Mainstay Winslow Correlations

MLRMX Fund

USD 9.81 0.04 0.41%

The current 90-days correlation between Mainstay Winslow Large and Mainstay Large Cap is 0.99 (i.e., No risk reduction). The correlation of Mainstay Winslow 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 Winslow Correlation With Market

Poor diversification

The correlation between Mainstay Winslow Large and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mainstay Winslow Large 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 Winslow Large. 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 bureau of economic analysis.

Moving together with Mainstay Mutual Fund

1.0	MLAAX	Mainstay Large Cap	Pair Corr
1.0	MLAIX	Mainstay Large Cap	Pair Corr
0.95	MMRSX	Mainstay Moderate	Pair Corr
0.95	MNEVX	Mainstay Conservative Etf	Pair Corr
0.84	APSLX	Mainstay Fiera Smid	Pair Corr
0.95	MNELX	Mainstay Conservative Etf	Pair Corr
0.92	EPLPX	Mainstay Epoch Equity	Pair Corr
0.92	EPLKX	Mainstay Epoch Equity	Pair Corr
0.93	EPSPX	Mainstay Epoch Global	Pair Corr
0.95	MOEAX	Mainstay Growth Etf	Pair Corr
0.95	MOECX	Mainstay Growth Etf	Pair Corr
0.95	MOEIX	Mainstay Growth Etf	Pair Corr
0.95	MOERX	Mainstay Growth Etf	Pair Corr
0.95	MOEVX	Mainstay Growth Etf	Pair Corr
0.72	VCRCX	Mainstay Cbre Global	Pair Corr
0.73	VCRAX	Voya Cbre Global	Pair Corr
0.73	VCRIX	Voya Cbre Global	Pair Corr
0.88	MAPAX	Mainstay Map Equity	Pair Corr
0.89	MASAX	Mainstay Unconstrained	Pair Corr
0.89	MSICX	Mainstay Unconstrained	Pair Corr
0.96	MSPIX	Mainstay Sp 500	Pair Corr
0.9	MBACX	Mainstay Balanced	Pair Corr
0.9	MBAIX	Mainstay Balanced	Pair Corr
0.89	MSTEX	Mainstay Mackay Short	Pair Corr
0.9	MSTUX	Mainstay Mackay Short	Pair Corr
0.96	MSXMX	Mainstay Sp 500	Pair Corr
0.75	ICEVX	Mainstay Epoch Inter	Pair Corr
0.9	MBNAX	Mainstay Balanced	Pair Corr
0.93	MTOIX	Mainstay Income Builder	Pair Corr
0.93	MTRAX	Mainstay Income Builder	Pair Corr
0.98	KLGAX	Mainstay Nerstone Growth	Pair Corr
0.98	KLGDX	Mainstay Wmc Growth	Pair Corr
0.95	MCKCX	Mainstay Servative	Pair Corr

Moving against Mainstay Mutual Fund

0.32

FCIKX

Mainstay Pinestone

Pair Corr

Related Correlations Analysis

	MLACX	MLAAX	MLAIX	MLRMX	MMHAX	MMHDX	MMHIX	MMPDX	MMPCX	MMRAX
MLACX		1.0	1.0	1.0	-0.17	-0.27	-0.15	0.88	0.87	0.95	MLACX
MLAAX	1.0		1.0	1.0	-0.17	-0.27	-0.15	0.88	0.87	0.95	MLAAX
MLAIX	1.0	1.0		1.0	-0.17	-0.27	-0.15	0.88	0.87	0.95	MLAIX
MLRMX	1.0	1.0	1.0		-0.17	-0.27	-0.15	0.88	0.87	0.95	MLRMX
MMHAX	-0.17	-0.17	-0.17	-0.17		0.99	1.0	-0.19	-0.19	-0.19	MMHAX
MMHDX	-0.27	-0.27	-0.27	-0.27	0.99		0.99	-0.29	-0.28	-0.29	MMHDX
MMHIX	-0.15	-0.15	-0.15	-0.15	1.0	0.99		-0.18	-0.17	-0.17	MMHIX
MMPDX	0.88	0.88	0.88	0.88	-0.19	-0.29	-0.18		1.0	0.97	MMPDX
MMPCX	0.87	0.87	0.87	0.87	-0.19	-0.28	-0.17	1.0		0.96	MMPCX
MMRAX	0.95	0.95	0.95	0.95	-0.19	-0.29	-0.17	0.97	0.96		MMRAX
	MLACX	MLAAX	MLAIX	MLRMX	MMHAX	MMHDX	MMHIX	MMPDX	MMPCX	MMRAX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

MLAAX	+ 1.0	MLACX
MLAIX	+ 1.0	MLACX
MLRMX	+ 1.0	MLACX
MLAIX	+ 1.0	MLAAX
MLRMX	+ 1.0	MLAAX
MLRMX	+ 1.0	MLAIX

High negative correlations

MMRAX	- 0.29	MMHDX
MMPDX	- 0.29	MMHDX
MMPCX	- 0.28	MMHDX
MMHDX	- 0.27	MLRMX
MMHDX	- 0.27	MLAIX
MMHDX	- 0.27	MLAAX

Risk-Adjusted Indicators

There is a big difference between Mainstay Mutual Fund performing well and Mainstay Winslow 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 Winslow'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
MLACX	0.64	0.03	0.01	0.13	0.73	(0.72)	1.48	(1.48)	4.19
MLAAX	0.66	0.03	0.01	0.13	0.74	(0.72)	1.52	(1.33)	4.43
MLAIX	0.65	0.03	0.01	0.13	0.72	(0.68)	1.45	(1.30)	4.45
MLRMX	0.66	0.03	0.01	0.13	0.74	(0.70)	1.52	(1.42)	4.45
MMHAX	0.15	(0.02)	0.00	(0.34)	0.00	0.00	0.45	(0.44)	0.99
MMHDX	0.15	(0.02)	0.00	(0.50)	0.00	0.00	0.44	(0.36)	0.89
MMHIX	0.15	(0.02)	0.00	(0.44)	0.00	0.00	0.36	(0.36)	0.98
MMPDX	0.53	0.00	(0.03)	0.09	0.55	(0.58)	1.18	(1.01)	3.05
MMPCX	0.53	(0.01)	(0.03)	0.08	0.55	(0.59)	1.20	(1.00)	3.00
MMRAX	0.32	0.01	(0.06)	0.12	0.28	(0.38)	0.85	(0.63)	2.11

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