Mainstay Sp 500 Fund Price on May 10, 2024
| MSPIX Fund | USD 60.21 0.09 0.15% |
Below is the normalized historical share price chart for Mainstay Sp 500 extending back to February 19, 1991. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Mainstay stands at 60.21, as last reported on the 5th of June, with the highest price reaching 60.21 and the lowest price hitting 60.21 during the day.
If you're considering investing in Mainstay Mutual Fund, it is important to understand the factors that can impact its price. We consider Mainstay very steady. Mainstay Sp 500 has Sharpe Ratio of 0.0698, which conveys that the entity had a 0.0698% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Mainstay, which you can use to evaluate the volatility of the fund. Please verify Mainstay's Downside Deviation of 0.6982, risk adjusted performance of 0.0473, and Mean Deviation of 0.5444 to check out if the risk estimate we provide is consistent with the expected return of 0.0477%.
Mainstay Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Mainstay |
Sharpe Ratio = 0.0698
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| Negative Returns | MSPIX |
Estimated Market Risk
| 0.68 actual daily | 6 94% of assets are more volatile |
Expected Return
| 0.05 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average Mainstay is performing at about 5% 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 by adding it to a well-diversified portfolio.
Mainstay Valuation on May 10, 2024
It is possible to determine the worth of Mainstay on a given historical date. On May 10, 2024 Mainstay was worth 59.37 at the beginning of the trading date compared to the closed value of 59.37. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Mainstay mutual fund. Still, in general, we apply an absolute valuation method to find Mainstay's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Mainstay where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Mainstay's related companies.
| Open | High | Low | Close | Volume | |
| 59.27 | 59.27 | 59.27 | 59.27 | 1.00 | |
05/10/2024 | 59.37 | 59.37 | 59.37 | 59.37 | 1.00 |
| 59.36 | 59.36 | 59.36 | 59.36 | 1.00 |
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Mainstay Trading Date Momentum on May 10, 2024
| On May 13 2024 Mainstay Sp 500 was traded for 59.36 at the closing time. The highest daily price throughout the period was 59.36 and the lowest price was 59.36 . There was no trading activity during the period 1.0. Lack of trading volume on 05/13/2024 added to the next day price reduction. The trading delta at closing time to closing price of the next trading day was 0.02% . The trading delta at closing time to current closing price is 1.70% . |
Mainstay Sp 500 Fundamentals Correlations and Trends
By evaluating Mainstay's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Mainstay's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Mainstay financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Mainstay Mutual Fund history
Mainstay investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Mainstay is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Mainstay Sp 500 will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Mainstay stock prices may prove useful in developing a viable investing in Mainstay
The fund normally invests at least 80 percent of its assets in stocks as represented in the Standard Poors 500 Index in the same proportion, to the extent feasible. It may invest up to 20 percent of its total assets in options and futures contracts to maintain cash reserves, while being fully invested, to facilitate trading or to reduce transaction costs.
Mainstay Mutual Fund Technical Analysis
Mainstay technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
Price Boundaries
Mainstay Period Price Range
Low | May 10, 2024
| High |
59.37 | 59.37 |
Mainstay June 5, 2024 Market Strength
Market strength indicators help investors to evaluate how Mainstay mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Mainstay shares will generate the highest return on investment. By undertsting and applying Mainstay mutual fund market strength indicators, traders can identify Mainstay Sp 500 entry and exit signals to maximize returns
Mainstay Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Mainstay's price direction in advance. Along with the technical and fundamental analysis of Mainstay Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Mainstay to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0473 | |||
| Jensen Alpha | 0.0326 | |||
| Total Risk Alpha | 0.0308 | |||
| Sortino Ratio | 0.0455 | |||
| Treynor Ratio | 0.0453 |
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| Volatility Indicators | ||
| Volume Indicators |
Other Information on Investing in Mainstay Mutual Fund
Mainstay 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 security.
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