corr
0.99	EPLMX	Mainstay Epoch Equity	Pair Corr
0.95	EPLKX	Mainstay Epoch Equity	Pair Corr
0.99	EPLCX	Mainstay Epoch Equity	Pair Corr
0.92	FCGYX	Mainstay Pinestone Global	Pair Corr
0.98	EPSYX	Mainstay Epoch Global	Pair Corr
0.89	EPSPX	Mainstay Epoch Global	Pair Corr
0.94	EPSKX	Mainstay Epoch Global	Pair Corr
0.62	MOEIX	Mainstay Growth Etf	Pair Corr
0.61	MOEVX	Mainstay Growth Etf	Pair Corr

Moving against Mainstay Mutual Fund

0.93

MLACX

Mainstay Large Cap

Pair Corr

Related Correlations Analysis

	LHCCX	BHSRX	LYFAX	XXGRX	SWHFX	XHQHX
LHCCX		0.95	0.98	0.81	0.93	0.79	LHCCX
BHSRX	0.95		0.96	0.8	0.89	0.72	BHSRX
LYFAX	0.98	0.96		0.78	0.89	0.81	LYFAX
XXGRX	0.81	0.8	0.78		0.82	0.62	XXGRX
SWHFX	0.93	0.89	0.89	0.82		0.73	SWHFX
XHQHX	0.79	0.72	0.81	0.62	0.73		XHQHX
	LHCCX	BHSRX	LYFAX	XXGRX	SWHFX	XHQHX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
LHCCX	0.72	0.21	0.19	6.64	0.57	(0.83)	1.80	(1.24)	4.51
BHSRX	0.63	0.22	0.26	0.50	0.26	(0.76)	2.04	(1.12)	4.57
LYFAX	0.84	0.29	0.22	(9.77)	0.68	(1.03)	1.88	(1.59)	4.57
XXGRX	0.64	0.01	(0.05)	0.13	0.78	(0.73)	1.50	(1.36)	3.61
SWHFX	0.70	0.02	0.00	0.10	1.24	(0.75)	2.19	(1.54)	9.48
XHQHX	1.08	0.25	0.14	1.91	1.14	(1.28)	2.46	(1.70)	9.43

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