Mainstay Tax Financials
| MTBAX Fund | USD 9.39 0.02 0.21% |
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 Tax Fund Summary
Mainstay Tax competes with Schwab Treasury, Ab Bond, Tiaa-cref Inflation, Arrow Managed, and Ab Municipal. The fund, under normal circumstances, invests at least 80 percent of its assets in municipal bonds that are rated investment grade. On average, it will invest in municipal bonds that have a maturity range of 10 to 30 years. The fund may not invest more than 20 percent of its net assets in tax-exempt securities subject to the federal alternative minimum tax.Specialization | Muni National Long, Large |
| Instrument | USA Mutual Fund View All |
| Exchange | NMFQS Exchange |
| ISIN | US56062F7565 |
| Business Address | MainStay Funds |
| Mutual Fund Family | New York Life Investment Management LLC |
| Mutual Fund Category | Muni National Long |
| Benchmark | Dow Jones Industrial |
| Phone | 800 624 6782 |
| Currency | USD - US Dollar |
Mainstay Tax Key Financial Ratios
Mainstay Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Mainstay Tax's current stock value. Our valuation model uses many indicators to compare Mainstay Tax value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Mainstay Tax competition to find correlations between indicators driving Mainstay Tax's intrinsic value. More Info.Mainstay Tax Free 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 347.17 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 Tax's earnings, one of the primary drivers of an investment's value.Mainstay Tax Free Systematic Risk
Mainstay Tax's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Mainstay Tax 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 Tax Free correlated with the market. If Beta is less than 0 Mainstay Tax generally moves in the opposite direction as compared to the market. If Mainstay Tax Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Mainstay Tax Free is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Mainstay Tax is generally in the same direction as the market. If Beta > 1 Mainstay Tax moves generally in the same direction as, but more than the movement of the benchmark.
Mainstay Tax November 23, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Mainstay Tax help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Mainstay Tax Free. We use our internally-developed statistical techniques to arrive at the intrinsic value of Mainstay Tax Free 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 Tax's daily price indicators and compare them against related drivers.
| Downside Deviation | 0.3624 | |||
| Information Ratio | (0.54) | |||
| Maximum Drawdown | 1.28 | |||
| Value At Risk | (0.32) | |||
| Potential Upside | 0.3222 |
Other Information on Investing in Mainstay Mutual Fund
Mainstay Tax 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 Tax security.
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