Mainstay Indexed Bond Fund Price on May 28, 2021
| MIXAX Fund | USD 9.04 0.01 0.11% |
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 Indexed stands at 9.04, as last reported on the 19th of April, with the highest price reaching 9.04 and the lowest price hitting 9.04 during the day. We consider Mainstay Indexed very steady. Mainstay Indexed Bond has Sharpe Ratio of 0.0374, which conveys that the entity had a 0.0374% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Mainstay Indexed, which you can use to evaluate the volatility of the fund. Please verify Mainstay Indexed's Downside Deviation of 0.2131, risk adjusted performance of (0.01), and Mean Deviation of 0.0998 to check out if the risk estimate we provide is consistent with the expected return of 0.0055%.
Mainstay Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Mainstay |
Sharpe Ratio = 0.0374
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| Negative Returns | MIXAX |
Estimated Market Risk
| 0.15 actual daily | 1 99% of assets are more volatile |
Expected Return
| 0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 2 98% of assets perform better |
Based on monthly moving average Mainstay Indexed is performing at about 2% 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 Indexed by adding it to a well-diversified portfolio.
Mainstay Indexed Valuation on May 28, 2021
It is possible to determine the worth of Mainstay Indexed on a given historical date. On May 28, 2021 Mainstay was worth 9.41 at the beginning of the trading date compared to the closed value of 8.77. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Mainstay Indexed mutual fund. Still, in general, we apply an absolute valuation method to find Mainstay Indexed'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 Indexed where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Mainstay Indexed's related companies.
| Open | High | Low | Close | Volume | |
04/04/2022 | 9.41 | 9.41 | 8.77 | 8.77 | 1.00 |
| 9.40 | 9.40 | 8.76 | 8.76 | 1.00 |
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Mainstay Indexed Trading Date Momentum on May 28, 2021
The event impact on price volatility cannot be determined at this time. Please check this event after some time to allow current data to be analyzed.Mainstay Indexed Bond Fundamentals Correlations and Trends
By evaluating Mainstay Indexed'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 Indexed'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 Indexed Mutual Fund history
Mainstay Indexed 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 Indexed Bond 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 Indexed stock prices may prove useful in developing a viable investing in Mainstay Indexed
Mainstay Indexed Mutual Fund Technical Analysis
Mainstay Indexed 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 Indexed Period Price Range
Low | April 4, 2022
| High |
9.41 | 8.77 |
Mainstay Indexed April 19, 2024 Market Strength
Market strength indicators help investors to evaluate how Mainstay Indexed 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 Indexed shares will generate the highest return on investment. By undertsting and applying Mainstay Indexed mutual fund market strength indicators, traders can identify Mainstay Indexed Bond entry and exit signals to maximize returns
Mainstay Indexed Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Mainstay Indexed'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 | (0.01) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.30) | |||
| Treynor Ratio | (0.06) |
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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mainstay Indexed Bond. 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 Indexed Bond information on this page should be used as a complementary analysis to other Mainstay Indexed'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 Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.