MainStay MacKay Price Prediction and Hype Density Breakdown

MCINX -- USA Fund  

USD 17.63  0.08  0.45%

We analyze noise-free headlines and recent hype associated with MainStay MacKay Convertible Fun which may create opportunities for some arbitrage if properly timed. With MainStay MacKay hype-based prediction module you can estimate the value of MainStay MacKay Convertible Fun from the prospective of MainStay MacKay response to recently generated media hype and the effects of current headlines on its competitors. The module also provides analysis of price elasticity to changes in media outlook on MainStay MacKay over a specific investment horizon. Please see also MainStay MacKay Basic Forecasting Models to cross-verify your projections.
Horizon     30 Days    Login   to change

MainStay MacKay After-Hype Price Density Analysis

 Next price density 
      Expected price to next headline 

MainStay MacKay Estimiated After-Hype Price Volatility

August 21, 2019
17.63
Current Value
17.63
After-hype Price
19.67
Upside
MainStay MacKay is not too volatile asset. Analysis and calculation of next after-hype price of MainStay MacKay Conv is based on 2 months time horizon.

MainStay MacKay Next Price Analysis

Daily Expected returnPeriod VolatilityHype elasticityRelated hype elasticityAverage news densityRelated news densityNext Expected Hype
 0.01% 0.68% 0.00%  0.00% 7 Events / Month7 Events / MonthIn about 7 days
Latest traded priceExpected after-news pricePotential return on next major newsAverage after-hype volatility
17.6317.630.00%
680.00% 

MainStay MacKay Hype Timeline

MainStay MacKay Conv is now traded for17.63. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.0. MainStay MacKay Convertible Fun is anticipated not to react to the next headline with price going to stay at about the same level and average media hype impact volatility of 680.0%. The immediate return on the next news is anticipated to be very small where as daily expected return is now at 0.01%. The volatility of relative hype elasticity to MainStay MacKay is about 2193.55%%. The volatility of related hype on MainStay MacKay is about 2193.55% with expected price after next announcement by competition of 17.63. The company has price-to-book ratio of 1.09. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. MainStay MacKay Conv last dividend was issued on Marchch 29, 2019. Assuming 30 trading days horizon, the next anticipated press release will be in about 7 days.
Please see also MainStay MacKay Basic Forecasting Models to cross-verify your projections.

MainStay MacKay Related Hype Analysis

Hype
Elasticity
News
Density
Semi
Deviation
Information
Ratio
Potential
Upside
Value
At Risk
Maximum
Drawdown
Franklin Convertible Securities(0.28) 10 per month 0.00 (0.0041)  0.87 (1.39)  4.98 
Franklin Convertible Securities(0.30) 6 per month 0.00  0.0118  0.82 (1.28)  3.41 
Fidelity Advisor Convertible Se(0.54) 8 per month 1.39  0.06  1.82 (1.81)  6.76 
Fidelity Convertible Securities 0.30 3 per month 1.06  0.07  1.68 (1.43)  5.12 
MainStay MacKay Convertible Fun(0.10) 7 per month 0.00  0.0261  1.17 (1.64)  4.88 
Columbia Fds Srs Tr Columbia C 0.02 1 per month 0.00  0.0463  1.32 (1.39)  4.48 
Invesco Convertible Securities 0.19 3 per month 0.90  0.07  1.21 (1.22)  4.27 
Putnam Convertible Securities F 0.21 3 per month 1.10  0.05  1.37 (1.27)  4.70 
AllianzGI Convertible Fund Clas 0.22 3 per month 0.78  0.10  0.95 (1.08)  3.12 
Hedeker Strategic Appreciation(0.03) 7 per month 0.00  0.0321  0.53 (0.80)  1.78 

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