Mainstay Definedterm Muncipal Fund Price on January 3, 2023
MMD Fund | USD 15.82 0.07 0.44% |
If you're considering investing in Mainstay Fund, it is important to understand the factors that can impact its price. As of today, the current price of Mainstay Definedterm stands at 15.82, as last reported on the 23rd of November, with the highest price reaching 15.85 and the lowest price hitting 15.76 during the day. Mainstay Definedterm has Sharpe Ratio of -0.14, which conveys that the entity had a -0.14% return per unit of risk over the last 3 months. Mainstay Definedterm exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mainstay Definedterm's Risk Adjusted Performance of (0.12), standard deviation of 0.4985, and Mean Deviation of 0.309 to check out the risk estimate we provide.
Mainstay Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Mainstay |
Sharpe Ratio = -0.1446
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Estimated Market Risk
0.5 actual daily | 4 96% of assets are more volatile |
Expected Return
-0.07 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.14 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Mainstay Definedterm 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 Definedterm by adding Mainstay Definedterm to a well-diversified portfolio.
Mainstay Definedterm Valuation on January 3, 2023
It is possible to determine the worth of Mainstay Definedterm on a given historical date. On January 3, 2023 Mainstay was worth 14.83 at the beginning of the trading date compared to the closed value of 14.97. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Mainstay Definedterm fund. Still, in general, we apply an absolute valuation method to find Mainstay Definedterm'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 Definedterm where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Mainstay Definedterm's related companies.
Open | High | Low | Close | Volume | |
14.64 | 14.74 | 14.47 | 14.66 | 231,026 | |
01/03/2023 | 14.83 | 14.97 | 14.81 | 14.97 | 106,999 |
15.06 | 15.12 | 14.96 | 15.04 | 48,675 |
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Mainstay Definedterm Trading Date Momentum on January 3, 2023
On January 04 2023 Mainstay Definedterm Muncipal was traded for 15.04 at the closing time. Highest Mainstay Definedterm's price during the trading hours was 15.12 and the lowest price during the day was 14.96 . The net volume was 48.7 K. The overall trading history on the 4th of January contributed to the next trading period price growth. The trading delta at closing time to the next next day price was 0.47% . The trading delta at closing time to current price is 4.94% . |
Mainstay Definedterm Fundamentals Correlations and Trends
By evaluating Mainstay Definedterm'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 Definedterm'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 Definedterm Fund history
Mainstay Definedterm 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 Definedterm 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 Definedterm stock prices may prove useful in developing a viable investing in Mainstay Definedterm
MainStay DefinedTerm Municipal Opportunities Fund is a closed-ended fixed income mutual fund launched and managed by New York Life Investment Management LLC. MainStay DefinedTerm Municipal Opportunities Fund was formed on June 26, 2012 and is domiciled in the United States. Mainstay Defined operates under Asset Management classification in the United States and is traded on New York Stock Exchange.
Mainstay Definedterm Fund Technical Analysis
Mainstay Definedterm technical 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 Definedterm Period Price Range
Low | November 23, 2024
| High |
0.00 | 0.00 |
Mainstay Definedterm Muncipal cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock 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 Definedterm November 23, 2024 Market Strength
Market strength indicators help investors to evaluate how Mainstay Definedterm 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 Definedterm shares will generate the highest return on investment. By undertsting and applying Mainstay Definedterm fund market strength indicators, traders can identify Mainstay Definedterm Muncipal entry and exit signals to maximize returns
Mainstay Definedterm Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Mainstay Definedterm's price direction in advance. Along with the technical and fundamental analysis of Mainstay 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 | (0.12) | |||
Jensen Alpha | (0.09) | |||
Total Risk Alpha | (0.16) | |||
Treynor Ratio | (2.60) |
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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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