Will MainStay Convertible continue to make you money?
 | By Ellen Johnson | Macroaxis Story |
Inspite fairly weak basic indicators, MainStay Convertible showed solid returns over the last few months and may actually be approaching a breakup point.
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Reviewed by Michael Smolkin
The firm dividends can provide a clue to current valuation of the fund. The entity one year expected dividend income is about $0.31 per share.
Typically, a company's financial statements are the reports that show the financial position of the company. There are three main documents that fall into the category of financial statements. These documents include Mainstay Convertible income statement, its balance sheet, and the statement of cash flows. Potential Mainstay Convertible investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although Mainstay Convertible investors may use each financial statement separately, they are all related. The changes in Mainstay Convertible's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Mainstay Convertible's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.
The goal of Mainstay Convertible fundamental analysis is to do accurate financial forecasts. There are several possible objectives to fundamental analysis, such as projecting of Mainstay Convertible performance into the future periods or doing a reasonable stock valuation. The intrinsic value of Mainstay Convertible shares is the value that is considered the true value of the share. If the intrinsic value of Mainstay is higher than its market price, buying is generally recommended. If it is equal to the market price, it is recommended to hold; and if it is less than the market price, then one should sell all shares Mainstay Convertible. Please read more on our fundamental analysis page. And What about dividends?
A dividend is the distribution of a portion of Mainstay Convertible earnings, decided and managed by the company's board of directors and paid to a class of its shareholders. Note, announcements of dividend payouts are generally accompanied by a proportional increase or decrease in a company's stock price. Mainstay Convertible dividend payments follow a chronological order of events, and the associated dates are important to determine the shareholders who qualify for receiving the dividend payment. Mainstay one year expected dividend income is about USD0.01 per share.
Investing in stocks that pay dividends, such as mutual fund of Mainstay Vertible Fund, is one of many strategies that are good for long-term investments. Ex-dividend dates are significant because investors in Mainstay Convertible must own a stock before its ex-dividend date to receive its next dividend.
This type of analysis is very useful when you want to generate a past dividend schedule and payout information for Mainstay Convertible. Then that information in the form of graph and calendar can be used to fully explain how Du Pont dividends can provide a real clue to its valuation.Instrument Allocation
The asset allocation of funds such as Mainstay Convertible usually varies among a different mix of asset classes. Balanced mutual funds invest not only in bonds, which focus primarily on income, and stocks, which aim for investment growth, but also keep some reserve in cash or even exotic instruments. Below we show the current asset allocation of Mainstay Vertible Fund
DetailsBreaking it down a bit more
MainStay Convertible has beta of 0.0. The returns on MARKET and MainStay Convertible are completely uncorrelated. The latest bullish price patterns experienced by current MainStay Convertible Inv shareholders may encourage investors to take a closer look at the organization as it closed today at a share price of 17.16 on 1.000 in trading volume. The fund managers have been very successful with rebalancing the organization components at opportune times to take advantage of market volatility in January. The fund standard deviation of daily returns for 30 days (very short) investing horizon is currently 0.7021. The very small Fund volatility is a good signal to investors with longer term investment horizons. MainStay Convertible makes 1.29b total asset. MainStay Convertible is selling at 17.16. That is 0.82 percent up. Today highest was 17.16. To summarize, our primary buy vs. sell advice on the fund is Strong Hold. MainStay Convertible is currently fairly valued with very small chance of financial distress for the next two years.
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This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Ellen Johnson do not own shares of Mainstay Vertible Fund. Please refer to our Terms of Use for any information regarding our disclosure principles.