Mainstay Equity Allocation Fund Manager Performance Evaluation
| MGXSX Fund | USD 18.09 0.04 0.22% |
The fund secures a Beta (Market Risk) of 0.84, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Mainstay Equity's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mainstay Equity is expected to be smaller as well.
Risk-Adjusted Performance
7 of 100
Weak | Strong |
OK
Compared to the overall equity markets, risk-adjusted returns on investments in Mainstay Equity Allocation are ranked lower than 7 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong basic indicators, Mainstay Equity is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
...moreMainStay |
Mainstay Equity Relative Risk vs. Return Landscape
If you would invest 1,730 in Mainstay Equity Allocation on August 30, 2024 and sell it today you would earn a total of 79.00 from holding Mainstay Equity Allocation or generate 4.57% return on investment over 90 days. Mainstay Equity Allocation is currently producing 0.0735% returns and takes up 0.7242% volatility of returns over 90 trading days. Put another way, 6% 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 Equity Current Valuation
Fairly Valued
Today
Please note that Mainstay Equity's price fluctuation is very steady at this time. At this time, the fund appears to be fairly valued. Mainstay Equity Allo secures a last-minute Real Value of $17.91 per share. The latest price of the fund is $18.09. We determine the value of Mainstay Equity Allo 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 Equity is currently traded on the exchange, buyers and sellers on that exchange determine the market value of MainStay Mutual Fund. However, Mainstay Equity'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 18.09 | Real 17.91 | Hype 18.09 | Naive 18.08 |
The intrinsic value of Mainstay Equity'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 Equity'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 Equity Allocation 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 Equity more accurately as focusing exclusively on Mainstay Equity's fundamentals will not take into account other important factors: Mainstay Equity Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mainstay Equity's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Mainstay Equity Allocation, and traders can use it to determine the average amount a Mainstay Equity'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 = 0.1015
| Best Portfolio | Best Equity | |||
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| Cash | MGXSX | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 0.72 actual daily | 6 94% of assets are more volatile |
Expected Return
| 0.07 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.1 actual daily | 7 93% of assets perform better |
Based on monthly moving average Mainstay Equity is performing at about 7% of its full potential. 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 Equity by adding it to a well-diversified portfolio.
Mainstay Equity Fundamentals Growth
MainStay Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Mainstay Equity, and Mainstay Equity 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 | 423.18 M | ||||
About Mainstay Equity Performance
Evaluating Mainstay Equity's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Mainstay Equity 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 Equity 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 is a fund of funds that seeks to achieve its investment objective by investing in mutual funds and ETFs managed by New York Life Investments or its affiliates. It seeks to achieve its investment objective by normally investing substantially all of its assets in underlying equity funds . The fund may invest approximately 25 percent of its assets in underlying international equity funds. It may invest up to 10 percent of its assets in underlying fixed-income funds.Things to note about Mainstay Equity Allo performance evaluation
Checking the ongoing alerts about Mainstay Equity for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Mainstay Equity Allo help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.Evaluating Mainstay Equity's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Mainstay Equity's mutual fund performance include:- Analyzing Mainstay Equity'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 Equity's stock is overvalued or undervalued compared to its peers.
- Examining Mainstay Equity'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 Equity's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Mainstay Equity's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Mainstay Equity's mutual fund. These opinions can provide insight into Mainstay Equity's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in MainStay Mutual Fund
Mainstay Equity 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 Equity security.
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