Mainstay Floating Valuation
| MXFMX Fund | USD 8.90 0.01 0.11% |
At this time, the fund appears to be fairly valued. Mainstay Floating Rate secures a last-minute Real Value of $8.84 per share. The latest price of the fund is $8.9. We determine the value of Mainstay Floating Rate from analyzing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we recommend acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will merge together.
Fairly Valued
Today
Please note that Mainstay Floating's price fluctuation is very steady at this time. At this time, the fund appears to be fairly valued. Mainstay Floating Rate secures a last-minute Real Value of $8.84 per share. The latest price of the fund is $8.9. We determine the value of Mainstay Floating Rate from analyzing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we recommend acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will merge together.
Since Mainstay Floating is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Mainstay Mutual Fund. However, Mainstay Floating's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 8.9 | Real 8.84 | Hype 8.9 |
The intrinsic value of Mainstay Floating's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Mainstay Floating's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Mainstay Floating Rate helps investors to forecast how Mainstay mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Mainstay Floating more accurately as focusing exclusively on Mainstay Floating's fundamentals will not take into account other important factors: About Mainstay Floating Valuation
Our relative valuation model uses a comparative analysis of Mainstay Floating. We calculate exposure to Mainstay Floating's market risk, different technical and fundamental indicators, and relevant financial multiples and ratios and then compare them to those of Mainstay Floating's related companies.The fund invests at least 80 percent of its assets in a portfolio of floating rate loans and other floating rate debt securities. When the funds Subadvisor believes that market or economic conditions are unfavorable to investors, up to 100 percent of the funds assets may be invested in money market or short-term debt securities. The fund may invest up to 25 percent of its total assets in foreign securities which are generally U.S. dollar-denominated loans and other debt securities issued by one or more non-U.S. borrower without a U.S. domiciled co-borrower.
Other Information on Investing in Mainstay Mutual Fund
Mainstay Floating financial ratios help investors to determine whether Mainstay Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Mainstay with respect to the benefits of owning Mainstay Floating security.
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