Mainstay Candriam Emerging Fund Price on November 26, 2024
| MCYCX Fund | USD 10.01 0.06 0.60% |
Below is the normalized historical share price chart for Mainstay Candriam Emerging extending back to November 16, 2017. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Mainstay Candriam stands at 10.01, as last reported on the 1st of December, with the highest price reaching 10.01 and the lowest price hitting 10.01 during the day.
If you're considering investing in Mainstay Mutual Fund, it is important to understand the factors that can impact its price. At this stage we consider Mainstay Mutual Fund to be very steady. Mainstay Candriam has Sharpe Ratio of 0.0512, which conveys that the entity had a 0.0512% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Mainstay Candriam, which you can use to evaluate the volatility of the fund. Please verify Mainstay Candriam's Mean Deviation of 0.681, risk adjusted performance of 0.0179, and Downside Deviation of 0.89 to check out if the risk estimate we provide is consistent with the expected return of 0.043%.
Mainstay Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Mainstay |
Sharpe Ratio = 0.0512
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| Negative Returns | MCYCX |
Estimated Market Risk
| 0.84 actual daily | 7 93% of assets are more volatile |
Expected Return
| 0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.05 actual daily | 4 96% of assets perform better |
Based on monthly moving average Mainstay Candriam is performing at about 4% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Mainstay Candriam by adding it to a well-diversified portfolio.
Mainstay Candriam Valuation on November 26, 2024
It is possible to determine the worth of Mainstay Candriam on a given historical date. On November 26, 2024 Mainstay was worth 10.04 at the beginning of the trading date compared to the closed value of 10.04. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Mainstay Candriam mutual fund. Still, in general, we apply an absolute valuation method to find Mainstay Candriam's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Mainstay Candriam where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Mainstay Candriam's related companies.
| Open | High | Low | Close | Volume | |
| 10.11 | 10.11 | 10.11 | 10.11 | 1.00 | |
11/26/2024 | 10.04 | 10.04 | 10.04 | 10.04 | 1.00 |
| 10.07 | 10.07 | 10.07 | 10.07 | 1.00 |
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Mainstay Candriam Trading Date Momentum on November 26, 2024
| On November 27 2024 Mainstay Candriam Emerging was traded for 10.07 at the closing time. The highest daily price throughout the period was 10.07 and the lowest price was 10.07 . There was no trading activity during the period 1.0. Lack of trading volume on 11/27/2024 added to the next day price jump. The trading delta at closing time to closing price of the next trading day was 0.30% . The trading delta at closing time to current closing price is 0.30% . |
Mainstay Candriam Fundamentals Correlations and Trends
By evaluating Mainstay Candriam's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Mainstay Candriam's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Mainstay financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Mainstay Candriam Mutual Fund history
Mainstay Candriam investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Mainstay is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Mainstay Candriam will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Mainstay Candriam stock prices may prove useful in developing a viable investing in Mainstay Candriam
Under normal circumstances, the fund invests at least 80 percent of its assets in equity securities or equity-related securities issued by entities in, or tied economically to, emerging markets. These securities may be denominated in U.S. or non-U.S. currencies. The fund may also invest in ETFs to obtain this exposure or for other investment purposes. It may also invest in ADRs, Global Depositary Receipts and non-voting Depositary Receipts.
Mainstay Candriam Mutual Fund Technical Analysis
Mainstay Candriam technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
Price Boundaries
Mainstay Candriam Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
Mainstay Candriam Emerging cannot be verified against its exchange. Please verify the symbol is currently traded on NMFQS Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Mainstay Candriam December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how Mainstay Candriam mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Mainstay Candriam shares will generate the highest return on investment. By undertsting and applying Mainstay Candriam mutual fund market strength indicators, traders can identify Mainstay Candriam Emerging entry and exit signals to maximize returns
Mainstay Candriam Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Mainstay Candriam's price direction in advance. Along with the technical and fundamental analysis of Mainstay Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Mainstay to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0179 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | (0.13) | |||
| Treynor Ratio | 0.0357 |
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Other Information on Investing in Mainstay Mutual Fund
Mainstay Candriam 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 Candriam security.
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