Mainstay Tax Advantaged Fund Market Value

MSTIX Fund  USD 9.30  0.01  0.11%   
Mainstay Tax's market value is the price at which a share of Mainstay Tax trades on a public exchange. It measures the collective expectations of Mainstay Tax Advantaged investors about its performance. Mainstay Tax is trading at 9.30 as of the 13th of December 2024; that is 0.11 percent decrease since the beginning of the trading day. The fund's open price was 9.31.
With this module, you can estimate the performance of a buy and hold strategy of Mainstay Tax Advantaged and determine expected loss or profit from investing in Mainstay Tax over a given investment horizon. Check out Mainstay Tax Correlation, Mainstay Tax Volatility and Mainstay Tax Alpha and Beta module to complement your research on Mainstay Tax.
Symbol

Please note, there is a significant difference between Mainstay Tax's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mainstay Tax is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mainstay Tax'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 Tax '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 Tax's mutual 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 Tax.
0.00
12/24/2022
No Change 0.00  0.0 
In 1 year 11 months and 22 days
12/13/2024
0.00
If you would invest  0.00  in Mainstay Tax on December 24, 2022 and sell it all today you would earn a total of 0.00 from holding Mainstay Tax Advantaged or generate 0.0% return on investment in Mainstay Tax over 720 days. Mainstay Tax is related to or competes with Mainstay High, Mainstay Tax, Mainstay Income, Mainstay Large, Mainstay Large, Mainstay Large, and Mainstay Large. The fund normally invests at least 80 percent of its assets in municipal debt securities More

Mainstay Tax 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 Tax's mutual 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 Tax Advantaged upside and downside potential and time the market with a certain degree of confidence.

Mainstay Tax Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Mainstay Tax's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mainstay Tax's standard deviation. In reality, there are many statistical measures that can use Mainstay Tax historical prices to predict the future Mainstay Tax's volatility.
Hype
Prediction
LowEstimatedHigh
9.209.309.40
Details
Intrinsic
Valuation
LowRealHigh
8.969.0610.23
Details

Mainstay Tax Advantaged Backtested Returns

At this stage we consider Mainstay Mutual Fund to be very steady. Mainstay Tax Advantaged has Sharpe Ratio of 5.0E-4, which conveys that the entity had a 5.0E-4% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Mainstay Tax, which you can use to evaluate the volatility of the fund. Please verify Mainstay Tax's Mean Deviation of 0.0555, risk adjusted performance of (0.07), and Downside Deviation of 0.1807 to check out if the risk estimate we provide is consistent with the expected return of 0.0%. The fund secures a Beta (Market Risk) of -0.0296, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Mainstay Tax are expected to decrease at a much lower rate. During the bear market, Mainstay Tax is likely to outperform the market.

Auto-correlation

    
  0.37  

Below average predictability

Mainstay Tax Advantaged has below average predictability. Overlapping area represents the amount of predictability between Mainstay Tax time series from 24th of December 2022 to 19th of December 2023 and 19th of December 2023 to 13th 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 Tax Advantaged price movement. The serial correlation of 0.37 indicates that just about 37.0% of current Mainstay Tax price fluctuation can be explain by its past prices.
Correlation Coefficient0.37
Spearman Rank Test0.44
Residual Average0.0
Price Variance0.01

Mainstay Tax Advantaged lagged returns against current returns

Autocorrelation, which is Mainstay Tax mutual 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 Tax's mutual fund expected returns. We can calculate the autocorrelation of Mainstay Tax returns to help us make a trade decision. For example, suppose you find that Mainstay Tax has exhibited high autocorrelation historically, and you observe that the mutual 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 Tax 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 Tax mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mainstay Tax mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mainstay Tax mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Mainstay Tax Lagged Returns

When evaluating Mainstay Tax's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mainstay Tax mutual fund have on its future price. Mainstay Tax 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 Tax autocorrelation shows the relationship between Mainstay Tax mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Mainstay Tax Advantaged.
   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 Mutual Fund

Mainstay Tax 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 Tax security.
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