Mainstay Tax Free Fund Technical Analysis
| MTBAX Fund | USD 9.30 0.01 0.11% |
As of the 25th of April, Mainstay Tax secures the Mean Deviation of 0.1231, risk adjusted performance of (0.04), and Standard Deviation of 0.1884. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Mainstay Tax Free, as well as the relationship between them. Strictly speaking, you can use this information to find out if the fund will indeed mirror its model of past prices, or the prices will eventually revert. We were able to analyze thirteen technical drivers for Mainstay Tax, which can be compared to its peers in the industry. Please verify Mainstay Tax Free standard deviation and value at risk to decide if Mainstay Tax Free is priced some-what accurately, providing market reflects its recent price of 9.3 per share.
Mainstay Tax Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Mainstay, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to MainstayMainstay |
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.
Mainstay Tax Free Technical Analysis
The output start index for this execution was three with a total number of output elements of fifty-eight. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Mainstay Tax Free volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Mainstay Tax Free Trend Analysis
Use this graph to draw trend lines for Mainstay Tax Free. You can use it to identify possible trend reversals for Mainstay Tax as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Mainstay Tax price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Mainstay Tax Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Mainstay Tax Free applied against its price change over selected period. The best fit line has a slop of 0.0011 , which may suggest that Mainstay Tax Free market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.05, which is the sum of squared deviations for the predicted Mainstay Tax price change compared to its average price change.About Mainstay Tax Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Mainstay Tax Free on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Mainstay Tax Free based on its technical analysis. In general, a bottom-up approach, as applied to this mutual fund, focuses on Mainstay Tax Free price pattern first instead of the macroeconomic environment surrounding Mainstay Tax Free. By analyzing Mainstay Tax's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Mainstay Tax's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Mainstay Tax specific price patterns or momentum indicators. Please read more on our technical analysis page.
Mainstay Tax April 25, 2024 Technical Indicators
Most technical analysis of Mainstay help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Mainstay from various momentum indicators to cycle indicators. When you analyze Mainstay charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.04) | |||
| Market Risk Adjusted Performance | 1.23 | |||
| Mean Deviation | 0.1231 | |||
| Coefficient Of Variation | (4,008) | |||
| Standard Deviation | 0.1884 | |||
| Variance | 0.0355 | |||
| Information Ratio | (0.53) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | 1.22 | |||
| Maximum Drawdown | 1.17 | |||
| Value At Risk | (0.32) | |||
| Potential Upside | 0.3198 | |||
| Skewness | (0.37) | |||
| Kurtosis | 2.54 |
Mainstay Tax April 25, 2024 Daily Trend Indicators
Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Mainstay stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 0.00 | ||
| Daily Balance Of Power | (Huge) | ||
| Rate Of Daily Change | 1.00 | ||
| Day Median Price | 9.30 | ||
| Day Typical Price | 9.30 | ||
| Price Action Indicator | 0.00 |
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 Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.