Mainstay High Financials
| MHHIX Fund | USD 5.29 0.01 0.19% |
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 High Fund Summary
Mainstay High competes with Morningstar Defensive, Transamerica Intermediate, Georgia Tax-free, Pace Municipal, and California Bond. 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.Specialization | High Yield Bond, Large |
| Instrument | USA Mutual Fund View All |
| Exchange | NMFQS Exchange |
| ISIN | US56062X4768 |
| Business Address | MainStay Funds |
| Mutual Fund Family | MainStay |
| Mutual Fund Category | High Yield Bond |
| Benchmark | Dow Jones Industrial |
| Phone | 800 624 6782 |
| Currency | USD - US Dollar |
Mainstay High Key Financial Ratios
Mainstay Financial Ratios 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 109.52 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.Mainstay High Yield Systematic Risk
Mainstay High's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Mainstay High 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 three with a total number of output elements of fifty-eight. The Beta measures systematic risk based on how returns on Mainstay High Yield correlated with the market. If Beta is less than 0 Mainstay High generally moves in the opposite direction as compared to the market. If Mainstay High Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Mainstay High Yield is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Mainstay High is generally in the same direction as the market. If Beta > 1 Mainstay High moves generally in the same direction as, but more than the movement of the benchmark.
Mainstay High November 24, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Mainstay High help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Mainstay High Yield. We use our internally-developed statistical techniques to arrive at the intrinsic value of Mainstay High Yield 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 High's daily price indicators and compare them against related drivers.
| Downside Deviation | 0.1979 | |||
| Information Ratio | (0.77) | |||
| Maximum Drawdown | 0.57 | |||
| Value At Risk | (0.19) | |||
| Potential Upside | 0.1916 |
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.
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| FinTech Suite Use AI to screen and filter profitable investment opportunities | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm |