Mainstay Tax Free Fund Fundamentals
| MKINX Fund | USD 9.34 0.01 0.11% |
Mainstay Tax Free fundamentals help investors to digest information that contributes to Mainstay Tax's financial success or failures. It also enables traders to predict the movement of Mainstay Mutual Fund. The fundamental analysis module provides a way to measure Mainstay Tax's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Mainstay Tax mutual fund.
Mainstay |
Mainstay Tax Free Mutual Fund Year To Date Return Analysis
Mainstay Tax's Year to Date Return (YTD) is the total return generated from holding a security from the beginning of the current fiscal year. In other words, YTD Return represents the capital appreciation of your investments from the start of the current fiscal year.
More About Year To Date Return | All Equity Analysis
YTD Return | = | (Mean of Monthly Returns - 1) | X | 100% |
Current Mainstay Tax Year To Date Return | 0.14 % |
Most of Mainstay Tax's fundamental indicators, such as Year To Date Return, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Mainstay Tax Free is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Year-To-Date typically refers to a period starting from the beginning of the current year and continuing up to the present day. Investors should becareful when comparing YTD ratios if not much of the year has occurred as research shows that YTD measures are more sensitive to early periods than late.
| Competition |
Based on the company's disclosures, Mainstay Tax Free has a Year To Date Return of 0.143%. This is much higher than that of the MainStay family and significantly higher than that of the Muni National Long category. The year to date return for all United States funds is notably lower than that of the firm.
Mainstay Tax Free Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Mainstay Tax's current stock value. Our valuation model uses many indicators to compare Mainstay Tax value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Mainstay Tax competition to find correlations between indicators driving Mainstay Tax's intrinsic value. More Info.Mainstay Tax Free is regarded fourth largest fund in annual yield among similar funds. It is regarded second largest fund in year to date return among similar funds creating about 43.33 of Year To Date Return per Annual Yield. Comparative valuation analysis is a catch-all model that can be used if you cannot value Mainstay Tax by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Mainstay Tax's Mutual Fund. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Mainstay Tax's earnings, one of the primary drivers of an investment's value.Mainstay Year To Date Return Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Mainstay Tax's direct or indirect competition against its Year To Date Return to detect undervalued stocks with similar characteristics or determine the mutual funds which would be a good addition to a portfolio. Peer analysis of Mainstay Tax could also be used in its relative valuation, which is a method of valuing Mainstay Tax by comparing valuation metrics of similar companies.Mainstay Tax is currently under evaluation in year to date return among similar funds.
Fund Asset Allocation for Mainstay Tax
The fund consists of 93.8% investments in fixed income securities, with the rest of funds allocated in cash and various exotic instruments.Asset allocation divides Mainstay Tax's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
Mainstay Fundamentals
| Total Asset | 9.1 B | |||
| Annual Yield | 0 % | |||
| Year To Date Return | 0.14 % | |||
| One Year Return | 2.68 % | |||
| Three Year Return | (1.66) % | |||
| Five Year Return | 1.28 % | |||
| Ten Year Return | 4.76 % | |||
| Net Asset | 3.07 B | |||
| Minimum Initial Investment | 1 K | |||
| Last Dividend Paid | 0.02 | |||
| Cash Position Weight | 6.18 % | |||
| Bond Positions Weight | 93.80 % |
About Mainstay Tax Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Mainstay Tax Free's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Mainstay Tax using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Mainstay Tax Free based on its fundamental data. In general, a quantitative approach, as applied to this mutual fund, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.The fund, under normal circumstances, invests at least 80 percent of its assets in municipal bonds that are rated investment grade. On average, it will invest in municipal bonds that have a maturity range of 10 to 30 years. The fund may not invest more than 20 percent of its net assets in tax-exempt securities subject to the federal alternative minimum tax.
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck 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 board of governors. You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.