New York Correlations
| NYCB-PA Preferred Stock | USD 21.28 0.20 0.93% |
The current 90-days correlation between New York Community and Pinnacle Financial Partners is -0.06 (i.e., Good diversification). The correlation of New York is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
New York Correlation With Market
Weak diversification
The correlation between New York Community and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding New York Community and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to New York could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace New York when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back New York - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling New York Community to buy it.
Moving together with New Preferred Stock
| 0.71 | PTAIF | PT Astra International | PairCorr |
| 0.72 | GLNG | Golar LNG Limited | PairCorr |
| 0.74 | BLK | BlackRock Fiscal Year End 10th of January 2025 | PairCorr |
| 0.85 | LOW | Lowes Companies | PairCorr |
| 0.81 | JVA | Coffee Holding | PairCorr |
| 0.69 | PETQ | PetIQ Inc | PairCorr |
Moving against New Preferred Stock
| 0.61 | IDAI | Trust Stamp | PairCorr |
| 0.58 | EC | Ecopetrol SA ADR | PairCorr |
| 0.32 | ROIV | Roivant Sciences Sell-off Trend | PairCorr |
| 0.31 | PIFMF | PT Indofood Sukses | PairCorr |
| 0.54 | 962166AT1 | WEYERHAEUSER 85 percent | PairCorr |
| 0.5 | SCVFF | Scotch Creek Ventures | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
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Risk-Adjusted Indicators
There is a big difference between New Preferred Stock performing well and New York Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze New York's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| WTFCP | 0.12 | 0.02 | (0.55) | 0.69 | 0.00 | 0.28 | 0.80 | |||
| PNFPP | 0.31 | 0.07 | (0.15) | (0.39) | 0.29 | 0.65 | 2.32 | |||
| ASB-PF | 0.63 | (0.02) | (0.14) | 0.01 | 0.83 | 1.17 | 3.52 | |||
| WSBCP | 0.22 | 0.05 | (0.23) | (0.28) | 0.24 | 0.48 | 1.78 | |||
| CFG-PE | 0.79 | (0.06) | 0.00 | (0.11) | 0.00 | 1.59 | 3.86 | |||
| KEY-PJ | 0.62 | 0.02 | (0.08) | 0.20 | 0.80 | 1.13 | 3.35 | |||
| KEY-PK | 0.69 | 0.06 | (0.04) | 0.38 | 0.88 | 1.30 | 3.61 | |||
| RF-PC | 0.60 | 0.04 | (0.08) | 0.58 | 0.77 | 1.02 | 4.15 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in New York without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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New York Corporate Management
| Robert Brown | Chief VP | Profile | |
| Thomas CPA | CEO Pres | Profile | |
| John Adams | Sr Officer | Profile | |
| Jennifer Charters | Ex Officer | Profile | |
| Anthony Donatelli | Director VP | Profile | |
| JD Esq | Gen VP | Profile | |
| Salvatore DiMartino | Ex Relations | Profile |