Mainstay Mon Stock Fund Market Value

MSOIX Fund  USD 37.94  0.45  1.20%   
Mainstay Mon's market value is the price at which a share of Mainstay Mon trades on a public exchange. It measures the collective expectations of Mainstay Mon Stock investors about its performance. Mainstay Mon is trading at 37.94 as of the 28th of March 2024; that is 1.20 percent up since the beginning of the trading day. The fund's open price was 37.49.
With this module, you can estimate the performance of a buy and hold strategy of Mainstay Mon Stock and determine expected loss or profit from investing in Mainstay Mon over a given investment horizon. Check out Mainstay Mon Correlation, Mainstay Mon Volatility and Mainstay Mon Alpha and Beta module to complement your research on Mainstay Mon.
Symbol

Please note, there is a significant difference between Mainstay Mon's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mainstay Mon is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mainstay Mon'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.

Mainstay Mon 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Mainstay Mon's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Mainstay Mon.
0.00
02/27/2024
No Change 0.00  0.0 
In 30 days
03/28/2024
0.00
If you would invest  0.00  in Mainstay Mon on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Mainstay Mon Stock or generate 0.0% return on investment in Mainstay Mon over 30 days. Mainstay Mon is related to or competes with State Farm, Mainstay, Mainstay Balanced, Mainstay Balanced, Mainstay Tax, Mainstay Mackay, and Mainstay Tax. Under normal circumstances, the fund invests at least 80 percent of its assets in common stocks More

Mainstay Mon Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Mainstay Mon's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Mainstay Mon Stock upside and downside potential and time the market with a certain degree of confidence.

Mainstay Mon Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Mainstay Mon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mainstay Mon's standard deviation. In reality, there are many statistical measures that can use Mainstay Mon historical prices to predict the future Mainstay Mon's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mainstay Mon's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
37.2737.9438.61
Details
Intrinsic
Valuation
LowRealHigh
36.4337.1041.73
Details
Naive
Forecast
LowNextHigh
37.2337.8938.56
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
37.2737.6738.06
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Mainstay Mon. Your research has to be compared to or analyzed against Mainstay Mon's peers to derive any actionable benefits. When done correctly, Mainstay Mon's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Mainstay Mon Stock.

Mainstay Mon Stock Backtested Returns

We consider Mainstay Mon very steady. Mainstay Mon Stock has Sharpe Ratio of 0.22, which conveys that the entity had a 0.22% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Mainstay Mon, which you can use to evaluate the volatility of the fund. Please verify Mainstay Mon's Mean Deviation of 0.5076, risk adjusted performance of 0.139, and Downside Deviation of 0.6816 to check out if the risk estimate we provide is consistent with the expected return of 0.15%. The fund secures a Beta (Market Risk) of -0.0372, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Mainstay Mon are expected to decrease at a much lower rate. During the bear market, Mainstay Mon is likely to outperform the market.

Auto-correlation

    
  0.68  

Good predictability

Mainstay Mon Stock has good predictability. Overlapping area represents the amount of predictability between Mainstay Mon time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Mainstay Mon Stock price movement. The serial correlation of 0.68 indicates that around 68.0% of current Mainstay Mon price fluctuation can be explain by its past prices.
Correlation Coefficient0.68
Spearman Rank Test0.65
Residual Average0.0
Price Variance0.12

Mainstay Mon Stock lagged returns against current returns

Autocorrelation, which is Mainstay Mon mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Mainstay Mon's mutual fund expected returns. We can calculate the autocorrelation of Mainstay Mon returns to help us make a trade decision. For example, suppose you find that Mainstay Mon has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

Mainstay Mon regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Mainstay Mon mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mainstay Mon mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mainstay Mon mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Mainstay Mon Lagged Returns

When evaluating Mainstay Mon's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mainstay Mon mutual fund have on its future price. Mainstay Mon autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Mainstay Mon autocorrelation shows the relationship between Mainstay Mon mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Mainstay Mon Stock.
   Regressed Prices   
       Timeline  

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Mainstay Mon in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Mainstay Mon's short interest history, or implied volatility extrapolated from Mainstay Mon options trading.

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Check out Mainstay Mon Correlation, Mainstay Mon Volatility and Mainstay Mon Alpha and Beta module to complement your research on Mainstay Mon.
You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.

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When running Mainstay Mon's price analysis, check to measure Mainstay Mon'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 Mon is operating at the current time. Most of Mainstay Mon's value examination focuses on studying past and present price action to predict the probability of Mainstay Mon'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 Mon's price. Additionally, you may evaluate how the addition of Mainstay Mon to your portfolios can decrease your overall portfolio volatility.
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Mainstay Mon 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.
A focus of Mainstay Mon technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Mainstay Mon trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...