Mainstay Definedterm Beta vs. Price To Book
| MMD Fund | USD 15.82 0.07 0.44% |
For Mainstay Definedterm profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Mainstay Definedterm to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Mainstay Definedterm Muncipal utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Mainstay Definedterm's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Mainstay Definedterm Muncipal over time as well as its relative position and ranking within its peers.
Mainstay |
Mainstay Definedterm Price To Book vs. Beta Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Mainstay Definedterm's current stock value. Our valuation model uses many indicators to compare Mainstay Definedterm value to that of its competitors to determine the firm's financial worth. Mainstay Definedterm Muncipal is number one fund in beta among similar funds. It also is number one fund in price to book among similar funds fabricating about 2.31 of Price To Book per Beta. Comparative valuation analysis is a catch-all technique that is used if you cannot value Mainstay Definedterm by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Mainstay Price To Book vs. Beta
Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Mainstay Definedterm |
| = | 0.35 |
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
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 Definedterm |
| = | 0.81 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.
Mainstay Price To Book Comparison
Mainstay Definedterm is currently under evaluation in price to book among similar funds.
Beta Analysis
As returns on the market increase, Mainstay Definedterm's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mainstay Definedterm is expected to be smaller as well.
Mainstay Definedterm Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Mainstay Definedterm, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Mainstay Definedterm will eventually generate negative long term returns. The profitability progress is the general direction of Mainstay Definedterm's change in net profit over the period of time. It can combine multiple indicators of Mainstay Definedterm, 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.
MainStay DefinedTerm Municipal Opportunities Fund is a closed-ended fixed income mutual fund launched and managed by New York Life Investment Management LLC. MainStay DefinedTerm Municipal Opportunities Fund was formed on June 26, 2012 and is domiciled in the United States. Mainstay Defined operates under Asset Management classification in the United States and is traded on New York Stock Exchange.
Mainstay Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Mainstay Definedterm. 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 Definedterm 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 Definedterm's important profitability drivers and their relationship over time.
Use Mainstay Definedterm 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 Definedterm 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 Definedterm will appreciate offsetting losses from the drop in the long position's value.Mainstay Definedterm Pair Trading
Mainstay Definedterm Muncipal Pair Trading Analysis
The ability to find closely correlated positions to Mainstay Definedterm 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 Definedterm 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 Definedterm - 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 Definedterm Muncipal to buy it.
The correlation of Mainstay Definedterm 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 Definedterm moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mainstay Definedterm 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 Definedterm 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 Definedterm position
In addition to having Mainstay Definedterm 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 Railroads Thematic Idea Now
Railroads
Companies involved in manufacturing and maintenance of freight railroads and passenger trains as well as providing railroad services to public. The Railroads theme has 41 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 Railroads Theme or any other thematic opportunities.
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Other Information on Investing in Mainstay Fund
To fully project Mainstay Definedterm's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Mainstay Definedterm 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 Definedterm's income statement, its balance sheet, and the statement of cash flows.
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