Mainstay High Yield Fund Probability of Future Mutual Fund Price Finishing Under 5.63

MHYTX Fund  USD 5.16  0.02  0.39%   
Mainstay High's future price is the expected price of Mainstay High instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of Mainstay High Yield performance during a given time horizon utilizing its historical volatility. 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.
  
Please specify Mainstay High's target price for which you would like Mainstay High odds to be computed.

Mainstay High Target Price Odds to finish below 5.63

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 PriceHorizonTarget PriceOdds to stay under $ 5.63  after 90 days
 5.16 90 days 5.63 
close to 99
Based on a normal probability distribution, the odds of Mainstay High to stay under $ 5.63  after 90 days from now is close to 99 (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 $ 5.16  and $ 5.63  at the end of the 90-day period is about 9.19 .
Assuming the 90 days horizon Mainstay High Yield has a beta of -0.0511. This indicates as returns on benchmark increase, returns on holding Mainstay High are expected to decrease at a much lower rate. During the bear market, however, Mainstay High Yield is likely to outperform the market. Additionally Mainstay High Yield has an alpha of 0.0186, implying that it can generate a 0.0186 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
   Mainstay High Price Density   
       Price  

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.
Hype
Prediction
LowEstimatedHigh
4.955.165.37
Details
Intrinsic
Valuation
LowRealHigh
4.895.105.31
Details
Naive
Forecast
LowNextHigh
4.965.175.37
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
5.125.155.19
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Mainstay High. Your research has to be compared to or analyzed against Mainstay High's peers to derive any actionable benefits. When done correctly, Mainstay High's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Mainstay High Yield.

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
0.02
β
Beta against NYSE Composite-0.05
σ
Overall volatility
0.03
Ir
Information ratio -0.54

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 Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.

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When running Mainstay High's price analysis, check to measure Mainstay High's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Mainstay High is operating at the current time. Most of Mainstay High's value examination focuses on studying past and present price action to predict the probability of Mainstay High's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mainstay High's price. Additionally, you may evaluate how the addition of Mainstay High to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Mainstay High's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mainstay High is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mainstay High's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.