Mainstay Convertible Financials
| MCNVX Fund | USD 19.23 0.08 0.42% |
Mainstay |
Please note that you must use caution to infer results of funds future performance. Investment returns and principal value will fluctuate so that investors' shares, when sold, may be worth more or less than their original cost.
Mainstay Convertible Fund Summary
Mainstay Convertible competes with Franklin Convertible, Mainstay Floating, Calamos Convertible, Mainstay High, and Cohen Steers. The fund, under normal circumstances, invests at least 80 percent of its assets in convertible securities such as bonds, debentures, corporate notes, and preferred stocks or other securities that are convertible into common stock or the cash value of a stock or a basket or index of equity securities. The balance of the fund may be invested or held in non-convertible debt, equity securities that do not pay regular dividends, U.S. government securities, and cash or cash equivalents.Specialization | Convertibles, Large Value |
| Instrument | USA Mutual Fund View All |
| Exchange | NMFQS Exchange |
| ISIN | US56063N6004 |
| Business Address | MainStay Funds |
| Mutual Fund Family | New York Life Investment Management LLC |
| Mutual Fund Category | Convertibles |
| Benchmark | Dow Jones Industrial |
| Phone | 800 624 6782 |
| Currency | USD - US Dollar |
Mainstay Convertible Key Financial Ratios
Mainstay Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Mainstay Convertible's current stock value. Our valuation model uses many indicators to compare Mainstay Convertible value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Mainstay Convertible competition to find correlations between indicators driving Mainstay Convertible's intrinsic value. More Info.Mainstay Vertible Fund is number one fund in price to earning among similar funds. It is regarded second largest fund in price to book among similar funds fabricating about 0.11 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for Mainstay Vertible Fund is roughly 9.20 . 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 Convertible's earnings, one of the primary drivers of an investment's value.Mainstay Convertible Systematic Risk
Mainstay Convertible's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Mainstay Convertible volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was thirty-six with a total number of output elements of twenty-five. The Beta measures systematic risk based on how returns on Mainstay Convertible correlated with the market. If Beta is less than 0 Mainstay Convertible generally moves in the opposite direction as compared to the market. If Mainstay Convertible Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Mainstay Convertible is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Mainstay Convertible is generally in the same direction as the market. If Beta > 1 Mainstay Convertible moves generally in the same direction as, but more than the movement of the benchmark.
Mainstay Convertible Thematic Clasifications
Mainstay Vertible Fund is part of Convertibles Funds investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Funds investing in convertibles debt instruments. Funds or Etfs that invest in debt that is expected to be converted into a predetermined amount of the company equity at some future date
This theme covers Funds investing in convertibles debt instruments. Funds or Etfs that invest in debt that is expected to be converted into a predetermined amount of the company equity at some future date. Get More Thematic Ideas
Mainstay Vertible Fund is number one fund in net asset among similar funds. Total Asset Under Management (AUM) of Convertibles category is currently estimated at about 23.13 Billion. Mainstay Convertible holds roughly 1.62 Billion in net asset claiming about 7% of funds in Convertibles category.| Convertibles Funds | View |
Mainstay Convertible February 7, 2025 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Mainstay Convertible help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Mainstay Vertible Fund. We use our internally-developed statistical techniques to arrive at the intrinsic value of Mainstay Vertible Fund based on widely used predictive technical indicators. In general, we focus on analyzing Mainstay Mutual Fund price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Mainstay Convertible's daily price indicators and compare them against related drivers.
| Downside Deviation | 0.6605 | |||
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 2.89 | |||
| Value At Risk | (0.64) | |||
| Potential Upside | 0.7862 |
Other Information on Investing in Mainstay Mutual Fund
Mainstay Convertible 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 Convertible security.
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