MainStay Mutual Fund Technical Analysis
| MNEAX Fund | USD 9.64 0.09 0.94% |
As of the 4th of October, MainStay Conservative secures the Risk Adjusted Performance of (0.08), mean deviation of 0.3477, and Standard Deviation of 0.4384. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of MainStay Conservative ETF, as well as the relationship between them. Strictly speaking, you can use this information to find out if the fund will indeed mirror its model of past prices, or the prices will eventually revert. We were able to analyze thirteen technical drivers for MainStay Conservative, which can be compared to its peers in the industry. Please verify MainStay Conservative ETF standard deviation and value at risk to decide if MainStay Conservative ETF is priced some-what accurately, providing market reflects its recent price of 9.64 per share.
MainStay Conservative Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as MainStay, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to MainStayMainStay |
MainStay Conservative technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
MainStay Conservative ETF Technical Analysis
The output start index for this execution was eight with a total number of output elements of fifty-three. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of MainStay Conservative ETF volatility. High ATR values indicate high volatility, and low values indicate low volatility. .
MainStay Conservative ETF Trend Analysis
Use this graph to draw trend lines for MainStay Conservative ETF. You can use it to identify possible trend reversals for MainStay Conservative as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual MainStay Conservative price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.MainStay Conservative Best Fit Change Line
The following chart estimates an ordinary least squares regression model for MainStay Conservative ETF applied against its price change over selected period. The best fit line has a slop of 0.0068 , which may suggest that MainStay Conservative ETF market price will keep on failing further. It has 122 observation points and a regression sum of squares at 1.75, which is the sum of squared deviations for the predicted MainStay Conservative price change compared to its average price change.About MainStay Conservative Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of MainStay Conservative ETF on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of MainStay Conservative ETF based on its technical analysis. In general, a bottom-up approach, as applied to this mutual fund, focuses on MainStay Conservative ETF price pattern first instead of the macroeconomic environment surrounding MainStay Conservative ETF. By analyzing MainStay Conservative's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of MainStay Conservative's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to MainStay Conservative specific price patterns or momentum indicators. Please read more on our technical analysis page.
MainStay Conservative October 4, 2023 Technical Indicators
Most technical analysis of MainStay help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for MainStay from various momentum indicators to cycle indicators. When you analyze MainStay charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.08) | |||
| Market Risk Adjusted Performance | (0.30) | |||
| Mean Deviation | 0.3477 | |||
| Coefficient Of Variation | (876.12) | |||
| Standard Deviation | 0.4384 | |||
| Variance | 0.1922 | |||
| Information Ratio | 0.0675 | |||
| Jensen Alpha | (0.042784) | |||
| Total Risk Alpha | 0.0027 | |||
| Treynor Ratio | (0.31) | |||
| Maximum Drawdown | 1.92 | |||
| Value At Risk | (0.79) | |||
| Potential Upside | 0.6944 | |||
| Skewness | (0.034445) | |||
| Kurtosis | (0.45) |
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 Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
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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