Mainstay High Yield Fund Manager Performance Evaluation
| MMHAX Fund | USD 11.76 0.03 0.25% |
The fund secures a Beta (Market Risk) of 0.0654, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Mainstay High's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mainstay High is expected to be smaller as well.
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
Over the last 90 days Mainstay High Yield has generated negative risk-adjusted returns adding no value to fund investors. In spite of fairly strong basic indicators, Mainstay High is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
...more| Expense Ratio Date | 28th of February 2023 | |
| Expense Ratio | 0.8700 |
Mainstay |
Mainstay High Relative Risk vs. Return Landscape
If you would invest 1,175 in Mainstay High Yield on February 23, 2024 and sell it today you would earn a total of 1.00 from holding Mainstay High Yield or generate 0.09% return on investment over 90 days. Mainstay High Yield is currently producing 0.0015% returns and takes up 0.2083% volatility of returns over 90 trading days. Put another way, 1% of traded mutual funds are less volatile than Mainstay, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Mainstay High Current Valuation
Fairly Valued
Today
Please note that Mainstay High's price fluctuation is very steady at this time. At this time, the fund appears to be fairly valued. Mainstay High Yield secures a last-minute Real Value of $11.76 per share. The latest price of the fund is $11.76. We determine the value of Mainstay High Yield 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.
Our valuation method for Mainstay High Yield is useful when determining the fair value of the Mainstay mutual fund, which is usually determined by what a typical buyer is willing to pay for full or partial control of Mainstay High. Since Mainstay High is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Mainstay Mutual Fund. However, Mainstay High's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 11.76 | Real 11.76 | Hype 11.76 |
The real value of Mainstay Mutual Fund, also known as its intrinsic value, is the underlying worth of Mainstay High Yield Mutual Fund, which is reflected in its stock price. It is based on Mainstay High's financial performance, assets, liabilities, growth prospects, management team, or industry conditions. The intrinsic value of Mainstay High's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Mainstay High's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Mainstay High Yield helps investors to forecast how Mainstay mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Mainstay High more accurately as focusing exclusively on Mainstay High's fundamentals will not take into account other important factors: Mainstay High Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mainstay High's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Mainstay High Yield, and traders can use it to determine the average amount a Mainstay High's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0074
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | MMHAX |
Estimated Market Risk
| 0.21 actual daily | 1 99% of assets are more volatile |
Expected Return
| 0.0 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Mainstay High is not performing at its full potential. However, 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 High by adding Mainstay High to a well-diversified portfolio.
Mainstay High Fundamentals Growth
Mainstay Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Mainstay High, and Mainstay High fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Mainstay Mutual Fund performance.
| Total Asset | 1.74 B | |||
About Mainstay High Performance
To evaluate Mainstay High Yield Mutual Fund as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Mainstay High generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Mainstay Mutual Fund's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Mainstay High Yield market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Mainstay's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.The fund invests at least 80 percent of its assets in municipal bonds. It may invest up to 10 percent of its net assets in municipal bonds that are the subject of bankruptcy proceedings, that are in default as to the payment of principal or interest, or that are rated in the lowest rating category by a NRSRO or if unrated, judged to be of comparable quality by the subadvisor.Things to note about Mainstay High Yield performance evaluation
Checking the ongoing alerts about Mainstay High for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Mainstay High Yield help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| The fund generated three year return of -1.0% | |
| Mainstay High Yield maintains about 9.42% of its assets in cash |
- Analyzing Mainstay High's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Mainstay High's stock is overvalued or undervalued compared to its peers.
- Examining Mainstay High's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Mainstay High's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Mainstay High's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Mainstay High's mutual fund. These opinions can provide insight into Mainstay High's potential for growth and whether the stock is currently undervalued or overvalued.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mainstay High Yield. 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 High Yield information on this page should be used as a complementary analysis to other Mainstay High'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 Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.