Mainstay Mackay Infrastructure Fund Price on October 7, 2024
MGVDX Fund | USD 7.59 0.02 0.26% |
If you're considering investing in Mainstay Mutual Fund, it is important to understand the factors that can impact its price. As of today, the current price of Mainstay Mackay stands at 7.59, as last reported on the 28th of November, with the highest price reaching 7.59 and the lowest price hitting 7.59 during the day. Mainstay Mackay Infr has Sharpe Ratio of -0.0123, which conveys that the entity had a -0.0123% return per unit of risk over the last 3 months. Mainstay Mackay exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mainstay Mackay's Mean Deviation of 0.2172, standard deviation of 0.302, and Risk Adjusted Performance of (0.02) to check out the risk estimate we provide.
Mainstay Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Mainstay |
Sharpe Ratio = -0.0123
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Estimated Market Risk
0.3 actual daily | 2 98% of assets are more volatile |
Expected Return
0.0 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Mainstay Mackay is not performing at its full potential. However, 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 Mackay by adding Mainstay Mackay to a well-diversified portfolio.
Mainstay Mackay Valuation on October 7, 2024
It is possible to determine the worth of Mainstay Mackay on a given historical date. On October 7, 2024 Mainstay was worth 7.63 at the beginning of the trading date compared to the closed value of 7.63. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Mainstay Mackay mutual fund. Still, in general, we apply an absolute valuation method to find Mainstay Mackay'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 Mackay where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Mainstay Mackay's related companies.
Open | High | Low | Close | Volume | |
7.65 | 7.65 | 7.65 | 7.65 | 1.00 | |
10/07/2024 | 7.63 | 7.63 | 7.63 | 7.63 | 1.00 |
7.63 | 7.63 | 7.63 | 7.63 | 1.00 |
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Mainstay Mackay Trading Date Momentum on October 7, 2024
On October 08 2024 Mainstay Mackay Infrastructure was traded for 7.63 at the closing time. The highest daily price throughout the period was 7.63 and the lowest price was 7.63 . There was no trading activity during the period 1.0. Lack of trading volume on 10/08/2024 did not cause price change. The trading delta at closing time to current closing price is 0.26% . |
Mainstay Mackay Infr Fundamentals Correlations and Trends
By evaluating Mainstay Mackay'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 Mackay'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 Mackay Mutual Fund history
Mainstay Mackay 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 Mackay Infr 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 Mackay stock prices may prove useful in developing a viable investing in Mainstay Mackay
The fund, under normal circumstances, invests at least 80 percent of its assets in an actively managed, diversified portfolio of U.S. infrastructure-related debt issuers andor securities intended primarily to finance infrastructure-related activities. MainStay MacKay is traded on NASDAQ Exchange in the United States.
Mainstay Mackay Mutual Fund Technical Analysis
Mainstay Mackay 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 Mackay Period Price Range
Low | November 28, 2024
| High |
0.00 | 0.00 |
Mainstay Mackay Infrastructure 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 Mackay November 28, 2024 Market Strength
Market strength indicators help investors to evaluate how Mainstay Mackay 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 Mackay shares will generate the highest return on investment. By undertsting and applying Mainstay Mackay mutual fund market strength indicators, traders can identify Mainstay Mackay Infrastructure entry and exit signals to maximize returns
Mainstay Mackay Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Mainstay Mackay'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 | (0.02) | |||
Jensen Alpha | (0) | |||
Total Risk Alpha | (0.06) | |||
Treynor Ratio | 0.1387 |
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Other Information on Investing in Mainstay Mutual Fund
Mainstay Mackay 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 Mackay security.
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