Mainstay New Financials
| MNOIX Fund | USD 9.74 0.01 0.10% |
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 New Fund Summary
Mainstay New competes with Invesco Rochester, Oppenheimer Rochester, Oppenheimer Rochester, Vanguard New, and Franklin New. The fund, under normal circumstances, invests at least 80 percent of its assets in municipal bonds, whose interest is, in the opinion of bond counsel for the issuers at the time of issuance, exempt from federal and New York income taxes. It generally invests in municipal bonds that have a maturity of five years or longer at the time of purchase.Specialization | Muni New York Long, Large |
| Instrument | USA Mutual Fund View All |
| Exchange | NMFQS Exchange |
| Business Address | Mainstay Funds Trust |
| Mutual Fund Family | New York Life Investment Management LLC |
| Mutual Fund Category | Muni New York Long |
| Benchmark | Dow Jones Industrial |
| Phone | 800 624 6782 |
| Currency | USD - US Dollar |
Mainstay New Key Financial Ratios
Mainstay Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Mainstay New's current stock value. Our valuation model uses many indicators to compare Mainstay New value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Mainstay New competition to find correlations between indicators driving Mainstay New's intrinsic value. More Info.Mainstay New York is rated below average in annual yield among similar funds. It is number one fund in year to date return among similar funds creating about 1,044 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 New's earnings, one of the primary drivers of an investment's value.Mainstay New York Systematic Risk
Mainstay New's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Mainstay New 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 four with a total number of output elements of fifty-seven. The Beta measures systematic risk based on how returns on Mainstay New York correlated with the market. If Beta is less than 0 Mainstay New generally moves in the opposite direction as compared to the market. If Mainstay New Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Mainstay New York is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Mainstay New is generally in the same direction as the market. If Beta > 1 Mainstay New moves generally in the same direction as, but more than the movement of the benchmark.
Mainstay New November 27, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Mainstay New help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Mainstay New York. We use our internally-developed statistical techniques to arrive at the intrinsic value of Mainstay New York 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 New's daily price indicators and compare them against related drivers.
| Downside Deviation | 0.4198 | |||
| Information Ratio | (0.41) | |||
| Maximum Drawdown | 1.76 | |||
| Value At Risk | (0.41) | |||
| Potential Upside | 0.4128 |
Other Information on Investing in Mainstay Mutual Fund
Mainstay New 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 New security.
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