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.
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.
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.
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
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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Try AI Portfolio ArchitectVlad Skutelnik is a Macroaxis Contributor. Vlad covers stocks, funds, cryptocurrencies, and ETFs that are traded in North America, focusing primarily on fundamentals, valuation and market volatility. He has many years of experience in fintech, predictive investment analytics, and risk management.
View Profile 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
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