Mainstay Nerstone Growth Fund Price on November 6, 2024
| KLGAX Fund | USD 50.64 0.39 0.78% |
Below is the normalized historical share price chart for Mainstay Nerstone Growth extending back to August 07, 2006. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Mainstay Cornerstone stands at 50.64, as last reported on the 2nd of December, with the highest price reaching 50.64 and the lowest price hitting 50.64 during the day.
If you're considering investing in Mainstay Mutual Fund, it is important to understand the factors that can impact its price. At this stage we consider Mainstay Mutual Fund to be very steady. Mainstay Nerstone Growth has Sharpe Ratio of 0.15, which conveys that the entity had a 0.15% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Mainstay Cornerstone, which you can use to evaluate the volatility of the fund. Please verify Mainstay Cornerstone's Risk Adjusted Performance of 0.0865, mean deviation of 0.7449, and Downside Deviation of 1.25 to check out if the risk estimate we provide is consistent with the expected return of 0.15%.
Mainstay Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Mainstay |
Sharpe Ratio = 0.1544
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Estimated Market Risk
| 0.99 actual daily | 8 92% of assets are more volatile |
Expected Return
| 0.15 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.15 actual daily | 12 88% of assets perform better |
Based on monthly moving average Mainstay Cornerstone is performing at about 12% 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 Cornerstone by adding it to a well-diversified portfolio.
Mainstay Cornerstone Valuation on November 6, 2024
It is possible to determine the worth of Mainstay Cornerstone on a given historical date. On November 6, 2024 Mainstay was worth 49.99 at the beginning of the trading date compared to the closed value of 49.99. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Mainstay Cornerstone mutual fund. Still, in general, we apply an absolute valuation method to find Mainstay Cornerstone's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Mainstay Cornerstone where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Mainstay Cornerstone's related companies.
| Open | High | Low | Close | Volume | |
| 48.82 | 48.82 | 48.82 | 48.82 | 1.00 | |
11/06/2024 | 49.99 | 49.99 | 49.99 | 49.99 | 1.00 |
| 50.74 | 50.74 | 50.74 | 50.74 | 1.00 |
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Mainstay Cornerstone Trading Date Momentum on November 6, 2024
| On November 07 2024 Mainstay Nerstone Growth was traded for 50.74 at the closing time. The highest daily price throughout the period was 50.74 and the lowest price was 50.74 . There was no trading activity during the period 1.0. Lack of trading volume on 11/07/2024 added to the next day price jump. The trading delta at closing time to closing price of the next trading day was 1.50% . The trading delta at closing time to current closing price is 0.94% . |
Mainstay Nerstone Growth Fundamentals Correlations and Trends
By evaluating Mainstay Cornerstone's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Mainstay Cornerstone's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Mainstay financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Mainstay Cornerstone Mutual Fund history
Mainstay Cornerstone investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Mainstay is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Mainstay Nerstone Growth will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Mainstay Cornerstone stock prices may prove useful in developing a viable investing in Mainstay Cornerstone
The fund invests primarily in stocks of large-capitalization U.S. companies considered to have above-average earnings growth potential and reasonable stock prices in comparison with expected earnings. Under normal circumstances, at least 80 percent of its assets will be invested in securities issued by U.S. companies. The Subadvisor employs a traditional, bottom-up fundamental research approach to identify securities that possess sustainable growth at reasonable valuations.
Mainstay Cornerstone Mutual Fund Technical Analysis
Mainstay Cornerstone 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.
Price Boundaries
Mainstay Cornerstone Period Price Range
Low | December 2, 2024
| High |
0.00 | 0.00 |
Mainstay Nerstone Growth cannot be verified against its exchange. Please verify the symbol is currently traded on NMFQS Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Mainstay Cornerstone December 2, 2024 Market Strength
Market strength indicators help investors to evaluate how Mainstay Cornerstone mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Mainstay Cornerstone shares will generate the highest return on investment. By undertsting and applying Mainstay Cornerstone mutual fund market strength indicators, traders can identify Mainstay Nerstone Growth entry and exit signals to maximize returns
Mainstay Cornerstone Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Mainstay Cornerstone's price direction in advance. Along with the technical and fundamental analysis of Mainstay Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Mainstay to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0865 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.1143 |
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Other Information on Investing in Mainstay Mutual Fund
Mainstay Cornerstone financial ratios help investors to determine whether Mainstay Mutual 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 Cornerstone security.
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