Mainstay Short Duration Price on December 12, 2023
| MDHRXDelisted Fund | USD 9.49 0.00 0.00% |
If you're considering investing in Mainstay Mutual Fund, it is important to understand the factors that can impact its price. As of today, the current price of Mainstay Short stands at 9.49, as last reported on the 30th of April, with the highest price reaching 9.49 and the lowest price hitting 9.49 during the day. We consider Mainstay Short very steady. Mainstay Short Duration has Sharpe Ratio of 0.14, which conveys that the entity had a 0.14% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Mainstay Short, which you can use to evaluate the volatility of the fund. Please verify Mainstay Short's Coefficient Of Variation of 267.5, risk adjusted performance of 0.1985, and Mean Deviation of 0.102 to check out if the risk estimate we provide is consistent with the expected return of 0.0167%.
Mainstay Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Mainstay |
Sharpe Ratio = 0.1357
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| Negative Returns | MDHRX |
Estimated Market Risk
| 0.12 actual daily | 1 99% of assets are more volatile |
Expected Return
| 0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.14 actual daily | 10 90% of assets perform better |
Based on monthly moving average Mainstay Short is performing at about 10% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Mainstay Short by adding it to a well-diversified portfolio.
Mainstay Short Valuation on December 12, 2023
It is possible to determine the worth of Mainstay Short on a given historical date. On December 12, 2023 Mainstay was worth 9.38 at the beginning of the trading date compared to the closed value of 9.28. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Mainstay Short mutual fund. Still, in general, we apply an absolute valuation method to find Mainstay Short's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Mainstay Short where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Mainstay Short's related companies.
| Open | High | Low | Close | Volume | |
| 9.37 | 9.37 | 9.27 | 9.27 | 1.00 | |
12/12/2023 | 9.38 | 9.38 | 9.28 | 9.28 | 1.00 |
| 9.41 | 9.41 | 9.31 | 9.31 | 1.00 |
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Mainstay Short Trading Date Momentum on December 12, 2023
| On December 13 2023 Mainstay Short Duration was traded for 9.31 at the closing time. The highest daily price throughout the period was 9.41 and the lowest price was 9.31 . There was no trading activity during the period 1.0. Lack of trading volume on 12/13/2023 added to the next day price jump. The trading delta at closing time to closing price of the next trading day was 0.32% . The trading delta at closing time to current closing price is 1.83% . |
Mainstay Short Duration Fundamentals Correlations and Trends
By evaluating Mainstay Short's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Mainstay Short's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Mainstay financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Mainstay Short Mutual Fund history
Mainstay Short investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Mainstay is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Mainstay Short Duration will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Mainstay Short stock prices may prove useful in developing a viable investing in Mainstay Short
The fund, under normal circumstances, invests at least 80 percent of its assets in high-yield debt securities that are rated below investment grade by a nationally recognized statistical rating organization or that are unrated but are considered to be of comparable quality by MacKay Shields LLC, the funds Subadvisor. Mainstay Mackay is traded on NASDAQ Exchange in the United States.
Mainstay Short Mutual Fund Technical Analysis
Mainstay Short technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
Price Boundaries
Mainstay Short Period Price Range
Low | December 12, 2023
| High |
9.38 | 9.28 |
Mainstay Short April 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Mainstay Short mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Mainstay Short shares will generate the highest return on investment. By undertsting and applying Mainstay Short mutual fund market strength indicators, traders can identify Mainstay Short Duration entry and exit signals to maximize returns
Mainstay Short Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Mainstay Short's price direction in advance. Along with the technical and fundamental analysis of Mainstay Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Mainstay to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1985 | |||
| Jensen Alpha | 0.0419 | |||
| Total Risk Alpha | 0.0244 | |||
| Sortino Ratio | (0.22) | |||
| Treynor Ratio | 20.04 |
| Cycle Indicators | ||
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| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out Correlation Analysis to better understand how to build diversified portfolios. 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 metropolitan statistical area. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Other Consideration for investing in Mainstay Mutual Fund
If you are still planning to invest in Mainstay Short Duration check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Mainstay Short's history and understand the potential risks before investing.
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