Mainstay California Tax Fund Fundamentals
| MSCVX Fund | USD 9.72 0.01 0.10% |
Mainstay California Tax fundamentals help investors to digest information that contributes to Mainstay California's financial success or failures. It also enables traders to predict the movement of Mainstay Mutual Fund. The fundamental analysis module provides a way to measure Mainstay California's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Mainstay California mutual fund.
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Mainstay California Tax Mutual Fund Year To Date Return Analysis
Mainstay California's Year to Date Return (YTD) is the total return generated from holding a security from the beginning of the current fiscal year. In other words, YTD Return represents the capital appreciation of your investments from the start of the current fiscal year.
More About Year To Date Return | All Equity Analysis
YTD Return | = | (Mean of Monthly Returns - 1) | X | 100% |
Current Mainstay California Year To Date Return | 0.26 % |
Most of Mainstay California's fundamental indicators, such as Year To Date Return, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Mainstay California Tax is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Year-To-Date typically refers to a period starting from the beginning of the current year and continuing up to the present day. Investors should becareful when comparing YTD ratios if not much of the year has occurred as research shows that YTD measures are more sensitive to early periods than late.
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Based on the company's disclosures, Mainstay California Tax has a Year To Date Return of 0.2552%. This is much higher than that of the MainStay family and significantly higher than that of the Muni California Long category. The year to date return for all United States funds is notably lower than that of the firm.
Mainstay California Tax Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Mainstay California's current stock value. Our valuation model uses many indicators to compare Mainstay California value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Mainstay California competition to find correlations between indicators driving Mainstay California's intrinsic value. More Info.Mainstay California Tax is number one fund in annual yield among similar funds. It also is number one fund in year to date return among similar funds creating about 255.20 of Year To Date Return per Annual Yield. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Mainstay California's earnings, one of the primary drivers of an investment's value.Mainstay Year To Date Return Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Mainstay California's direct or indirect competition against its Year To Date Return to detect undervalued stocks with similar characteristics or determine the mutual funds which would be a good addition to a portfolio. Peer analysis of Mainstay California could also be used in its relative valuation, which is a method of valuing Mainstay California by comparing valuation metrics of similar companies.Mainstay California is currently under evaluation in year to date return among similar funds.
Fund Asset Allocation for Mainstay California
The fund invests most of its assets under management in various types of exotic instruments, with the rest of asset invested in bonds and cash equivalents.Asset allocation divides Mainstay California's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
Mainstay Fundamentals
| Total Asset | 1.02 B | ||||
| Annual Yield | 0 % | ||||
| Year To Date Return | 0.26 % | ||||
| One Year Return | 2.65 % | ||||
| Three Year Return | (0.89) % | ||||
| Five Year Return | 0.81 % | ||||
| Net Asset | 383.79 M | ||||
| Last Dividend Paid | 0.02 | ||||
| Cash Position Weight | 8.33 % | ||||
| Bond Positions Weight | 7.91 % |
About Mainstay California Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Mainstay California Tax's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Mainstay California using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Mainstay California Tax based on its fundamental data. In general, a quantitative approach, as applied to this mutual fund, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.The fund invests at least 80 percent of its assets in municipal bonds, whose interest is, in the opinion of bond counsel for the issuers at the time of issuance, exempt from federal and California income taxes. It may invest up to 20 percent of its net assets in municipal bonds subject to the federal alternative minimum tax, and municipal bonds that pay interest that is subject to federal and California income taxes.
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Other Information on Investing in Mainstay Mutual Fund
Mainstay California 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 California security.
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