Mainstay Definedterm One Year Return vs. Five Year Return
| 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 Five Year Return vs. One Year Return 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 one year return among similar funds. It is regarded third largest fund in five year return among similar funds reporting about 0.16 of Five Year Return per One Year Return. The ratio of One Year Return to Five Year Return for Mainstay Definedterm Muncipal is roughly 6.14 . 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 Five Year Return vs. One Year Return
One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.
Mainstay Definedterm |
| = | 6.92 % |
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
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 Definedterm |
| = | 1.13 % |
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 Definedterm is currently under evaluation in five year return among similar funds.
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. The fund is co-managed by MacKay Shields LLC. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade municipal bonds which are exempt from regular U.S. Federal income taxes. It benchmarks the performance of its portfolio against the Barclays Municipal Bond Index. MainStay DefinedTerm Municipal Opportunities Fund was formed on June 26, 2012 and is domiciled in the United States.
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 Broad Municipals ETFs Thematic Idea Now
Broad Municipals ETFs
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Broad Municipals ETFs theme has 50 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 Municipals ETFs Theme or any other thematic opportunities.
| View All Next | Launch |
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.
| Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
| Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
| Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios |