MainStay Mutual Fund Buy Hold or Sell Recommendation
| MNEAX Fund | USD 9.64 0.09 0.94% |
Assuming the 90 days horizon and your above-average risk tolerance, our recommendation regarding MainStay Conservative ETF is 'Hold'. Macroaxis provides MainStay Conservative buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding MNEAX positions. The advice algorithm takes into account all of MainStay Conservative's available fundamental, technical, and predictive indicators you will find on this site.
Real Value 9.7 | Hype Value 9.64 | Market Value 9.64 | Naive Value 9.54 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell MainStay Conservative ETF given historical horizon and risk tolerance towards MainStay Conservative. When Macroaxis issues a 'buy' or 'sell' recommendation for MainStay Conservative ETF, the advice is generated through an automated system that utilizes algorithms and statistical models.
MainStay |
Execute MainStay Conservative Buy or Sell Advice
The MainStay recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on MainStay Conservative ETF. Macroaxis does not own or have any residual interests in MainStay Conservative ETF or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute MainStay Conservative's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Hold
MainStay Conservative Trading Alerts and Improvement Suggestions
| MainStay Conservative generated a negative expected return over the last 90 days | |
| MainStay Conservative is unlikely to experience financial distress in the next 2 years | |
| The fund maintains about 6.58% of its assets in cash |
MainStay Conservative Returns Distribution Density
The distribution of MainStay Conservative's historical returns is an attempt to chart the uncertainty of MainStay Conservative's future price movements. The chart of the probability distribution of MainStay Conservative stock daily returns describes the distribution of returns around its average expected value. We use MainStay Conservative ETF price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of MainStay Conservative returns is essential to provide solid investment advice for MainStay Conservative.
| Mean Return | -0.05 | Value At Risk | -0.79 | Potential Upside | 0.69 | Standard Deviation | 0.44 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of MainStay Conservative historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
MainStay Conservative Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to MainStay Conservative or New York Life Investment Management LLC sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that MainStay Conservative's price will be affected by overall mutual fund market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a MainStay fund's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | -0.04 | |
β | Beta against NYSE Composite | 0.19 | |
σ | Overall volatility | 0.47 | |
Ir | Information ratio | 0.07 |
MainStay Conservative Volatility Alert
MainStay Conservative ETF exhibits very low volatility with skewness of -0.03 and kurtosis of -0.45. However, we advise investors to further study MainStay Conservative ETF technical indicators to ensure that all market info is available and is reliable. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure MainStay Conservative's mutual fund risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact MainStay Conservative's mutual fund price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.MainStay Conservative Fundamentals Vs Peers
Comparing MainStay Conservative's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze MainStay Conservative's direct or indirect competition across all of the common fundamentals between MainStay Conservative and the related equities. This way, we can detect undervalued stocks with similar characteristics as MainStay Conservative or determine the mutual funds which would be an excellent addition to an existing portfolio. Peer analysis of MainStay Conservative's fundamental indicators could also be used in its relative valuation, which is a method of valuing MainStay Conservative by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare MainStay Conservative to competition |
| Fundamentals | MainStay Conservative | Peer Average |
| Net Asset | 34.72 M | 4.11 B |
| Last Dividend Paid | 0.05 | 0.65 |
| Cash Position Weight | 6.58 % | 10.61 % |
| Equity Positions Weight | 40.25 % | 63.90 % |
| Bond Positions Weight | 5.61 % | 11.24 % |
About MainStay Conservative Buy or Sell Advice
When is the right time to buy or sell MainStay Conservative ETF? Buying financial instruments such as MainStay Mutual Fund isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
Use Investing Ideas to Build Portfolios
In addition to having MainStay Conservative 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?
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Sovereign ETFs
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Sovereign ETFs theme has 19 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 Sovereign ETFs Theme or any other thematic opportunities.
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Check out MainStay Conservative Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. 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 Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
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.
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