Mainstay Government Fund Manager Performance Evaluation
| MGVNX Fund | USD 7.55 0.02 0.26% |
The fund secures a Beta (Market Risk) of -0.1, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Mainstay Government are expected to decrease at a much lower rate. During the bear market, Mainstay Government is likely to outperform the market.
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
Over the last 90 days Mainstay Government Fund has generated negative risk-adjusted returns adding no value to fund investors. In spite of fairly strong basic indicators, Mainstay Government is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
...more| Expense Ratio | 1.1500 |
Mainstay |
Mainstay Government Relative Risk vs. Return Landscape
If you would invest 767.00 in Mainstay Government Fund on September 5, 2024 and sell it today you would lose (12.00) from holding Mainstay Government Fund or give up 1.56% of portfolio value over 90 days. Mainstay Government Fund is currently producing negative expected returns and takes up 0.3034% volatility of returns over 90 trading days. Put another way, 2% of traded mutual funds are less volatile than Mainstay, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Mainstay Government Current Valuation
Overvalued
Today
Please note that Mainstay Government's price fluctuation is very steady at this time. At this time, the fund appears to be overvalued. Mainstay Government secures a last-minute Real Value of $7.18 per share. The latest price of the fund is $7.55. We determine the value of Mainstay Government from analyzing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we recommend acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will merge together.
Since Mainstay Government is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Mainstay Mutual Fund. However, Mainstay Government's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 7.55 | Real 7.18 | Hype 7.55 | Naive 7.59 |
The intrinsic value of Mainstay Government's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Mainstay Government's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Mainstay Government Fund helps investors to forecast how Mainstay mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Mainstay Government more accurately as focusing exclusively on Mainstay Government's fundamentals will not take into account other important factors: Mainstay Government Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mainstay Government's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Mainstay Government Fund, and traders can use it to determine the average amount a Mainstay Government's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0797
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | MGVNX |
Estimated Market Risk
| 0.3 actual daily | 2 98% of assets are more volatile |
Expected Return
| -0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.08 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Mainstay Government 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 Government by adding Mainstay Government to a well-diversified portfolio.
Mainstay Government Fundamentals Growth
Mainstay Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Mainstay Government, and Mainstay Government fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Mainstay Mutual Fund performance.
| Total Asset | 603.55 M | ||||
About Mainstay Government Performance
Evaluating Mainstay Government's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Mainstay Government has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Mainstay Government has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
The fund, under normal circumstances, invests at least 80 percent of its assets in an actively managed, diversified portfolio of U.S. infrastructure-related debt issuers andor securities intended primarily to finance infrastructure-related activities. It invests at least 60 percent of its assets in taxable municipal debt securities. It may invest up to 20 percent of its assets in tax-exempt municipal debt securities.Things to note about Mainstay Government performance evaluation
Checking the ongoing alerts about Mainstay Government for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Mainstay Government help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Mainstay Government generated a negative expected return over the last 90 days | |
| The fund generated three year return of -1.0% | |
| Mainstay Government maintains about 5.05% of its assets in cash |
- Analyzing Mainstay Government's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Mainstay Government's stock is overvalued or undervalued compared to its peers.
- Examining Mainstay Government's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Mainstay Government's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Mainstay Government's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Mainstay Government's mutual fund. These opinions can provide insight into Mainstay Government's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Mainstay Mutual Fund
Mainstay Government 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 Government security.
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years |