Mainstay Map Equity Fund Quote

MAPAX Fund  USD 29.28  0.42  1.46%   

Performance

7 of 100

 
Low
 
High
OK

Odds Of Distress

Less than 40

 
100  
 
Zero
Below Average
Mainstay Map is trading at 29.28 as of the 28th of March 2024; that is 1.46% increase since the beginning of the trading day. The fund's open price was 28.86. Mainstay Map has about a 40 percent probability of financial distress in the next few years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Mainstay Map Equity are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of February 2024 and ending today, the 28th of March 2024. Click here to learn more.
The fund invests in equity securities issued by companies of any size or market capitalization range. While it does not limit its investments to issuers within a particular capitalization range, it generally invests in large capitalization companies. The fund may invest in securities of foreign issuers, including securities of emerging market country issuers.. More on Mainstay Map Equity

Moving together with Mainstay Mutual Fund

  0.78MSPIX Mainstay Sp 500PairCorr
  0.93MBACX Mainstay Balanced FundPairCorr
  0.93MBAIX Mainstay Balanced FundPairCorr
  0.62MSTAX Mainstay Tax AdvantagedPairCorr
  0.64MSTIX Mainstay Tax AdvantagedPairCorr

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 Map's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Mainstay Map or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Fund ConcentrationNew York Life Investment Management LLC Funds, Large Value Funds, Large Value, New York Life Investment Management LLC (View all Sectors)
Update Date31st of March 2024
Expense Ratio Date28th of February 2023
Fiscal Year EndOctober
Mainstay Map Equity [MAPAX] is traded in USA and was established 28th of March 2024. Mainstay Map is listed under New York Life Investment Management LLC category by Fama And French industry classification. The fund is listed under Large Value category and is part of New York Life Investment Management LLC family. This fund now has accumulated 1.02 B in assets with no minimum investment requirementsMainstay Map Equity is currently producing year-to-date (YTD) return of 3.66% with the current yeild of 0.01%, while the total return for the last 3 years was 7.52%.
Check Mainstay Map 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 Map Equity 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 Map Equity Mutual Fund Constituents

CMCSAComcast CorpStockCommunication Services
ANTMAnthem IncStockHealthcare Plans
RTXRaytheon Technologies CorpStockIndustrials
BACBank Of AmericaStockFinancials
LSXMKLiberty MediaStockCommunication Services
LBRDKLiberty Broadband SrsStockCommunication Services
CVSCVS Health CorpStockHealth Care
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Mainstay Map Target Price Odds Analysis

Based on a normal probability distribution, the odds of Mainstay Map jumping above the current price in 90 days from now is under 4%. The Mainstay Map Equity probability density function shows the probability of Mainstay Map mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Mainstay Map Equity has a beta of -0.1047. This indicates as returns on benchmark increase, returns on holding Mainstay Map are expected to decrease at a much lower rate. During the bear market, however, Mainstay Map Equity is likely to outperform the market. Additionally, mainstay Map Equity has an alpha of 0.0904, implying that it can generate a 0.0904 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 28.86HorizonTargetOdds Above 28.86
96.04%90 days
 28.86 
3.83%
Based on a normal probability distribution, the odds of Mainstay Map to move above the current price in 90 days from now is under 4 (This Mainstay Map Equity probability density function shows the probability of Mainstay Mutual Fund to fall within a particular range of prices over 90 days) .

Mainstay Map Equity Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Mainstay Map market risk premium is the additional return an investor will receive from holding Mainstay Map 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 Map. 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 Map's alpha and beta are two of the key measurements used to evaluate Mainstay Map's performance over the market, the standard measures of volatility play an important role as well.

Mainstay Map Against Markets

Picking the right benchmark for Mainstay Map 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 Map 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 Map is critical whether you are bullish or bearish towards Mainstay Map Equity at a given time. Please also check how Mainstay Map'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 Map 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.

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How to buy Mainstay Mutual Fund?

Before investing in Mainstay Map, 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 Map. To buy Mainstay Map fund, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Mainstay Map. 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 Map fund. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Mainstay Map Equity 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 Map Equity 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 Map Equity, 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 Map Equity?

The danger of trading Mainstay Map Equity 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 Map 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 Map. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Mainstay Map Equity 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 Map Equity. 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 Map Equity information on this page should be used as a complementary analysis to other Mainstay Map'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 Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.

Complementary Tools for Mainstay Mutual Fund analysis

When running Mainstay Map's price analysis, check to measure Mainstay Map'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 Map is operating at the current time. Most of Mainstay Map's value examination focuses on studying past and present price action to predict the probability of Mainstay Map'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 Map's price. Additionally, you may evaluate how the addition of Mainstay Map to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Mainstay Map's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mainstay Map is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mainstay Map'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.