Mainstay High Financial Statements From 2010 to 2024
| MHCAX Fund | USD 5.25 0.01 0.19% |
Check Mainstay High financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Mainstay High's main balance sheet or income statement drivers, such as , as well as many indicators such as . Mainstay financial statements analysis is a perfect complement when working with Mainstay High Valuation or Volatility modules.
Mainstay |
Mainstay High Yield Mutual Fund Year To Date Return Analysis
Mainstay High's Year to Date Return (YTD) is the total return generated from holding a security from the beginning of the current fiscal year. In other words, YTD Return represents the capital appreciation of your investments from the start of the current fiscal year.
More About Year To Date Return | All Equity Analysis
YTD Return | = | (Mean of Monthly Returns - 1) | X | 100% |
Current Mainstay High Year To Date Return | 6.49 % |
Most of Mainstay High's fundamental indicators, such as Year To Date Return, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Mainstay High Yield is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Year-To-Date typically refers to a period starting from the beginning of the current year and continuing up to the present day. Investors should becareful when comparing YTD ratios if not much of the year has occurred as research shows that YTD measures are more sensitive to early periods than late.
| Competition |
Based on the company's disclosures, Mainstay High Yield has a Year To Date Return of 6.4892%. This is much higher than that of the New York Life Investment Management LLC family and significantly higher than that of the High Yield Bond category. The year to date return for all United States funds is notably lower than that of the firm.
Mainstay High Yield Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Mainstay High's current stock value. Our valuation model uses many indicators to compare Mainstay High value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Mainstay High competition to find correlations between indicators driving Mainstay High's intrinsic value. More Info.Mainstay High Yield is number one fund in annual yield among similar funds. It also is number one fund in year to date return among similar funds creating about 109.25 of Year To Date Return per Annual Yield. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Mainstay High's earnings, one of the primary drivers of an investment's value.About Mainstay High Financial Statements
Mainstay High investors use historical fundamental indicators, such as Mainstay High's revenue or net income, to determine how well the company is positioned to perform in the future. Understanding over-time patterns can help investors decide on long-term investments in Mainstay High. Please read more on our technical analysis and fundamental analysis pages.
The fund, under normal circumstances, invests at least 80 percent of its assets in high-yield corporate debt securities, including all types of high-yield domestic and foreign corporate debt securities that are rated below investment grade or that are unrated but are considered to be of comparable quality by the Subadvisor. It may invest up to 20 percent of its net assets in common stocks and other equity-related securities.
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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 Mutual Fund
Mainstay High financial ratios help investors to determine whether Mainstay Mutual 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 High security.
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