Mainstay Total Correlations

MTMNX Fund

USD 9.22 0.03 0.33%

The current 90-days correlation between Mainstay Total Return and California Municipal Portfolio is 0.31 (i.e., Weak diversification). The correlation of Mainstay Total 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 Total Correlation With Market

Good diversification

The correlation between Mainstay Total Return and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mainstay Total Return 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 Total Return. 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 board of governors.

Moving together with Mainstay Mutual Fund

0.72	MKINX	Mainstay Tax Free	Pair Corr
0.71	MLRSX	Mainstay Large Cap	Pair Corr
0.73	MMRDX	Mainstay Moderate	Pair Corr
0.74	EPLIX	Mainstay Epoch Equity	Pair Corr
0.74	EPLDX	Mainstay Epoch Equity	Pair Corr
0.75	EPSRX	Mainstay Epoch Global	Pair Corr
0.75	EPSIX	Mainstay Epoch Global	Pair Corr
0.69	MOINX	Mainstay Epoch Small	Pair Corr
0.65	VCRVX	Mainstay Cbre Global	Pair Corr
0.66	VCRQX	Mainstay Cbre Global	Pair Corr
0.76	MBERX	Mainstay Balanced	Pair Corr
0.93	MSYEX	Mainstay Mackay Unco	Pair Corr
0.76	MBINX	Mainstay Balanced	Pair Corr
0.73	ICELX	Mainstay Epoch Inter	Pair Corr
0.7	MTBDX	Mainstay Mackay Tax	Pair Corr
0.77	MTFEX	Mainstay Mackay Strategic	Pair Corr
0.78	MTFDX	Mainstay Mackay Strategic	Pair Corr
0.78	MTODX	Mainstay Income Builder	Pair Corr
1.0	MTRDX	Mainstay Total Return	Pair Corr
0.69	KLGNX	Mainstay Nerstone Growth	Pair Corr
0.7	MCINX	Mainstay Convertible	Pair Corr
0.77	MCKNX	Mainstay Conservative	Pair Corr
0.76	MCYAX	Mainstay Candriam	Pair Corr
0.76	MCYCX	Mainstay Candriam	Pair Corr
0.76	MCYIX	Mainstay Candriam	Pair Corr
0.76	MCYSX	Mainstay Candriam	Pair Corr

Related Correlations Analysis

	SNCAX	ABNCX	BXHCX	TPYYX	TWTCX	TTRBX	PBNAX	LCCMX
SNCAX		0.81	0.95	0.84	0.91	0.95	0.92	0.88	SNCAX
ABNCX	0.81		0.74	0.57	0.7	0.8	0.86	0.65	ABNCX
BXHCX	0.95	0.74		0.91	0.89	0.95	0.87	0.95	BXHCX
TPYYX	0.84	0.57	0.91		0.8	0.81	0.69	0.87	TPYYX
TWTCX	0.91	0.7	0.89	0.8		0.82	0.84	0.81	TWTCX
TTRBX	0.95	0.8	0.95	0.81	0.82		0.94	0.92	TTRBX
PBNAX	0.92	0.86	0.87	0.69	0.84	0.94		0.8	PBNAX
LCCMX	0.88	0.65	0.95	0.87	0.81	0.92	0.8		LCCMX
	SNCAX	ABNCX	BXHCX	TPYYX	TWTCX	TTRBX	PBNAX	LCCMX

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 Total 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 Total'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
SNCAX	0.09	0.01	(0.71)	0.62	0.00	(0.13)	0.22	(0.15)	0.89
ABNCX	0.14	0.02	(0.39)	(10.50)	0.09	(0.17)	0.30	(0.39)	1.09
BXHCX	0.16	0.08	(0.29)	(2.97)	0.00	(0.25)	0.50	(0.13)	1.02
TPYYX	0.67	0.12	0.08	0.33	0.52	(0.84)	1.93	(1.10)	3.81
TWTCX	0.11	0.01	(0.68)	(0.32)	0.02	(0.17)	0.28	(0.19)	0.77
TTRBX	0.16	0.03	(0.53)	0.72	0.00	(0.21)	0.40	(0.20)	0.82
PBNAX	0.21	0.03	(0.38)	(2.96)	0.15	(0.24)	0.43	(0.42)	1.13
LCCMX	0.12	0.05	(0.61)	5.04	0.00	(0.26)	0.51	(0.13)	1.00

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

Mainstay Total Correlations

Mainstay Total Correlation With Market

Good diversification

Moving together with Mainstay Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY