Mainstay Large Cap Fund Quote
| MLINX Fund | USD 9.33 0.06 0.64% |
Performance5 of 100
| Odds Of DistressLess than 21
|
Mainstay Large is trading at 9.33 as of the 19th of April 2024; that is -0.64 percent decrease since the beginning of the trading day. The fund's open price was 9.39. Mainstay Large has about a 21 % chance of experiencing some form of financial distress in the next two years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Mainstay Large Cap are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 20th of March 2024 and ending today, the 19th of April 2024. Click here to learn more.
The fund invests at least 80 percent of its assets in large capitalization companies, which are companies having a market capitalization in excess of 4 billion at the time of purchase. The Subadvisor invests substantially all of the funds investable assets in domestic securities. More on Mainstay Large Cap
Moving together with Mainstay Mutual Fund
| 1.0 | MLGRX | Mainstay Large Cap | PairCorr |
| 0.94 | MLRTX | Mainstay Large Cap | PairCorr |
| 1.0 | MLRSX | Mainstay Large Cap | PairCorr |
| 1.0 | MLRRX | Mainstay Large Cap | PairCorr |
| 0.71 | MMHEX | Mainstay Mackay High | PairCorr |
Mainstay Mutual Fund Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Mainstay Large's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Mainstay Large or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Fund Concentration | MainStay Funds, Large Growth Funds, Large Growth, MainStay (View all Sectors) |
| Update Date | 31st of March 2024 |
Mainstay Large Cap [MLINX] is traded in USA and was established 19th of April 2024. Mainstay Large is listed under MainStay category by Fama And French industry classification. The fund is listed under Large Growth category and is part of MainStay family. This fund now has accumulated 13.07 B in assets with no minimum investment requirementsMainstay Large Cap is currently producing year-to-date (YTD) return of 10.58%, while the total return for the last 3 years was 7.08%.
Check Mainstay Large Probability Of Bankruptcy
Instrument Allocation
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Mainstay Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Mainstay Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Mainstay Large Cap Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Mainstay Large Cap Mutual Fund Constituents
| GOOGL | Alphabet Inc Class A | Stock | Communication Services |
| V | Visa Class A | Stock | Financials |
| UNH | UnitedHealth Group Incorporated | Stock | Health Care |
| TSLA | Tesla Inc | Stock | Consumer Discretionary |
| PYPL | PayPal Holdings | Stock | Financials |
| NVDA | NVIDIA | Stock | Information Technology |
| NKE | Nike Inc | Stock | Consumer Discretionary |
Mainstay Large Target Price Odds Analysis
Based on a normal probability distribution, the odds of Mainstay Large jumping above the current price in 90 days from now is about 67.3%. The Mainstay Large Cap probability density function shows the probability of Mainstay Large mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon the mutual fund has a beta coefficient of 1.1649. This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Mainstay Large will likely underperform. Additionally, mainstay Large Cap has an alpha of 0.0354, implying that it can generate a 0.0354 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Mainstay Large to move above the current price in 90 days from now is about 67.3 (This Mainstay Large Cap probability density function shows the probability of Mainstay Mutual Fund to fall within a particular range of prices over 90 days) .
Mainstay Large Cap Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Mainstay Large market risk premium is the additional return an investor will receive from holding Mainstay Large long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Mainstay Large. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Mainstay Large's alpha and beta are two of the key measurements used to evaluate Mainstay Large's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.8472 | |||
| Semi Deviation | 0.7888 | |||
| Standard Deviation | 1.1 | |||
| Variance | 1.2 |
Mainstay Large Against Markets
Picking the right benchmark for Mainstay Large mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Mainstay Large mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Mainstay Large is critical whether you are bullish or bearish towards Mainstay Large Cap at a given time. Please also check how Mainstay Large's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Mainstay Large without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Equity Forecasting Now
Equity ForecastingUse basic forecasting models to generate price predictions and determine price momentum |
| All Next | Launch Module |
How to buy Mainstay Mutual Fund?
Before investing in Mainstay Large, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Mainstay Large. To buy Mainstay Large fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Mainstay Large. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Mainstay Large fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Mainstay Large Cap fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Mainstay Large Cap fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as Mainstay Large Cap, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Mainstay Large Cap?
The danger of trading Mainstay Large Cap is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Mainstay Large is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Mainstay Large. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Mainstay Large Cap is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mainstay Large Cap. 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 board of governors. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.