Mainstay Definedterm Muncipal Fund Market Value
| MMD Fund | USD 14.70 0.10 0.68% |
| Symbol | Mainstay |
Mainstay Definedterm '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 Definedterm's 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 Definedterm.
| 04/28/2025 |
| 07/27/2025 |
If you would invest 0.00 in Mainstay Definedterm on April 28, 2025 and sell it all today you would earn a total of 0.00 from holding Mainstay Definedterm Muncipal or generate 0.0% return on investment in Mainstay Definedterm over 90 days. Mainstay Definedterm is related to or competes with DWS Municipal, Invesco Advantage, PGIM Short, Invesco Trust, Blackrock Municipal, Blackrock Muniyield, and Blackrock Muniholdings. MainStay DefinedTerm Municipal Opportunities Fund is a closed-ended fixed income mutual fund launched and managed by New... More
Mainstay Definedterm 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 Definedterm's 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 Definedterm Muncipal upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4539 | |||
| Information Ratio | (0.37) | |||
| Maximum Drawdown | 2.06 | |||
| Value At Risk | (0.62) | |||
| Potential Upside | 0.8299 |
Mainstay Definedterm Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mainstay Definedterm's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mainstay Definedterm's standard deviation. In reality, there are many statistical measures that can use Mainstay Definedterm historical prices to predict the future Mainstay Definedterm's volatility.| Risk Adjusted Performance | 0.0528 | |||
| Jensen Alpha | 0.0363 | |||
| Total Risk Alpha | (0.1) | |||
| Sortino Ratio | (0.38) | |||
| Treynor Ratio | (0.51) |
Mainstay Definedterm Backtested Returns
At this point, Mainstay Definedterm is very steady. Mainstay Definedterm has Sharpe Ratio of 0.0763, which conveys that the entity had a 0.0763 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Mainstay Definedterm, which you can use to evaluate the volatility of the fund. Please verify Mainstay Definedterm's Risk Adjusted Performance of 0.0528, mean deviation of 0.3808, and Downside Deviation of 0.4539 to check out if the risk estimate we provide is consistent with the expected return of 0.036%. The fund secures a Beta (Market Risk) of -0.0512, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Mainstay Definedterm are expected to decrease at a much lower rate. During the bear market, Mainstay Definedterm is likely to outperform the market.
Auto-correlation | 0.38 |
Below average predictability
Mainstay Definedterm Muncipal has below average predictability. Overlapping area represents the amount of predictability between Mainstay Definedterm time series from 28th of April 2025 to 12th of June 2025 and 12th of June 2025 to 27th of July 2025. 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 Definedterm price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Mainstay Definedterm price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Mainstay Definedterm lagged returns against current returns
Autocorrelation, which is Mainstay Definedterm 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 Definedterm's fund expected returns. We can calculate the autocorrelation of Mainstay Definedterm returns to help us make a trade decision. For example, suppose you find that Mainstay Definedterm has exhibited high autocorrelation historically, and you observe that the 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 Definedterm 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 Definedterm fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mainstay Definedterm fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mainstay Definedterm fund over time.
Current vs Lagged Prices |
| Timeline |
Mainstay Definedterm Lagged Returns
When evaluating Mainstay Definedterm's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mainstay Definedterm fund have on its future price. Mainstay Definedterm 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 Definedterm autocorrelation shows the relationship between Mainstay Definedterm fund current value and its past values and can show if there is a momentum factor associated with investing in Mainstay Definedterm Muncipal.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Mainstay Fund
Mainstay Definedterm financial ratios help investors to determine whether Mainstay Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Mainstay with respect to the benefits of owning Mainstay Definedterm security.
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