MainStay MacKay is down -0.11 percent despite significant market rise
 | By Vlad Skutelnik | Macroaxis Story |
This article is geared to all MainStay MacKay investors as well as to investors considering exiting their position in the fund. I will inspect why investors should continue to be optimistic in the fund outlook. MainStay MacKay Conv is now traded for17.80. The entity stock is not elastic to its hype. The firm is anticipated not to react to the next headline with price going to stay at about the same level and average media hype impact volatility of 3400.0%. The immediate return on the next news is anticipated to be very small where as daily expected return is now at 0.01%. The volatility of relative hype elasticity to MainStay MacKay is about 1416.67%%. The volatility of related hype on MainStay MacKay is about 1416.67% with expected price after next announcement by competition of 17.8. Assuming 30 trading days horizon, the next anticipated press release will be in about 9 days. MainStay MacKay Conv secures last-minute Real Value of $17.73 per share. The latest price of the fund is $17.8. At this time the organization appears to be fairly valued. We determine the value of MainStay MacKay Conv from analyzing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we recommend to purchase undervalued stocks and to get rid of overvalued stocks since at some point entities prices and their ongoing real values will merge together.
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Reviewed by Rifka Kats
The fund secures Beta (Market Risk) of 0.3782 which conveys that as returns on market increase, MainStay MacKay returns are expected to increase less than the market. However during bear market, the loss on holding MainStay MacKay will be expected to be smaller as well. Although it is extremely important to respect MainStay MacKay Conv price patterns, it is better to be realistic regarding the information on equity historical price patterns. The philosophy towards estimating future performance of any fund is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By analyzing MainStay MacKay Conv technical indicators you can presently evaluate if the expected return of 0.0146% will be sustainable into the future. The successful prediction of Mainstay Vertible stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as Mainstay Vertible Fund, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of Mainstay Vertible based on Mainstay Vertible hews, social hype, general headline patterns, and widely used predictive technical indicators. We also calculate exposure to Mainstay Vertible's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to Mainstay Vertible's related companies.
A focus of Mainstay Vertible technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Mainstay Vertible 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...
Use Technical Analysis to project Mainstay expected Price
Mainstay Vertible 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.
Sector Allocation
Exchange-Traded Funds use many different techniques to achieve diversification. One of the ways Mainstay Vertible ETF is managing risk is by picking assets from different sectors and across various asset classes. It helps to ensure that returns are uncorrelated, and risk is spread across the underlying asset classes and industries. Within the same asset class, diversification can be achieved by investing in various investment styles through cross-sector allocation. Below map breaks down Mainstay Vertible sector allocation.VolatilityInstrument Allocation
The asset allocation of funds such as Mainstay Vertible usually varies among a different mix of asset classes. Balanced mutual funds invest not only in bonds, which focus primarily on income, and stocks, which aim for investment growth, but also keep some reserve in cash or even exotic instruments. Below we show the current asset allocation of Mainstay Vertible Fund
DetailsBreaking it down a bit more
The current investor indifference towards the small price fluctuations of MainStay MacKay Convertible Fun may encourage investors to take a closer look at the organization as it closed today at a share price of 17.8 on 1.000 in trading volume. The fund managers did not add any value to MainStay MacKay Conv investors in October. However, most investors can still diversify their portfolios with MainStay MacKay Convertible Fun to hedge your portfolio against high-volatility market scenarios. The fund standard deviation of daily returns for 30 days (very short) investing horizon is currently 0.6786. The very small Fund volatility is a good signal to investors with longer term investment horizons. MainStay MacKay is trading at 17.80. This is 0.11% down. Opened at 17.80. The bottom line, our actual buy-sell advice on the fund is Strong Hold. MainStay MacKay is currently fairly valued with very small odds of financial turmoil for the next two years.
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This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Vlad Skutelnik do not own shares of Mainstay Vertible Fund. Please refer to our Terms of Use for any information regarding our disclosure principles.