Mainstay Conservative Etf Price on April 15, 2024
| MNEAX Fund | USD 10.46 0.07 0.67% |
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 Conservative stands at 10.46, as last reported on the 4th of May, with the highest price reaching 10.46 and the lowest price hitting 10.46 during the day. We consider Mainstay Conservative very steady. Mainstay Conservative Etf has Sharpe Ratio of 0.0481, which conveys that the entity had a 0.0481% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Mainstay Conservative, which you can use to evaluate the volatility of the fund. Please verify Mainstay Conservative's Risk Adjusted Performance of 0.0194, mean deviation of 0.3687, and Downside Deviation of 0.5191 to check out if the risk estimate we provide is consistent with the expected return of 0.0221%.
Mainstay Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Mainstay |
Sharpe Ratio = 0.0481
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| Negative Returns | MNEAX |
Estimated Market Risk
| 0.46 actual daily | 4 96% of assets are more volatile |
Expected Return
| 0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.05 actual daily | 3 97% of assets perform better |
Based on monthly moving average Mainstay Conservative is performing at about 3% 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 Conservative by adding it to a well-diversified portfolio.
Mainstay Conservative Valuation on April 15, 2024
It is possible to determine the worth of Mainstay Conservative on a given historical date. On April 15, 2024 Mainstay was worth 10.32 at the beginning of the trading date compared to the closed value of 10.32. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Mainstay Conservative mutual fund. Still, in general, we apply an absolute valuation method to find Mainstay Conservative'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 Conservative where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Mainstay Conservative's related companies.
| Open | High | Low | Close | Volume | |
| 10.40 | 10.40 | 10.40 | 10.40 | 1.00 | |
04/15/2024 | 10.32 | 10.32 | 10.32 | 10.32 | 1.00 |
| 10.27 | 10.27 | 10.27 | 10.27 | 1.00 |
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Mainstay Conservative Trading Date Momentum on April 15, 2024
| On April 16 2024 Mainstay Conservative Etf was traded for 10.27 at the closing time. The highest daily price throughout the period was 10.27 and the lowest price was 10.27 . There was no trading activity during the period 1.0. Lack of trading volume on 04/16/2024 added to the next day price reduction. The trading delta at closing time to closing price of the next trading day was 0.48% . The trading delta at closing time to current closing price is 0.19% . |
Mainstay Conservative Etf Fundamentals Correlations and Trends
By evaluating Mainstay Conservative'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 Conservative'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 Conservative Mutual Fund history
Mainstay Conservative 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 Conservative Etf 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 Conservative stock prices may prove useful in developing a viable investing in Mainstay Conservative
The fund is a fund of funds that seeks to achieve its investment objective by investing in unaffiliated passively-managed exchange-traded funds . It seeks to achieve its investment objective by normally investing approximately 60 percent of its assets in Underlying Fixed-Income ETFs and approximately 40 percent of its assets in Underlying Equity ETFs. The fund may invest approximately 10 percent of its assets in Underlying International Equity ETFs.
Mainstay Conservative Mutual Fund Technical Analysis
Mainstay Conservative 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 Conservative Period Price Range
Low | April 15, 2024
| High |
10.32 | 10.32 |
Mainstay Conservative May 4, 2024 Market Strength
Market strength indicators help investors to evaluate how Mainstay Conservative 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 Conservative shares will generate the highest return on investment. By undertsting and applying Mainstay Conservative mutual fund market strength indicators, traders can identify Mainstay Conservative Etf entry and exit signals to maximize returns
Mainstay Conservative Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Mainstay Conservative'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 | 0.0194 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.12) | |||
| Treynor Ratio | 0.0109 |
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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 Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.