Mainstay Definedterm Price To Earning vs. Annual Yield
| 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.
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Mainstay Definedterm Annual Yield vs. Price To Earning 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 regarded third largest fund in price to earning among similar funds. It also is regarded third largest fund in annual yield among similar funds . The ratio of Price To Earning to Annual Yield for Mainstay Definedterm Muncipal is about 2,758 . 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 Annual Yield vs. Price To Earning
Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
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| = | 13.24 X |
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
Yield generally refers to the amount of cash that is paid back to the owner of a security over a specific time (usually one year). It is expressed as a percentage of current market price, and usually amounts to all the interests and/or dividends paid over a given period. A higher yield allows the shareholders to generate returns on their investments sooner. However, investors should also be aware that a high yield may be a result of market turmoil or increased price volatility.
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| = | 0 % |
Small firms, start-ups, or companies with high growth potential typically do not pay out dividends or distribute a lot of their profits. These companies will have small yield. Alternatively, more established companies, ETFs, and funds that invest in bonds will have higher yields.
Mainstay Annual Yield Comparison
Mainstay Definedterm is currently under evaluation in annual yield 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. 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
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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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