Mainstay Short Duration Fund Manager Performance Evaluation
| MDHCX Fund | USD 9.56 0.03 0.31% |
The fund secures a Beta (Market Risk) of 0.0531, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Mainstay Short's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mainstay Short is expected to be smaller as well.
Risk-Adjusted Performance
11 of 100
Weak | Strong |
Good
Compared to the overall equity markets, risk-adjusted returns on investments in Mainstay Short Duration are ranked lower than 11 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong fundamental indicators, Mainstay Short is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
...more| Expense Ratio Date | 28th of February 2023 | |
| Expense Ratio | 1.8600 |
Mainstay |
Mainstay Short Relative Risk vs. Return Landscape
If you would invest 947.00 in Mainstay Short Duration on September 1, 2024 and sell it today you would earn a total of 9.00 from holding Mainstay Short Duration or generate 0.95% return on investment over 90 days. Mainstay Short Duration is currently producing 0.0148% returns and takes up 0.0984% volatility of returns over 90 trading days. Put another way, 0% of traded mutual funds are less volatile than Mainstay, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Mainstay Short Current Valuation
Overvalued
Today
Please note that Mainstay Short's price fluctuation is very steady at this time. At this time, the fund appears to be overvalued. Mainstay Short Duration secures a last-minute Real Value of $8.79 per share. The latest price of the fund is $9.56. We determine the value of Mainstay Short Duration from analyzing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we recommend acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will merge together.
Since Mainstay Short is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Mainstay Mutual Fund. However, Mainstay Short's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 9.56 | Real 8.79 | Hype 9.56 | Naive 9.56 |
The intrinsic value of Mainstay Short's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Mainstay Short's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Mainstay Short Duration helps investors to forecast how Mainstay mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Mainstay Short more accurately as focusing exclusively on Mainstay Short's fundamentals will not take into account other important factors: Mainstay Short Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mainstay Short's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Mainstay Short Duration, and traders can use it to determine the average amount a Mainstay Short's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1506
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Based on monthly moving average Mainstay Short is performing at about 11% 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 Short by adding it to a well-diversified portfolio.
Mainstay Short Fundamentals Growth
Mainstay Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Mainstay Short, and Mainstay Short fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Mainstay Mutual Fund performance.
| Price To Book | 1.65 X | ||||
| Price To Sales | 0.27 X | ||||
| Total Asset | 27.71 M | ||||
About Mainstay Short Performance
Evaluating Mainstay Short's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Mainstay Short has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Mainstay Short has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
The fund, under normal circumstances, invests at least 80 percent of its assets in high-yield debt securities that are rated below investment grade by a nationally recognized statistical rating organization or that are unrated but are considered to be of comparable quality by MacKay Shields LLC, the funds Subadvisor. It will generally seek to maintain a weighted average duration of three years or less, although the fund may invest in instruments of any duration or maturity.Things to note about Mainstay Short Duration performance evaluation
Checking the ongoing alerts about Mainstay Short for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Mainstay Short Duration help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| The fund maintains about 6.04% of its assets in cash |
- Analyzing Mainstay Short's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Mainstay Short's stock is overvalued or undervalued compared to its peers.
- Examining Mainstay Short's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Mainstay Short's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Mainstay Short's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Mainstay Short's mutual fund. These opinions can provide insight into Mainstay Short's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Mainstay Mutual Fund
Mainstay Short 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 Short security.
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