Mainstay Indexed Bond Fund Manager Performance Evaluation
| MIXAX Fund | USD 9.05 0.01 0.11% |
The fund secures a Beta (Market Risk) of -0.025, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Mainstay Indexed are expected to decrease at a much lower rate. During the bear market, Mainstay Indexed is likely to outperform the market.
Risk-Adjusted Performance
1 of 100
Weak | Strong |
Weak
Compared to the overall equity markets, risk-adjusted returns on investments in Mainstay Indexed Bond are ranked lower than 1 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong basic indicators, Mainstay Indexed is not utilizing all of its potentials. The recent stock price disturbance, may contribute to short-term losses for the investors.
...more| Expense Ratio Date | 28th of February 2023 | |
| Expense Ratio | 0.7500 |
Mainstay |
Mainstay Indexed Relative Risk vs. Return Landscape
If you would invest 904.00 in Mainstay Indexed Bond on January 28, 2024 and sell it today you would earn a total of 1.00 from holding Mainstay Indexed Bond or generate 0.11% return on investment over 90 days. Mainstay Indexed Bond is currently producing 0.0018% returns and takes up 0.1395% volatility of returns over 90 trading days. Put another way, 1% of traded mutual funds are less volatile than Mainstay, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Mainstay Indexed Current Valuation
Fairly Valued
Today
Please note that Mainstay Indexed's price fluctuation is very steady at this time. At this time, the fund appears to be fairly valued. Mainstay Indexed Bond secures a last-minute Real Value of $9.01 per share. The latest price of the fund is $9.05. We determine the value of Mainstay Indexed Bond from analyzing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we recommend acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will merge together.
Our valuation method for Mainstay Indexed Bond is useful when determining the fair value of the Mainstay mutual fund, which is usually determined by what a typical buyer is willing to pay for full or partial control of Mainstay Indexed. Since Mainstay Indexed is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Mainstay Mutual Fund. However, Mainstay Indexed's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 9.05 | Real 9.01 | Hype 9.05 |
The real value of Mainstay Mutual Fund, also known as its intrinsic value, is the underlying worth of Mainstay Indexed Bond Mutual Fund, which is reflected in its stock price. It is based on Mainstay Indexed's financial performance, assets, liabilities, growth prospects, management team, or industry conditions. The intrinsic value of Mainstay Indexed's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Mainstay Indexed's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Mainstay Indexed Bond helps investors to forecast how Mainstay mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Mainstay Indexed more accurately as focusing exclusively on Mainstay Indexed's fundamentals will not take into account other important factors: Mainstay Indexed Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mainstay Indexed's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Mainstay Indexed Bond, and traders can use it to determine the average amount a Mainstay Indexed's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0133
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | MIXAX |
Estimated Market Risk
| 0.14 actual daily | 1 99% of assets are more volatile |
Expected Return
| 0.0 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.01 actual daily | 1 99% of assets perform better |
Based on monthly moving average Mainstay Indexed is performing at about 1% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Mainstay Indexed by adding it to a well-diversified portfolio.
Mainstay Indexed Fundamentals Growth
Mainstay Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Mainstay Indexed, and Mainstay Indexed fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Mainstay Mutual Fund performance.
| Total Asset | 54.07 M | |||
About Mainstay Indexed Performance
To evaluate Mainstay Indexed Bond Mutual Fund as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Mainstay Indexed generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Mainstay Mutual Fund's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Mainstay Indexed Bond market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Mainstay's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.The fund, under normal circumstances, invests at least 80 percent of its assets in debt securities. Under normal circumstances, it invests at least 80 percent of net assets in investment grade quality bonds of various types as rated by a nationally recognized statistical rating organization , or if unrated, judged to be of comparable quality by NYL Investors LLC, the funds Subadvisor. The fund may invest up to 20 percent of its net assets in bonds rated below investment grade by a NRSRO, commonly referred to as high yield or junk bonds.Things to note about Mainstay Indexed Bond performance evaluation
Checking the ongoing alerts about Mainstay Indexed for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Mainstay Indexed Bond help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| The fund generated three year return of 0.0% | |
| Mainstay Indexed Bond maintains about 8.42% of its assets in bonds |
- Analyzing Mainstay Indexed's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Mainstay Indexed's stock is overvalued or undervalued compared to its peers.
- Examining Mainstay Indexed's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Mainstay Indexed's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Mainstay Indexed's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Mainstay Indexed's mutual fund. These opinions can provide insight into Mainstay Indexed's potential for growth and whether the stock is currently undervalued or overvalued.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mainstay Indexed Bond. 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 Indexed Bond information on this page should be used as a complementary analysis to other Mainstay Indexed'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 Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.