Mainstay Floating Rate Fund Manager Performance Evaluation
| MXFEX Fund | USD 8.90 0.01 0.11% |
The fund secures a Beta (Market Risk) of -0.0321, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Mainstay Floating are expected to decrease at a much lower rate. During the bear market, Mainstay Floating is likely to outperform the market.
Risk-Adjusted Performance
19 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in Mainstay Floating Rate are ranked lower than 19 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong technical and fundamental indicators, Mainstay Floating is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
...more| Expense Ratio | 0.6400 |
Mainstay |
Mainstay Floating Relative Risk vs. Return Landscape
If you would invest 869.00 in Mainstay Floating Rate on August 26, 2024 and sell it today you would earn a total of 21.00 from holding Mainstay Floating Rate or generate 2.42% return on investment over 90 days. Mainstay Floating Rate is currently producing 0.0369% returns and takes up 0.1524% volatility of returns over 90 trading days. Put another way, 1% 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 Floating Current Valuation
Fairly Valued
Today
Please note that Mainstay Floating's price fluctuation is very steady at this time. At this time, the fund appears to be fairly valued. Mainstay Floating Rate secures a last-minute Real Value of $8.79 per share. The latest price of the fund is $8.9. We determine the value of Mainstay Floating Rate 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 Floating is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Mainstay Mutual Fund. However, Mainstay Floating'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 8.9 | Real 8.79 | Hype 8.9 | Naive 8.89 |
The intrinsic value of Mainstay Floating'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 Floating'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 Floating Rate 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 Floating more accurately as focusing exclusively on Mainstay Floating's fundamentals will not take into account other important factors: Mainstay Floating Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mainstay Floating's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Mainstay Floating Rate, and traders can use it to determine the average amount a Mainstay Floating'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 = 0.2419
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | MXFEX |
Estimated Market Risk
| 0.15 actual daily | 1 99% of assets are more volatile |
Expected Return
| 0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.24 actual daily | 19 81% of assets perform better |
Based on monthly moving average Mainstay Floating is performing at about 19% 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 Floating by adding it to a well-diversified portfolio.
Mainstay Floating Fundamentals Growth
Mainstay Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Mainstay Floating, and Mainstay Floating 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.
| Total Asset | 1.8 B | ||||
About Mainstay Floating Performance
Evaluating Mainstay Floating's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Mainstay Floating 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 Floating 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 invests at least 80 percent of its assets in a portfolio of floating rate loans and other floating rate debt securities. When the funds Subadvisor believes that market or economic conditions are unfavorable to investors, up to 100 percent of the funds assets may be invested in money market or short-term debt securities. The fund may invest up to 25 percent of its total assets in foreign securities which are generally U.S. dollar-denominated loans and other debt securities issued by one or more non-U.S. borrower without a U.S. domiciled co-borrower.Things to note about Mainstay Floating Rate performance evaluation
Checking the ongoing alerts about Mainstay Floating for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Mainstay Floating Rate 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 12.34% of its assets in cash |
- Analyzing Mainstay Floating'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 Floating's stock is overvalued or undervalued compared to its peers.
- Examining Mainstay Floating'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 Floating's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Mainstay Floating's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Mainstay Floating's mutual fund. These opinions can provide insight into Mainstay Floating's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Mainstay Mutual Fund
Mainstay Floating 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 Floating security.
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