Mainstay Tax Advantaged Fund Market Outlook
| MSTAX Fund | USD 9.43 0.01 0.11% |
Slightly above 55% of Mainstay Tax's investor base is interested to short. The analysis of overall sentiment of trading Mainstay Tax Advantaged mutual fund suggests that many investors are impartial at this time. Mainstay Tax's investing sentiment can be driven by a variety of factors including economic data, Mainstay Tax's earnings reports, geopolitical events, and overall market trends.
Comfort Level 45
Impartial
Panic | Confidence |
Today, several news technology companies offer sentiment data to assist traders in manufacturing news sentiment indicators for investment decisions. We partner with these technology firms in helping retail investors build forecasting models that use Mainstay Tax's input sentiment indicators derived from textual data and news published on major financial information outlets and social sites. These indicators can be used to analyze time-dependent numerical information representing public perception toward Mainstay Tax Advantaged.
News SentimentNeutral | Hype SentimentBearish | Insider SentimentWaiting |
Assuming the 90 days horizon and your above-average risk tolerance, our recommendation regarding Mainstay Tax Advantaged is 'Cautious Hold'. A buy or sell recommendation is an automated directive regarding whether to purchase or sell Mainstay Tax Advantaged given historical horizon and risk tolerance. When we issue a 'buy' or 'sell' recommendation for Mainstay Tax Advantaged, the advice is generated through an automated system that utilizes algorithms and statistical models.
Execute Mainstay Tax Advice
The Mainstay recommendation should be used to complement the investment advice compiled from the current analysts' consensus on Mainstay Tax Advantaged. Macroaxis does not own or have any residual interests in Mainstay Tax Advantaged or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Mainstay Tax's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Cautious Hold
Market Performance | High | Details | |
Volatility | Very steady | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Moves indifferently to market moves | Details | |
Analyst Consensus | Not Available | Details |
For the selected time horizon Mainstay Tax Advantaged has a Mean Deviation of 0.043, Standard Deviation of 0.0645 and Variance of 0.0042We provide investment recommendation to complement the last-minute expert consensus on Mainstay Tax Advantaged. Our dynamic recommendation engine harnesses a multidimensional algorithm to analyze the entity's potential to grow using all technical and fundamental data available at the time. Please exercise Mainstay Tax Advantaged one year return and bond positions weight to make buy, hold, or sell decision on Mainstay Tax Advantaged.
Mainstay Tax Trading Alerts and Improvement Suggestions
| Mainstay is showing solid risk-adjusted performance over 90 days | |
| The fund maintains most of the assets in different exotic instruments. |
Mainstay Tax Returns Distribution Density
The distribution of Mainstay Tax's historical returns is an attempt to chart the uncertainty of Mainstay Tax's future price movements. The chart of the probability distribution of Mainstay Tax daily returns describes the distribution of returns around its average expected value. We use Mainstay Tax Advantaged price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Mainstay Tax returns is essential to provide solid investment analysis for Mainstay Tax.
| Mean Return | 0.02 | Value At Risk | 0.00 | Potential Upside | 0.11 | Standard Deviation | 0.06 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Mainstay Tax historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Mainstay Tax Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Mainstay Tax or New York Life Investment Management LLC sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Mainstay Tax's price will be affected by overall mutual fund market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Mainstay fund's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | 0.01 | |
β | Beta against Dow Jones | -0.0077 | |
σ | Overall volatility | 0.07 | |
Ir | Information ratio | -0.71 |
Mainstay Tax Volatility Alert
Mainstay Tax Advantaged exhibits very low volatility with skewness of 2.49 and kurtosis of 7.77. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Mainstay Tax's mutual fund risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Mainstay Tax's mutual fund price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Mainstay Tax Fundamentals Vs Peers
Comparing Mainstay Tax's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Mainstay Tax's direct or indirect competition across all of the common fundamentals between Mainstay Tax and the related equities. This way, we can detect undervalued stocks with similar characteristics as Mainstay Tax or determine the mutual funds which would be an excellent addition to an existing portfolio. Peer analysis of Mainstay Tax's fundamental indicators could also be used in its relative valuation, which is a method of valuing Mainstay Tax by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Mainstay Tax to competition |
| Fundamentals | Mainstay Tax | Peer Average |
| Annual Yield | 0.03 % | 0.29 % |
| Year To Date Return | 0.85 % | 0.39 % |
| One Year Return | 4.58 % | 4.15 % |
| Three Year Return | 3.45 % | 3.60 % |
| Five Year Return | 1.48 % | 3.24 % |
| Ten Year Return | 0.99 % | 1.79 % |
| Net Asset | 1.26 B | 4.11 B |
| Cash Position Weight | 3.09 % | 10.61 % |
| Bond Positions Weight | 0.44 % | 11.24 % |
Mainstay Tax Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Mainstay . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 9.43 | |||
| Day Typical Price | 9.43 | |||
| Price Action Indicator | 0.005 | |||
| Period Momentum Indicator | 0.01 |
About Mainstay Tax Buy or Sell Advice
When is the right time to buy or sell Mainstay Tax Advantaged? Buying financial instruments such as Mainstay Mutual Fund isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
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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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