Mainstay Mackay Valuation
At this time, the fund appears to be fairly valued. Mainstay Mackay Strategic secures a last-minute Real Value of $9.41 per share. The latest price of the fund is $8.8. We determine the value of Mainstay Mackay Strategic 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.
About Mainstay Mackay Valuation
Our relative valuation model uses a comparative analysis of Mainstay Mackay. We calculate exposure to Mainstay Mackay's market risk, different technical and fundamental indicators, and relevant financial multiples and ratios and then compare them to those of Mainstay Mackay's related companies.The fund, under normal circumstances, invests at least 80 percent of its assets in municipal bonds, the income from which is exempt from federal income tax. Mainstay Mackay is traded on NASDAQ Exchange in the United States.
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.
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