Mainstay International Opportunities Fund Price on May 20, 2024
| MYICX Fund | USD 7.48 0.01 0.13% |
Below is the normalized historical share price chart for Mainstay International Opportunities extending back to September 28, 2007. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Mainstay International stands at 7.48, as last reported on the 23rd of December, with the highest price reaching 7.48 and the lowest price hitting 7.48 during the day.
If you're considering investing in Mainstay Mutual Fund, it is important to understand the factors that can impact its price. Mainstay International 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. Mainstay International exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mainstay International's Mean Deviation of 0.5517, standard deviation of 0.7284, and Risk Adjusted Performance of (0.09) to check out the risk estimate we provide.
Mainstay Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Mainstay |
Sharpe Ratio = -0.1309
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| Negative Returns | MYICX |
Estimated Market Risk
| 0.72 actual daily | 6 94% of assets are more volatile |
Expected Return
| -0.09 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.13 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Mainstay International is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Mainstay International by adding Mainstay International to a well-diversified portfolio.
Mainstay International Valuation on May 20, 2024
It is possible to determine the worth of Mainstay International on a given historical date. On May 20, 2024 Mainstay was worth 7.78 at the beginning of the trading date compared to the closed value of 7.78. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Mainstay International mutual fund. Still, in general, we apply an absolute valuation method to find Mainstay International's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Mainstay International where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Mainstay International's related companies.
| Open | High | Low | Close | Volume | |
| 7.76 | 7.76 | 7.76 | 7.76 | 1.00 | |
05/20/2024 | 7.78 | 7.78 | 7.78 | 7.78 | 1.00 |
| 7.74 | 7.74 | 7.74 | 7.74 | 1.00 |
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Mainstay International Trading Date Momentum on May 20, 2024
| On May 21 2024 Mainstay International Opportunities was traded for 7.74 at the closing time. The highest daily price throughout the period was 7.74 and the lowest price was 7.74 . There was no trading activity during the period 1.0. Lack of trading volume on 05/21/2024 added to the next day price reduction. The trading delta at closing time to closing price of the next trading day was 0.51% . The trading delta at closing time to current closing price is 2.31% . |
Mainstay International Fundamentals Correlations and Trends
By evaluating Mainstay International's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Mainstay International's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Mainstay financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Mainstay International Mutual Fund history
Mainstay International investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Mainstay is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Mainstay International will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Mainstay International stock prices may prove useful in developing a viable investing in Mainstay International
Under normal circumstances, the fund invests at least 80 percent of its assets in equity securities of foreign companies, including securities of emerging market country issuers. It may invest in securities of foreign issuers in the form of depositary receipts or other securities that are convertible into securities of foreign issuers. The fund will invest in small, mid, and large capitalization companies.
Mainstay International Mutual Fund Technical Analysis
Mainstay International technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
Price Boundaries
Mainstay International Period Price Range
Low | December 23, 2024
| High |
0.00 | 0.00 |
Mainstay International Opportunities cannot be verified against its exchange. Please verify the symbol is currently traded on NMFQS Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Mainstay International December 23, 2024 Market Strength
Market strength indicators help investors to evaluate how Mainstay International mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Mainstay International shares will generate the highest return on investment. By undertsting and applying Mainstay International mutual fund market strength indicators, traders can identify Mainstay International Opportunities entry and exit signals to maximize returns
Mainstay International Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Mainstay International's price direction in advance. Along with the technical and fundamental analysis of Mainstay Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Mainstay to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | (0.40) |
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| Volume Indicators |
Other Information on Investing in Mainstay Mutual Fund
Mainstay International financial ratios help investors to determine whether Mainstay Mutual 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 International security.
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