Mainstay Short Equity Positions Weight vs. Three Year Return
| MDHCX Fund | USD 9.56 0.03 0.31% |
For Mainstay Short profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Mainstay Short to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Mainstay Short Duration utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Mainstay Short's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Mainstay Short Duration over time as well as its relative position and ranking within its peers.
Mainstay |
Mainstay Short Duration Three Year Return vs. Equity Positions Weight Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Mainstay Short's current stock value. Our valuation model uses many indicators to compare Mainstay Short value to that of its competitors to determine the firm's financial worth. Mainstay Short Duration is number one fund in equity positions weight among similar funds. It also is number one fund in three year return among similar funds reporting about 3.45 of Three Year Return per Equity Positions Weight. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Mainstay Short's earnings, one of the primary drivers of an investment's value.Mainstay Three Year Return vs. Equity Positions Weight
Percentage of fund asset invested in equity instruments. About 80% of global funds and ETFs carry equity instruments on their balance sheet.
Mainstay Short |
| = | 1.07 % |
Funds with most asset allocated to stocks can be subclassified into many different categories such as market capitalization or investment style.
Tree Year Return shows the total annualized return generated from holding a fund or ETFs for the last three years. The return measure includes capital appreciation, losses, dividends paid, and all capital gains distributions. This return indicator is considered by many investors to be solid measures of fund mid-term performance.
Mainstay Short |
| = | 3.69 % |
Although Three Year Fund Return indicator can give a sense of overall fund mid-term potential, it is recommended to compare fund performances against other similar funds, ETFs, or market benchmarks for the same 3 year interval.
Mainstay Three Year Return Comparison
Mainstay Short is currently under evaluation in three year return among similar funds.
Mainstay Short Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Mainstay Short, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Mainstay Short will eventually generate negative long term returns. The profitability progress is the general direction of Mainstay Short's change in net profit over the period of time. It can combine multiple indicators of Mainstay Short, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
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.
Mainstay Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Mainstay Short. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Mainstay Short position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Mainstay Short's important profitability drivers and their relationship over time.
Use Mainstay Short in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Mainstay Short position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Mainstay Short will appreciate offsetting losses from the drop in the long position's value.Mainstay Short Pair Trading
Mainstay Short Duration Pair Trading Analysis
The ability to find closely correlated positions to Mainstay Short could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mainstay Short when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Mainstay Short - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Mainstay Short Duration to buy it.
The correlation of Mainstay Short is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Mainstay Short moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mainstay Short Duration moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Mainstay Short can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Mainstay Short position
In addition to having Mainstay Short in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Broad Equity ETFs Thematic Idea Now
Broad Equity ETFs
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Broad Equity ETFs theme has 483 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Broad Equity ETFs Theme or any other thematic opportunities.
| View All Next | Launch |
Other Information on Investing in Mainstay Mutual Fund
To fully project Mainstay Short's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Mainstay Short Duration at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Mainstay Short's income statement, its balance sheet, and the statement of cash flows.
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio |