Mainstay Nerstone Growth Fund Quote
KLGAX Fund | USD 45.16 0.09 0.20% |
Performance14 of 100
| Odds Of DistressLess than 35
|
Mainstay Nerstone is trading at 45.16 as of the 28th of March 2024; that is 0.20 percent increase since the beginning of the trading day. The fund's open price was 45.07. Mainstay Nerstone has about a 35 percent probability of financial distress in the next few years of operation but had a somewhat good performance during the last 90 days. Equity ratings for Mainstay Nerstone Growth are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 7th of June 2022 and ending today, the 28th of March 2024. Click here to learn more.
The fund invests primarily in stocks of large-capitalization U.S. companies considered to have above-average earnings growth potential and reasonable stock prices in comparison with expected earnings. Under normal circumstances, at least 80 percent of its assets will be invested in securities issued by U.S. More on Mainstay Nerstone Growth
Moving together with Mainstay Mutual Fund
0.99 | MSPIX | Mainstay Sp 500 | PairCorr |
0.66 | MBACX | Mainstay Balanced Fund | PairCorr |
0.62 | MBAIX | Mainstay Balanced Fund | PairCorr |
0.65 | MSTEX | Mainstay Mackay Short | PairCorr |
0.61 | MSTIX | Mainstay Tax Advantaged | PairCorr |
Mainstay Mutual Fund Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Mainstay Nerstone's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Mainstay Nerstone or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Fund Concentration | New York Life Investment Management LLC Funds, Large Growth Funds, Large Growth, New York Life Investment Management LLC (View all Sectors) |
Update Date | 31st of March 2024 |
Expense Ratio Date | 28th of February 2023 |
Fiscal Year End | October |
Mainstay Nerstone Growth [KLGAX] is traded in USA and was established 28th of March 2024. Mainstay Nerstone is listed under New York Life Investment Management LLC category by Fama And French industry classification. The fund is listed under Large Growth category and is part of New York Life Investment Management LLC family. This fund now has accumulated 808.7 M in assets with no minimum investment requirementsMainstay Nerstone Growth is currently producing year-to-date (YTD) return of 12.14%, while the total return for the last 3 years was 6.19%.
Check Mainstay Nerstone Probability Of Bankruptcy
Instrument Allocation
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Mainstay Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Mainstay Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Mainstay Nerstone Growth Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Mainstay Nerstone Growth Mutual Fund Constituents
ABBV | AbbVie Inc | Stock | Health Care |
CMCSA | Comcast Corp | Stock | Communication Services |
MCD | McDonalds | Stock | Consumer Discretionary |
BA | The Boeing | Stock | Industrials |
MO | Altria Group | Stock | Consumer Staples |
V | Visa Class A | Stock | Financials |
AAPL | Apple Inc | Stock | Information Technology |
Mainstay Nerstone Target Price Odds Analysis
Based on a normal probability distribution, the odds of Mainstay Nerstone jumping above the current price in 90 days from now is about 11.29%. The Mainstay Nerstone Growth probability density function shows the probability of Mainstay Nerstone mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon the mutual fund has a beta coefficient of 1.162. This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Mainstay Nerstone will likely underperform. Additionally, mainstay Nerstone Growth has an alpha of 0.036, implying that it can generate a 0.036 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Mainstay Nerstone to move above the current price in 90 days from now is about 11.29 (This Mainstay Nerstone Growth probability density function shows the probability of Mainstay Mutual Fund to fall within a particular range of prices over 90 days) .
Mainstay Nerstone Growth Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Mainstay Nerstone market risk premium is the additional return an investor will receive from holding Mainstay Nerstone long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Mainstay Nerstone. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Mainstay Nerstone's alpha and beta are two of the key measurements used to evaluate Mainstay Nerstone's performance over the market, the standard measures of volatility play an important role as well.
Mean Deviation | 0.7002 | |||
Semi Deviation | 0.6309 | |||
Standard Deviation | 0.955 | |||
Variance | 0.912 |
Mainstay Nerstone Against Markets
Picking the right benchmark for Mainstay Nerstone mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Mainstay Nerstone mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Mainstay Nerstone is critical whether you are bullish or bearish towards Mainstay Nerstone Growth at a given time. Please also check how Mainstay Nerstone's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Mainstay Nerstone without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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How to buy Mainstay Mutual Fund?
Before investing in Mainstay Nerstone, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Mainstay Nerstone. To buy Mainstay Nerstone fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Mainstay Nerstone. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Mainstay Nerstone fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Mainstay Nerstone Growth fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Mainstay Nerstone Growth fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as Mainstay Nerstone Growth, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Mainstay Nerstone Growth?
The danger of trading Mainstay Nerstone Growth is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Mainstay Nerstone is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Mainstay Nerstone. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Mainstay Nerstone Growth is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mainstay Nerstone Growth. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the Mainstay Nerstone Growth information on this page should be used as a complementary analysis to other Mainstay Nerstone's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Complementary Tools for Mainstay Mutual Fund analysis
When running Mainstay Nerstone's price analysis, check to measure Mainstay Nerstone's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Mainstay Nerstone is operating at the current time. Most of Mainstay Nerstone's value examination focuses on studying past and present price action to predict the probability of Mainstay Nerstone's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mainstay Nerstone's price. Additionally, you may evaluate how the addition of Mainstay Nerstone to your portfolios can decrease your overall portfolio volatility.
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