Mainstay High Yield Fund Probability of Future Mutual Fund Price Finishing Over 5.55
| MHYTX Fund | USD 5.13 0.01 0.20% |
Mainstay |
Mainstay High Target Price Odds to finish over 5.55
The tendency of Mainstay Mutual Fund price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move over $ 5.55 or more in 90 days |
| 5.13 | 90 days | 5.55 | close to zero percent |
Based on a normal probability distribution, the odds of Mainstay High to move over $ 5.55 or more in 90 days from now is close to zero percent (This Mainstay High Yield probability density function shows the probability of Mainstay Mutual Fund to fall within a particular range of prices over 90 days) . Probability of Mainstay High Yield price to stay between its current price of $ 5.13 and $ 5.55 at the end of the 90-day period is about 36.0 .
Assuming the 90 days horizon Mainstay High has a beta of 0.21. This indicates as returns on the market go up, Mainstay High average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Mainstay High Yield will be expected to be much smaller as well. Additionally Mainstay High Yield has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. Mainstay High Price Density |
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Predictive Modules for Mainstay High
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Mainstay High Yield. Regardless of method or technology, however, to accurately forecast the mutual fund market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the mutual fund market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mainstay High's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Mainstay High Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Mainstay High is not an exception. The market had few large corrections towards the Mainstay High's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Mainstay High Yield, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Mainstay High within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.01 | |
β | Beta against NYSE Composite | 0.21 | |
σ | Overall volatility | 0.03 | |
Ir | Information ratio | -0.35 |
Mainstay High Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Mainstay High for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Mainstay High Yield can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| The fund maintains about 9.93% of its assets in bonds |
Mainstay High Technical Analysis
Mainstay High's future price can be derived by breaking down and analyzing its technical indicators over time. Mainstay Mutual Fund technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Mainstay High Yield. In general, you should focus on analyzing Mainstay Mutual Fund price patterns and their correlations with different microeconomic environments and drivers.
Mainstay High Predictive Forecast Models
Mainstay High's time-series forecasting models is one of many Mainstay High's mutual fund analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Mainstay High's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the mutual fund market movement and maximize returns from investment trading.
Things to note about Mainstay High Yield
Checking the ongoing alerts about Mainstay High for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Mainstay High Yield help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| The fund maintains about 9.93% of its assets in bonds |
Check out Mainstay High Backtesting, Portfolio Optimization, Mainstay High Correlation, Mainstay High Hype Analysis, Mainstay High Volatility, Mainstay High History as well as Mainstay High Performance. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.