Mainstay Definedterm Muncipal Fund Buy Hold or Sell Recommendation
| MMD Fund | USD 15.66 0.09 0.57% |
Considering the 90-day investment horizon and your above-average risk tolerance, our recommendation regarding Mainstay Definedterm Muncipal is 'Cautious Hold'. Macroaxis provides Mainstay Definedterm buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding MMD positions.
Check out Mainstay Definedterm Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note, we conduct extensive research on individual funds such as Mainstay and provide practical buy, sell, or hold recommendation based on investors' investing horizon and their risk tolerance towards Mainstay Definedterm Muncipal. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in population.
Mainstay |
Execute Mainstay Definedterm Buy or Sell Advice
The Mainstay recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Mainstay Definedterm Muncipal. Macroaxis does not own or have any residual interests in Mainstay Definedterm Muncipal or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Mainstay Definedterm's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Cautious Hold
Market Performance | Very Weak | Details | |
Volatility | Very steady | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Barely shadows the market | Details | |
Analyst Consensus | Not Available | Details |
Mainstay Definedterm Trading Alerts and Improvement Suggestions
| Mainstay Definedterm generated a negative expected return over the last 90 days | |
| Latest headline from news.google.com: NYLI MacKay DefinedTerm Muni Opportunities Fund Amendments to Bylaws Form 8 K - Marketscreener.com | |
| The fund generated three year return of -2.0% |
Mainstay Definedterm Returns Distribution Density
The distribution of Mainstay Definedterm's historical returns is an attempt to chart the uncertainty of Mainstay Definedterm's future price movements. The chart of the probability distribution of Mainstay Definedterm daily returns describes the distribution of returns around its average expected value. We use Mainstay Definedterm Muncipal price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Mainstay Definedterm returns is essential to provide solid investment advice for Mainstay Definedterm.
| Mean Return | -0.09 | Value At Risk | -1.26 | Potential Upside | 0.50 | Standard Deviation | 0.61 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Mainstay Definedterm historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Mainstay Definedterm Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Mainstay Definedterm or Financial Services sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Mainstay Definedterm's price will be affected by overall fund market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Mainstay fund's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | -0.11 | |
β | Beta against Dow Jones | 0.13 | |
σ | Overall volatility | 0.62 | |
Ir | Information ratio | -0.35 |
Mainstay Definedterm Volatility Alert
Mainstay Definedterm Muncipal exhibits very low volatility with skewness of -0.9 and kurtosis of 3.41. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Mainstay Definedterm's fund risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Mainstay Definedterm's fund price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Mainstay Definedterm Fundamentals Vs Peers
Comparing Mainstay Definedterm's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Mainstay Definedterm's direct or indirect competition across all of the common fundamentals between Mainstay Definedterm and the related equities. This way, we can detect undervalued stocks with similar characteristics as Mainstay Definedterm or determine the funds which would be an excellent addition to an existing portfolio. Peer analysis of Mainstay Definedterm's fundamental indicators could also be used in its relative valuation, which is a method of valuing Mainstay Definedterm by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Mainstay Definedterm to competition |
| Fundamentals | Mainstay Definedterm | Peer Average |
| Price To Earning | 13.24 X | 6.53 X |
| Price To Book | 0.81 X | 0.74 X |
| Price To Sales | 13.00 X | 0.61 X |
| Beta | 0.35 | |
| Annual Yield | 0 % | 0.29 % |
| Year To Date Return | 3.59 % | 0.39 % |
| One Year Return | 5.80 % | 4.15 % |
| Three Year Return | (1.77) % | 3.60 % |
| Five Year Return | 1.41 % | 3.24 % |
| Last Dividend Paid | 1.02 | 0.65 |
Mainstay Definedterm Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Mainstay . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Mainstay Definedterm Buy or Sell Advice
When is the right time to buy or sell Mainstay Definedterm Muncipal? Buying financial instruments such as Mainstay Fund isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
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Other Information on Investing in Mainstay Fund
Mainstay Definedterm financial ratios help investors to determine whether Mainstay Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Mainstay with respect to the benefits of owning Mainstay Definedterm security.
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