MAINSTAY HIGH Total Risk Alpha
| MMHIX Fund | | | USD 11.63 -0.10 -0.85% |
This module presents the Total Risk Alpha indicator for Mainstay High Yield using available market inputs. This dataset is part of a broader indicator framework including
Equity Screeners.
Correlation Analysis frames the approach to diversified portfolio design. The portfolio reflects a holding in Mainstay High Yield. The position falls within the allocation view. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.
Mainstay High Yield has current Total Risk Alpha of 0.0227. The total risk alpha measures the performance of an asset by comparing its returns with those of a selected benchmark portfolio.
Total Risk Alpha | = | RFR + (ER[b] - ER[a]) | x | STD[a] / STD[b] |
| = | 0.0227 | |
| ER[a] | = | Expected return on investing in MAINSTAY HIGH |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on MAINSTAY HIGH |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Total Risk Alpha Peers Comparison
Total Risk Alpha Relative To Other Indicators
Mainstay High Yield is rated
third in total risk alpha among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
60.20 of Maximum Drawdown per Total Risk Alpha. At
60.20 , Mainstay High Yield's Maximum Drawdown-to-Total Risk Alpha multiple reflects the spread between these metrics
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare MAINSTAY HIGH to Peers
Other Technical Indicators