MainStay Mutual Fund Manager Performance Evaluation

MNEAX Fund  USD 9.64  0.09  0.94%   
The fund secures a Beta (Market Risk) of 0.1925, which conveys not very significant fluctuations relative to the market. As returns on the market increase, MainStay Conservative returns are expected to increase less than the market. However, during the bear market, the loss on holding MainStay Conservative will be expected to be smaller as well. MainStay Conservative exposes fifteen different technical indicators, which can help you to evaluate its performance.

MainStay Performance

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Over the last 90 days MainStay Conservative ETF has generated negative risk-adjusted returns adding no value to fund investors. In spite of fairly strong basic indicators, MainStay Conservative is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
Fifty Two Week Low9.23
Fifty Two Week High11.46

MainStay Conservative Relative Risk vs. Return Landscape

If you would invest  989.00  in MainStay Conservative ETF on July 6, 2023 and sell it today you would lose (25.00) from holding MainStay Conservative ETF or give up 2.53% of portfolio value over 90 days. MainStay Conservative ETF is currently producing negative expected returns and takes up 0.4743% volatility of returns over 90 trading days. Put another way, 4% 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   
Assuming the 90 days horizon MainStay Conservative is expected to generate 0.76 times more return on investment than the market. However, the company is 1.31 times less risky than the market. It trades about -0.08 of its potential returns per unit of risk. The NYSE Composite is currently generating roughly -0.1 per unit of risk.

MainStay Conservative Current Valuation

Fairly Valued
Today 9.64
Please note that MainStay Conservative's price fluctuation is very steady at this time. MainStay Conservative ETF secures a last-minute Real Value of $9.7 per share. The latest price of the fund is $9.64. At this time, the fund appears to be fairly valued. We determine the value of MainStay Conservative ETF 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 Conservative ETF 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 Conservative. Since MainStay Conservative is currently traded on the exchange, buyers and sellers on that exchange determine the market value of MainStay Mutual Fund. However, MainStay Conservative'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.
Real Value
Estimating the potential upside or downside of MainStay Conservative ETF 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 Conservative more accurately as focusing exclusively on MainStay Conservative's fundamentals will not take into account other important factors:
Band Projection (param)
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MainStay Conservative Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for MainStay Conservative's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as MainStay Conservative ETF, and traders can use it to determine the average amount a MainStay Conservative'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 = -0.082

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Estimated Market Risk

  actual daily
96% of assets are more volatile

Expected Return

  actual daily
Most of other assets have higher returns

Risk-Adjusted Return

  actual daily
Most of other assets perform better
Based on monthly moving average MainStay Conservative is not performing at its full potential. However, 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 Conservative by adding MainStay Conservative to a well-diversified portfolio.

MainStay Conservative Fundamentals Growth

MainStay Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of MainStay Conservative, and MainStay Conservative 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.

About MainStay Conservative Performance

To evaluate MainStay Conservative ETF 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 Conservative 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 Conservative ETF 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 investment seeks current income and, secondarily, long-term growth of capital. Mainstay Conservative is traded on NASDAQ Exchange in the United States.

Things to note about MainStay Conservative ETF performance evaluation

Checking the ongoing alerts about MainStay Conservative for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for MainStay Conservative ETF help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
MainStay Conservative generated a negative expected return over the last 90 days
MainStay Conservative is unlikely to experience financial distress in the next 2 years
The fund maintains about 6.58% of its assets in cash
Evaluating MainStay Conservative's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate MainStay Conservative's mutual fund performance include:
  • Analyzing MainStay Conservative'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 Conservative's stock is overvalued or undervalued compared to its peers.
  • Examining MainStay Conservative'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 Conservative's management team can have a significant impact on its success or failure. Reviewing the track record and experience of MainStay Conservative's management team can help you assess the Mutual Fund's leadership.
  • Pay attention to analyst opinions and ratings of MainStay Conservative's mutual fund. These opinions can provide insight into MainStay Conservative's potential for growth and whether the stock is currently undervalued or overvalued.
It's essential to remember that evaluating MainStay Conservative's mutual fund performance is not an exact science, and many factors can impact MainStay Conservative's mutual fund market price. Therefore, it's also important to diversify your portfolio and not rely solely on one company or stock for your investments.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MainStay Conservative ETF. 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 Conservative ETF information on this page should be used as a complementary analysis to other MainStay Conservative'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 Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.

Complementary Tools for MainStay Mutual Fund analysis

When running MainStay Conservative's price analysis, check to measure MainStay Conservative'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 Conservative is operating at the current time. Most of MainStay Conservative's value examination focuses on studying past and present price action to predict the probability of MainStay Conservative'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 Conservative's price. Additionally, you may evaluate how the addition of MainStay Conservative to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between MainStay Conservative's value and its price as these two are different measures arrived at by different means. Investors typically determine if MainStay Conservative is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MainStay Conservative'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.