MainStay Conservative is trading at 9.64 as of the 4th of October 2023; that is 0.94% increase since the beginning of the trading day. The fund's open price was 9.55. MainStay Conservative has a very small chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for MainStay Conservative ETF are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 4th of September 2023 and ending today, the 4th of October 2023. Click here to learn more.
The investment seeks current income and, secondarily, long-term growth of capital. Mainstay Conservative is traded on NASDAQ Exchange in the United States. More on MainStay Conservative ETF
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 Conservative's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding MainStay Conservative or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
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 Conservative ETF 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 Conservative ETF Mutual Fund Constituents
MainStay Conservative Target Price Odds Analysis
Based on a normal probability distribution, the odds of MainStay Conservative jumping above the current price in 90 days from now is close to 99%. The MainStay Conservative ETF probability density function shows the probability of MainStay Conservative mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon MainStay Conservative has a beta of 0.1925. This indicates as returns on the market go up, MainStay Conservative average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding MainStay Conservative ETF will be expected to be much smaller as well. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. MainStay Conservative ETF is significantly underperforming NYSE Composite.
MainStay Conservative ETF Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. MainStay Conservative market risk premium is the additional return an investor will receive from holding MainStay Conservative 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 Conservative. 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 Conservative's alpha and beta are two of the key measurements used to evaluate MainStay Conservative's performance over the market, the standard measures of volatility play an important role as well.
MainStay Conservative Against Markets
Picking the right benchmark for MainStay Conservative 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 Conservative 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 Conservative is critical whether you are bullish or bearish towards MainStay Conservative ETF at a given time. Please also check how MainStay Conservative's historical prices are related to one of the top price index indicators.
Be your own money managerOur tools can tell you how much better you can do entering a position in MainStay Conservative 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.
Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance
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How to buy MainStay Mutual Fund?Before investing in MainStay Conservative, 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 Conservative. To buy MainStay Conservative fund, you can follow these steps:
- Choose a brokerage firm: You need to select a brokerage firm to buy shares of MainStay Conservative. 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 Conservative fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located MainStay Conservative ETF 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 Conservative ETF 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 Conservative ETF, 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 Conservative ETF?
The danger of trading MainStay Conservative ETF 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 Conservative 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 Conservative. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile MainStay Conservative ETF 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 Conservative ETF. 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 nation. Note that the MainStay Conservative ETF information on this page should be used as a complementary analysis to other MainStay Conservative's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for MainStay Mutual Fund analysis
When running MainStay Conservative's price analysis, check to measure MainStay Conservative's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy MainStay Conservative is operating at the current time. Most of MainStay Conservative's value examination focuses on studying past and present price action to predict the probability of MainStay Conservative's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MainStay Conservative's price. Additionally, you may evaluate how the addition of MainStay Conservative to your portfolios can decrease your overall portfolio volatility.