Mainstay Short Price To Book vs. Five Year Return
| MDHCX Fund | USD 9.58 0.01 0.10% |
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 Five Year Return vs. Price To Book 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 price to book among similar funds. It also is number one fund in five year return among similar funds reporting about 2.12 of Five Year Return per Price To Book. 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 Five Year Return vs. Price To Book
Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Mainstay Short |
| = | 1.65 X |
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
Five Year Return is considered one of the best measures to evaluate fund performance, especially from the mid and long term perspective. It shows the total annualized return generated from holding equity for the last five years and represents capital appreciation of the investment, including all dividends, losses, and capital gains distributions.
Mainstay Short |
| = | 3.49 % |
Although Five Year Returns can give a sense of overall investment potential, it is recommended to compare equity performance with similar assets for the same five year time interval. Similarly, comparing overall investment performance over the last five years with the appropriate market index is a great way to determine how this equity instrument will perform during unforeseen market fluctuations.
Mainstay Five Year Return Comparison
Mainstay Short is currently under evaluation in five 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?
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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.
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