Mainstay Definedterm Muncipal Fund Probability of Future Fund Price Finishing Under 13.14
| MMD Fund | USD 15.82 0.07 0.44% |
Mainstay |
Mainstay Definedterm Target Price Odds to finish below 13.14
The tendency of Mainstay Fund price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to drop to $ 13.14 or more in 90 days |
| 15.82 | 90 days | 13.14 | near 1 |
Based on a normal probability distribution, the odds of Mainstay Definedterm to drop to $ 13.14 or more in 90 days from now is near 1 (This Mainstay Definedterm Muncipal probability density function shows the probability of Mainstay Fund to fall within a particular range of prices over 90 days) . Probability of Mainstay Definedterm price to stay between $ 13.14 and its current price of $15.82 at the end of the 90-day period is near 1 .
Considering the 90-day investment horizon Mainstay Definedterm has a beta of 0.0316. This indicates as returns on the market go up, Mainstay Definedterm average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Mainstay Definedterm Muncipal will be expected to be much smaller as well. Additionally Mainstay Definedterm Muncipal has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Mainstay Definedterm Price Density |
| Price |
Predictive Modules for Mainstay Definedterm
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Mainstay Definedterm. Regardless of method or technology, however, to accurately forecast the fund market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the fund market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Mainstay Definedterm Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Mainstay Definedterm is not an exception. The market had few large corrections towards the Mainstay Definedterm's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Mainstay Definedterm Muncipal, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Mainstay Definedterm within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.09 | |
β | Beta against Dow Jones | 0.03 | |
σ | Overall volatility | 0.24 | |
Ir | Information ratio | -0.41 |
Mainstay Definedterm Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Mainstay Definedterm for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Mainstay Definedterm can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Mainstay Definedterm generated a negative expected return over the last 90 days | |
| The fund generated three year return of -2.0% |
Mainstay Definedterm Technical Analysis
Mainstay Definedterm's future price can be derived by breaking down and analyzing its technical indicators over time. Mainstay Fund technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Mainstay Definedterm Muncipal. In general, you should focus on analyzing Mainstay Fund price patterns and their correlations with different microeconomic environments and drivers.
Mainstay Definedterm Predictive Forecast Models
Mainstay Definedterm's time-series forecasting models is one of many Mainstay Definedterm's fund analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Mainstay Definedterm's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the fund market movement and maximize returns from investment trading.
Things to note about Mainstay Definedterm
Checking the ongoing alerts about Mainstay Definedterm for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Mainstay Definedterm help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Mainstay Definedterm generated a negative expected return over the last 90 days | |
| The fund generated three year return of -2.0% |
Other Information on Investing in Mainstay Fund
Mainstay Definedterm financial ratios help investors to determine whether Mainstay 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 Definedterm security.
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