Mainstay Government Liquidity Fund Market Value
| MUSXX Fund | USD 1.00 0.00 0.00% |
| Symbol | Mainstay |
Please note, there is a significant difference between Mainstay Government's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mainstay Government is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mainstay Government's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Mainstay Government 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Mainstay Government's money market fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Mainstay Government.
| 01/03/2023 |
| 12/23/2024 |
If you would invest 0.00 in Mainstay Government on January 3, 2023 and sell it all today you would earn a total of 0.00 from holding Mainstay Government Liquidity or generate 0.0% return on investment in Mainstay Government over 720 days. Mainstay Government is related to or competes with Vanguard Total, Vanguard 500, Vanguard Total, Vanguard Total, Vanguard Total, Vanguard Total, and Vanguard 500. Mainstay Government is entity of United States More
Mainstay Government Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Mainstay Government's money market fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Mainstay Government Liquidity upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 1.01 |
Mainstay Government Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mainstay Government's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mainstay Government's standard deviation. In reality, there are many statistical measures that can use Mainstay Government historical prices to predict the future Mainstay Government's volatility.| Risk Adjusted Performance | 0.0438 | |||
| Jensen Alpha | 0.0053 | |||
| Total Risk Alpha | 0.0018 | |||
| Treynor Ratio | 3.54 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mainstay Government's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Mainstay Government Backtested Returns
At this stage we consider Mainstay Money Market Fund to be not too volatile. Mainstay Government has Sharpe Ratio of 0.13, which conveys that the entity had a 0.13% return per unit of risk over the last 3 months. We have found sixteen technical indicators for Mainstay Government, which you can use to evaluate the volatility of the fund. Please verify Mainstay Government's Risk Adjusted Performance of 0.0438, standard deviation of 0.1243, and Mean Deviation of 0.0301 to check out if the risk estimate we provide is consistent with the expected return of 0.0163%. The fund secures a Beta (Market Risk) of 0.0015, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Mainstay Government's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mainstay Government is expected to be smaller as well.
Auto-correlation | -0.65 |
Very good reverse predictability
Mainstay Government Liquidity has very good reverse predictability. Overlapping area represents the amount of predictability between Mainstay Government time series from 3rd of January 2023 to 29th of December 2023 and 29th of December 2023 to 23rd of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Mainstay Government price movement. The serial correlation of -0.65 indicates that roughly 65.0% of current Mainstay Government price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.65 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 3.14 |
Mainstay Government lagged returns against current returns
Autocorrelation, which is Mainstay Government money market fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Mainstay Government's money market fund expected returns. We can calculate the autocorrelation of Mainstay Government returns to help us make a trade decision. For example, suppose you find that Mainstay Government has exhibited high autocorrelation historically, and you observe that the money market fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Mainstay Government regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Mainstay Government money market fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mainstay Government money market fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mainstay Government money market fund over time.
Current vs Lagged Prices |
| Timeline |
Mainstay Government Lagged Returns
When evaluating Mainstay Government's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mainstay Government money market fund have on its future price. Mainstay Government autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Mainstay Government autocorrelation shows the relationship between Mainstay Government money market fund current value and its past values and can show if there is a momentum factor associated with investing in Mainstay Government Liquidity.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Mainstay Money Market Fund
Mainstay Government financial ratios help investors to determine whether Mainstay Money Market Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Mainstay with respect to the benefits of owning Mainstay Government security.
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