Mainstay Mackay Short Fund Manager Performance Evaluation
| MSTEX Fund | USD 9.29 0.01 0.11% |
The fund secures a Beta (Market Risk) of -0.0379, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Mainstay Mackay are expected to decrease at a much lower rate. During the bear market, Mainstay Mackay is likely to outperform the market.
Risk-Adjusted Performance
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Weak
Over the last 90 days Mainstay Mackay Short has generated negative risk-adjusted returns adding no value to fund investors. In spite of fairly strong technical and fundamental indicators, Mainstay Mackay is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
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Mainstay Mackay Relative Risk vs. Return Landscape
If you would invest 929.00 in Mainstay Mackay Short on September 13, 2024 and sell it today you would earn a total of 0.00 from holding Mainstay Mackay Short or generate 0.0% return on investment over 90 days. Mainstay Mackay Short is currently producing 1.0E-4% returns and takes up 0.1169% volatility of returns over 90 trading days. Put another way, 1% 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 |
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Mainstay Mackay Current Valuation
Overvalued
Today
Please note that Mainstay Mackay's price fluctuation is very steady at this time. Mainstay Mackay Short secures a last-minute Real Value of $8.92 per share. The latest price of the fund is $9.29. Our model forecasts the value of Mainstay Mackay Short from analyzing the fund technical indicators and probability of bankruptcy. In general, investors 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 Mackay is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Mainstay Mutual Fund. However, Mainstay Mackay'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 9.29 | Real 8.92 | Hype 9.3 | Naive 9.3 |
The intrinsic value of Mainstay Mackay'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 Mackay'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 Mackay Short 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 Mackay more accurately as focusing exclusively on Mainstay Mackay's fundamentals will not take into account other important factors: Mainstay Mackay Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mainstay Mackay's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Mainstay Mackay Short, and traders can use it to determine the average amount a Mainstay Mackay'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 = 6.0E-4
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| Negative Returns | MSTEX |
Estimated Market Risk
| 0.12 actual daily | 1 99% of assets are more volatile |
Expected Return
| 0.0 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.0 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Mainstay Mackay 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 Mackay by adding Mainstay Mackay to a well-diversified portfolio.
About Mainstay Mackay Performance
Evaluating Mainstay Mackay's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Mainstay Mackay 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 Mackay 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 normally invests at least 80 percent of its assets in municipal debt securities. It invests in an actively managed, diversified portfolio of tax-exempt municipal debt securities. The fund invests in investment grade securities. It may also invest up to 10 percent of its net assets in taxable municipal debt securities. Normally, the fund will have a dollar-weighted average maturity of three years or less.Things to note about Mainstay Mackay Short performance evaluation
Checking the ongoing alerts about Mainstay Mackay for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Mainstay Mackay Short help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.Evaluating Mainstay Mackay's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Mainstay Mackay's mutual fund performance include:- Analyzing Mainstay Mackay'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 Mackay's stock is overvalued or undervalued compared to its peers.
- Examining Mainstay Mackay'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 Mackay's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Mainstay Mackay's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Mainstay Mackay's mutual fund. These opinions can provide insight into Mainstay Mackay's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Mainstay Mutual Fund
Mainstay Mackay 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 Mackay security.
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments |