Mainstay Candriam Emerging Fund Quote
| MCYVX Fund | USD 9.47 0.19 1.97% |
Performance16 of 100
| Odds Of DistressLess than 18
|
Mainstay Candriam is trading at 9.47 as of the 15th of April 2024; that is -1.97 percent down since the beginning of the trading day. The fund's open price was 9.66. Mainstay Candriam has less than a 18 % chance of experiencing some financial distress in the next two years of operation and had a solid performance during the last 90 days. Equity ratings for Mainstay Candriam Emerging are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 16th of March 2024 and ending today, the 15th of April 2024. Click here to learn more.
Under normal circumstances, the fund invests at least 80 percent of its assets in equity securities or equity-related securities issued by entities in, or tied economically to, emerging markets. These securities may be denominated in U.S. or non-U.S. currencies. More on Mainstay Candriam Emerging
Moving together with Mainstay Mutual Fund
| 0.88 | MLGRX | Mainstay Large Cap | PairCorr |
| 0.88 | MLINX | Mainstay Large Cap | PairCorr |
| 0.88 | MLRTX | Mainstay Large Cap | PairCorr |
| 0.88 | MLRSX | Mainstay Large Cap | PairCorr |
| 0.88 | MLRRX | Mainstay Large Cap | PairCorr |
| 0.68 | MMHEX | Mainstay Mackay High | PairCorr |
Mainstay Mutual Fund Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Mainstay Candriam's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Mainstay Candriam or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Fund Concentration | MainStay Funds, Large Growth Funds, Diversified Emerging Mkts Funds, Diversified Emerging Mkts, MainStay (View all Sectors) |
| Update Date | 31st of March 2024 |
Mainstay Candriam Emerging [MCYVX] is traded in USA and was established 15th of April 2024. Mainstay Candriam is listed under MainStay category by Fama And French industry classification. The fund is listed under Diversified Emerging Mkts category and is part of MainStay family. This fund now has accumulated 72.17 M in assets with no minimum investment requirementsMainstay Candriam is currently producing year-to-date (YTD) return of 5.0% with the current yeild of 0.01%, while the total return for the last 3 years was -8.84%.
Check Mainstay Candriam Probability Of Bankruptcy
Instrument Allocation
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Mainstay Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Mainstay Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Mainstay Candriam Emerging Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Mainstay Candriam Emerging Mutual Fund Constituents
| BABA | Alibaba Group Holding | Stock | Consumer Discretionary |
| BBCA | JPMorgan BetaBuilders Canada | Etf | Miscellaneous Region |
| IFN | India Closed | Fund | Asset Management |
| JD | JD Inc Adr | Stock | Consumer Discretionary |
| INDA | iShares MSCI India | Etf | India Equity |
| PIN | Invesco India ETF | Etf | India Equity |
Mainstay Candriam Target Price Odds Analysis
Based on a normal probability distribution, the odds of Mainstay Candriam jumping above the current price in 90 days from now is about 28.24%. The Mainstay Candriam Emerging probability density function shows the probability of Mainstay Candriam mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Mainstay Candriam has a beta of 0.6528. This indicates as returns on the market go up, Mainstay Candriam average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Mainstay Candriam Emerging will be expected to be much smaller as well. Additionally, mainstay Candriam Emerging has an alpha of 0.071, implying that it can generate a 0.071 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Mainstay Candriam to move above the current price in 90 days from now is about 28.24 (This Mainstay Candriam Emerging probability density function shows the probability of Mainstay Mutual Fund to fall within a particular range of prices over 90 days) .
Mainstay Candriam Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Mainstay Candriam market risk premium is the additional return an investor will receive from holding Mainstay Candriam long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Mainstay Candriam. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Mainstay Candriam's alpha and beta are two of the key measurements used to evaluate Mainstay Candriam's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.5971 | |||
| Semi Deviation | 0.6924 | |||
| Standard Deviation | 0.7741 | |||
| Variance | 0.5993 |
Mainstay Candriam Against Markets
Picking the right benchmark for Mainstay Candriam mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Mainstay Candriam mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Mainstay Candriam is critical whether you are bullish or bearish towards Mainstay Candriam Emerging at a given time. Please also check how Mainstay Candriam's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Mainstay Candriam without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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How to buy Mainstay Mutual Fund?
Before investing in Mainstay Candriam, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Mainstay Candriam. To buy Mainstay Candriam fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Mainstay Candriam. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Mainstay Candriam fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Mainstay Candriam Emerging fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Mainstay Candriam Emerging fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as Mainstay Candriam Emerging, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Mainstay Candriam Emerging?
The danger of trading Mainstay Candriam Emerging is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Mainstay Candriam is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Mainstay Candriam. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Mainstay Candriam is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mainstay Candriam Emerging. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in real. You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.