Mainstay Sp 500 Fund Price on July 18, 2023
| MSXMX Fund | USD 66.11 0.24 0.36% |
Below is the normalized historical share price chart for Mainstay Sp 500 extending back to August 31, 2020. 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 stands at 66.11, as last reported on the 23rd of November, with the highest price reaching 66.11 and the lowest price hitting 66.11 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 Sp 500 has Sharpe Ratio of 0.12, which conveys that the entity had a 0.12% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Mainstay, which you can use to evaluate the volatility of the fund. Please verify Mainstay's Mean Deviation of 0.5667, risk adjusted performance of 0.0893, and Downside Deviation of 0.8324 to check out if the risk estimate we provide is consistent with the expected return of 0.095%.
Mainstay Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Mainstay |
Sharpe Ratio = 0.1228
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Estimated Market Risk
| 0.77 actual daily | 6 94% of assets are more volatile |
Expected Return
| 0.1 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.12 actual daily | 9 91% of assets perform better |
Based on monthly moving average Mainstay is performing at about 9% 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 by adding it to a well-diversified portfolio.
Mainstay Valuation on July 18, 2023
It is possible to determine the worth of Mainstay on a given historical date. On July 18, 2023 Mainstay was worth 51.69 at the beginning of the trading date compared to the closed value of 51.69. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Mainstay mutual fund. Still, in general, we apply an absolute valuation method to find Mainstay'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 where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Mainstay's related companies.
| Open | High | Low | Close | Volume | |
| 51.33 | 51.33 | 51.33 | 51.33 | 1.00 | |
07/18/2023 | 51.69 | 51.69 | 51.69 | 51.69 | 1.00 |
| 51.81 | 51.81 | 51.81 | 51.81 | 1.00 |
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Mainstay Trading Date Momentum on July 18, 2023
| On July 19 2023 Mainstay Sp 500 was traded for 51.81 at the closing time. The highest daily price throughout the period was 51.81 and the lowest price was 51.81 . There was no trading activity during the period 1.0. Lack of trading volume on 07/19/2023 added to the next day price jump. The trading delta at closing time to closing price of the next trading day was 0.23% . The trading delta at closing time to current closing price is 0.62% . |
Mainstay Sp 500 Fundamentals Correlations and Trends
By evaluating Mainstay'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'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 Mutual Fund history
Mainstay 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 Sp 500 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 stock prices may prove useful in developing a viable investing in Mainstay
The fund normally invests at least 80 percent of its assets in stocks as represented in the Standard Poors 500 Index in the same proportion, to the extent feasible. It may invest up to 20 percent of its total assets in options and futures contracts to maintain cash reserves, while being fully invested, to facilitate trading or to reduce transaction costs.
Mainstay Mutual Fund Technical Analysis
Mainstay 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 Period Price Range
Low | November 23, 2024
| High |
0.00 | 0.00 |
Mainstay Sp 500 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 November 23, 2024 Market Strength
Market strength indicators help investors to evaluate how Mainstay 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 shares will generate the highest return on investment. By undertsting and applying Mainstay mutual fund market strength indicators, traders can identify Mainstay Sp 500 entry and exit signals to maximize returns
Mainstay Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Mainstay'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 | 0.0893 | |||
| Jensen Alpha | 0.0864 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | (1.82) |
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| Volatility Indicators | ||
| Volume Indicators |
Other Information on Investing in Mainstay Mutual Fund
Mainstay 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 security.
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments |