Mainstay Growth Allocation Fund Manager Performance Evaluation
| MGXIX Fund | USD 18.69 0.04 0.21% |
The fund secures a Beta (Market Risk) of 0.83, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Mainstay Growth's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mainstay Growth is expected to be smaller as well.
Risk-Adjusted Performance
12 of 100
Weak | Strong |
Good
Compared to the overall equity markets, risk-adjusted returns on investments in Mainstay Growth Allocation are ranked lower than 12 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak forward indicators, Mainstay Growth may actually be approaching a critical reversion point that can send shares even higher in December 2024.
...more| Expense Ratio Date | 28th of February 2023 | |
| Expense Ratio | 0.6900 |
Mainstay |
Mainstay Growth Relative Risk vs. Return Landscape
If you would invest 1,748 in Mainstay Growth Allocation on August 31, 2024 and sell it today you would earn a total of 121.00 from holding Mainstay Growth Allocation or generate 6.92% return on investment over 90 days. Mainstay Growth Allocation is currently producing 0.1085% returns and takes up 0.6664% volatility of returns over 90 trading days. Put another way, 5% of traded mutual funds are less volatile than Mainstay, and 98% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Mainstay Growth Current Valuation
Fairly Valued
Today
Please note that Mainstay Growth's price fluctuation is very steady at this time. At this time, the fund appears to be fairly valued. Mainstay Growth Allo secures a last-minute Real Value of $18.5 per share. The latest price of the fund is $18.69. We determine the value of Mainstay Growth Allo 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 Growth is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Mainstay Mutual Fund. However, Mainstay Growth'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 18.69 | Real 18.5 | Hype 18.69 | Naive 18.71 |
The intrinsic value of Mainstay Growth'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 Growth'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 Growth Allocation 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 Growth more accurately as focusing exclusively on Mainstay Growth's fundamentals will not take into account other important factors: Mainstay Growth Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mainstay Growth's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Mainstay Growth Allocation, and traders can use it to determine the average amount a Mainstay Growth'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 = 0.1628
| Best Portfolio | Best Equity | |||
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| Cash | MGXIX | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 0.67 actual daily | 5 95% of assets are more volatile |
Expected Return
| 0.11 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.16 actual daily | 12 88% of assets perform better |
Based on monthly moving average Mainstay Growth is performing at about 12% 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 Growth by adding it to a well-diversified portfolio.
Mainstay Growth Fundamentals Growth
Mainstay Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Mainstay Growth, and Mainstay Growth 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 Earning | 16.54 X | |||
| Price To Book | 1.78 X | |||
| Price To Sales | 1.13 X | |||
| Total Asset | 5.71 M | |||
About Mainstay Growth Performance
Evaluating Mainstay Growth's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Mainstay Growth 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 Growth 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 is a fund of funds that seeks to achieve its investment objective by investing in mutual funds and ETFs managed by New York Life Investments or its affiliates. It seeks to achieve its investment objective by normally investing substantially all of its assets in underlying equity funds . The fund may invest approximately 25 percent of its assets in underlying international equity funds. It may invest up to 10 percent of its assets in underlying fixed-income funds.Things to note about Mainstay Growth Allo performance evaluation
Checking the ongoing alerts about Mainstay Growth for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Mainstay Growth Allo help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.Evaluating Mainstay Growth's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Mainstay Growth's mutual fund performance include:- Analyzing Mainstay Growth'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 Growth's stock is overvalued or undervalued compared to its peers.
- Examining Mainstay Growth'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 Growth's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Mainstay Growth's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Mainstay Growth's mutual fund. These opinions can provide insight into Mainstay Growth's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Mainstay Mutual Fund
Mainstay Growth 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 Growth security.
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