Mainstay Tax Free Fund Price on April 12, 2024
| MTBAX Fund | USD 9.28 0.03 0.32% |
Below is the normalized historical share price chart for Mainstay Tax Free extending back to January 06, 1995. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Mainstay Tax stands at 9.28, as last reported on the 24th of May, with the highest price reaching 9.28 and the lowest price hitting 9.28 during the day.
If you're considering investing in Mainstay Mutual Fund, it is important to understand the factors that can impact its price. Mainstay Tax Free has Sharpe Ratio of -0.0674, which conveys that the entity had a -0.0674% return per unit of risk over the last 3 months. Mainstay Tax exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mainstay Tax's Standard Deviation of 0.1708, risk adjusted performance of (0.07), and Mean Deviation of 0.1212 to check out the risk estimate we provide.
Mainstay Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Mainstay |
Sharpe Ratio = -0.0674
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| Negative Returns | MTBAX |
Estimated Market Risk
| 0.17 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
| -0.07 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Mainstay Tax is not performing at its full potential. However, 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 Tax by adding Mainstay Tax to a well-diversified portfolio.
Mainstay Tax Valuation on April 12, 2024
It is possible to determine the worth of Mainstay Tax on a given historical date. On April 12, 2024 Mainstay was worth 9.34 at the beginning of the trading date compared to the closed value of 9.31. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Mainstay Tax mutual fund. Still, in general, we apply an absolute valuation method to find Mainstay Tax'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 Tax where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Mainstay Tax's related companies.
| Open | High | Low | Close | Volume | |
| 9.32 | 9.32 | 9.29 | 9.29 | 1.00 | |
04/12/2024 | 9.34 | 9.34 | 9.31 | 9.31 | 1.00 |
| 9.33 | 9.33 | 9.30 | 9.30 | 1.00 |
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Mainstay Tax Trading Date Momentum on April 12, 2024
| On April 15 2024 Mainstay Tax Free was traded for 9.30 at the closing time. The highest daily price throughout the period was 9.33 and the lowest price was 9.30 . There was no trading activity during the period 1.0. Lack of trading volume on 04/15/2024 added to the next day price reduction. The trading delta at closing time to closing price of the next trading day was 0.11% . The trading delta at closing time to current closing price is 0.00% . |
Mainstay Tax Free Fundamentals Correlations and Trends
By evaluating Mainstay Tax'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 Tax'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 Tax Mutual Fund history
Mainstay Tax 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 Tax Free 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 Tax stock prices may prove useful in developing a viable investing in Mainstay Tax
The fund, under normal circumstances, invests at least 80 percent of its assets in municipal bonds that are rated investment grade. On average, it will invest in municipal bonds that have a maturity range of 10 to 30 years. The fund may not invest more than 20 percent of its net assets in tax-exempt securities subject to the federal alternative minimum tax.
Mainstay Tax Mutual Fund Technical Analysis
Mainstay Tax 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 Tax Period Price Range
Low | April 12, 2024
| High |
9.34 | 9.31 |
Mainstay Tax May 24, 2024 Market Strength
Market strength indicators help investors to evaluate how Mainstay Tax 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 Tax shares will generate the highest return on investment. By undertsting and applying Mainstay Tax mutual fund market strength indicators, traders can identify Mainstay Tax Free entry and exit signals to maximize returns
Mainstay Tax Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Mainstay Tax'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 | (0.07) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | (0.54) |
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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mainstay Tax Free. 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 Tax Free information on this page should be used as a complementary analysis to other Mainstay Tax'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 Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.