Mainstay New Cash Position Weight vs. Five Year Return

MNOVX Fund  USD 9.69  0.04  0.41%   
Based on the key profitability measurements obtained from Mainstay New's financial statements, Mainstay New York may not be well positioned to generate adequate gross income at this time. It has a very high probability of underperforming in January. Profitability indicators assess Mainstay New's ability to earn profits and add value for shareholders.
For Mainstay New profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Mainstay New to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Mainstay New York utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Mainstay New's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Mainstay New York over time as well as its relative position and ranking within its peers.
  
Check out Correlation Analysis.
Please note, there is a significant difference between Mainstay New's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mainstay New is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mainstay New'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 New York Five Year Return vs. Cash Position Weight Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Mainstay New's current stock value. Our valuation model uses many indicators to compare Mainstay New value to that of its competitors to determine the firm's financial worth.
Mainstay New York is number one fund in cash position weight among similar funds. It also is number one fund in five year return among similar funds reporting about  0.07  of Five Year Return per Cash Position Weight. The ratio of Cash Position Weight to Five Year Return for Mainstay New York is roughly  15.11 . 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 New's earnings, one of the primary drivers of an investment's value.

Mainstay Five Year Return vs. Cash Position Weight

Percentage of fund asset invested in cash equivalents or risk-free instruments. About 40% of all global funds carry cash on their balance sheet.

Mainstay New

Cash Percentage

 = 

% of Cash

in the fund

 = 
20.74 %
Funds or ETFs that have over 40% of their value invested in low-risk instruments or cash equivalents typically attract conservative investors.
Five Year Return is considered one of the best measures to evaluate fund performance, especially from the mid and long term perspective. It shows the total annualized return generated from holding equity for the last five years and represents capital appreciation of the investment, including all dividends, losses, and capital gains distributions.

Mainstay New

Five Year Return

 = 

(Mean of Monthly Returns - 1)

X

100%

 = 
1.37 %
Although Five Year Returns can give a sense of overall investment potential, it is recommended to compare equity performance with similar assets for the same five year time interval. Similarly, comparing overall investment performance over the last five years with the appropriate market index is a great way to determine how this equity instrument will perform during unforeseen market fluctuations.

Mainstay Five Year Return Comparison

Mainstay New is currently under evaluation in five year return among similar funds.

Mainstay New Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Mainstay New, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Mainstay New will eventually generate negative long term returns. The profitability progress is the general direction of Mainstay New's change in net profit over the period of time. It can combine multiple indicators of Mainstay New, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
The fund, under normal circumstances, 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 New York income taxes. It generally invests in municipal bonds that have a maturity of five years or longer at the time of purchase.

Mainstay Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Mainstay New. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Mainstay New position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Mainstay New's important profitability drivers and their relationship over time.

Use Mainstay New in pair-trading

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Mainstay New position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Mainstay New will appreciate offsetting losses from the drop in the long position's value.

Mainstay New Pair Trading

Mainstay New York Pair Trading Analysis

The ability to find closely correlated positions to Mainstay New could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mainstay New when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Mainstay New - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Mainstay New York to buy it.
The correlation of Mainstay New is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Mainstay New moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mainstay New York moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Mainstay New can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your Mainstay New position

In addition to having Mainstay New in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Chemicals Thematic Idea Now

Chemicals
Chemicals Theme
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Chemicals theme has 61 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Chemicals Theme or any other thematic opportunities.
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Other Information on Investing in Mainstay Mutual Fund

To fully project Mainstay New's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Mainstay New York at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Mainstay New's income statement, its balance sheet, and the statement of cash flows.
Potential Mainstay New investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Mainstay New investors may work on each financial statement separately, they are all related. The changes in Mainstay New's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Mainstay New's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.
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