Mainstay Tax Advantaged Fund Market Value
| MSTIX Fund | USD 9.29 0.01 0.11% |
| Symbol | Mainstay |
Mainstay Tax 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Mainstay Tax's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Mainstay Tax.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Mainstay Tax on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Mainstay Tax Advantaged or generate 0.0% return on investment in Mainstay Tax over 30 days. Mainstay Tax is related to or competes with Rational/pier, Lord Abbett, Virtus Convertible, Advent Claymore, and Gabelli Convertible. The fund normally invests at least 80 percent of its assets in municipal debt securities More
Mainstay Tax Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Mainstay Tax's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Mainstay Tax Advantaged upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1933 | |||
| Information Ratio | (1.22) | |||
| Maximum Drawdown | 0.6479 | |||
| Value At Risk | (0.11) | |||
| Potential Upside | 0.1082 |
Mainstay Tax Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mainstay Tax's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mainstay Tax's standard deviation. In reality, there are many statistical measures that can use Mainstay Tax historical prices to predict the future Mainstay Tax's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.64) | |||
| Treynor Ratio | (0.15) |
Mainstay Tax Advantaged Backtested Returns
At this stage we consider Mainstay Mutual Fund to be very steady. Mainstay Tax Advantaged has Sharpe Ratio of 0.0663, which conveys that the entity had a 0.0663% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Mainstay Tax, which you can use to evaluate the volatility of the fund. Please verify Mainstay Tax's Mean Deviation of 0.0591, downside deviation of 0.1933, and Risk Adjusted Performance of (0.02) to check out if the risk estimate we provide is consistent with the expected return of 0.0069%. The fund secures a Beta (Market Risk) of 0.0225, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Mainstay Tax's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mainstay Tax is expected to be smaller as well.
Auto-correlation | 0.51 |
Modest predictability
Mainstay Tax Advantaged has modest predictability. Overlapping area represents the amount of predictability between Mainstay Tax time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Mainstay Tax Advantaged price movement. The serial correlation of 0.51 indicates that about 51.0% of current Mainstay Tax price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Mainstay Tax Advantaged lagged returns against current returns
Autocorrelation, which is Mainstay Tax mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Mainstay Tax's mutual fund expected returns. We can calculate the autocorrelation of Mainstay Tax returns to help us make a trade decision. For example, suppose you find that Mainstay Tax has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Mainstay Tax regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Mainstay Tax mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mainstay Tax mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mainstay Tax mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Mainstay Tax Lagged Returns
When evaluating Mainstay Tax's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mainstay Tax mutual fund have on its future price. Mainstay Tax autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Mainstay Tax autocorrelation shows the relationship between Mainstay Tax mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Mainstay Tax Advantaged.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Mainstay Mutual Fund
Mainstay Tax 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 Tax security.
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