New York Correlations

NYMT Stock

USD 5.98 0.09 1.53%

The current 90-days correlation between New York Mortgage and Two Harbors Investments is 0.3 (i.e., Weak 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. If the correlation is 0, the equities are not correlated; they are entirely random.

New York Correlation With Market

Weak diversification

The correlation between New York Mortgage and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding New York Mortgage and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in New York Mortgage. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with New Stock

0.84	RC	Ready Capital Corp	Pair Corr
0.74	RM	Regional Management Corp	Pair Corr

Moving against New Stock

0.8	TW	Tradeweb Markets Normal Trading	Pair Corr
0.78	LX	Lexinfintech Holdings	Pair Corr
0.75	AC	Associated Capital	Pair Corr
0.71	QD	Qudian Inc	Pair Corr
0.7	CG	Carlyle Group	Pair Corr
0.68	AB	AllianceBernstein	Pair Corr
0.6	MA	Mastercard	Pair Corr
0.56	DB	Deutsche Bank AG	Pair Corr
0.54	MS	Morgan Stanley Sell-off Trend	Pair Corr
0.54	SF	Stifel Financial Earnings Call This Week	Pair Corr
0.51	BN	Brookfield Corp	Pair Corr
0.47	LC	LendingClub Corp	Pair Corr
0.47	LU	Lufax Holding	Pair Corr
0.45	BX	Blackstone Group Normal Trading	Pair Corr
0.41	PX	P10 Inc	Pair Corr
0.4	DIST	Distoken Acquisition	Pair Corr
0.38	WD	Walker Dunlop	Pair Corr
0.32	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.74	DYCQ	DT Cloud Acquisition	Pair Corr
0.52	VCTR	Victory Capital Holdings Sell-off Trend	Pair Corr
0.43	GCMGW	GCM Grosvenor	Pair Corr
0.43	VMCA	Valuence Merger Corp	Pair Corr
0.35	LGHLW	Lion Financial Group	Pair Corr
0.31	VRTS	Virtus Investment	Pair Corr

Related Correlations Analysis

	TWO	ARR	NLY	AGNC	CIM	ORC	IVR	RC	EFC
TWO		0.9	0.4	0.78	0.51	0.63	0.61	0.72	0.85	TWO
ARR	0.9		0.68	0.84	0.68	0.8	0.75	0.65	0.86	ARR
NLY	0.4	0.68		0.77	0.6	0.7	0.76	0.24	0.46	NLY
AGNC	0.78	0.84	0.77		0.64	0.61	0.85	0.45	0.6	AGNC
CIM	0.51	0.68	0.6	0.64		0.4	0.81	0.12	0.4	CIM
ORC	0.63	0.8	0.7	0.61	0.4		0.53	0.69	0.82	ORC
IVR	0.61	0.75	0.76	0.85	0.81	0.53		0.25	0.44	IVR
RC	0.72	0.65	0.24	0.45	0.12	0.69	0.25		0.82	RC
EFC	0.85	0.86	0.46	0.6	0.4	0.82	0.44	0.82		EFC
	TWO	ARR	NLY	AGNC	CIM	ORC	IVR	RC	EFC

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Risk-Adjusted Indicators

There is a big difference between New 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
TWO	0.95	(0.26)	0.00	(0.27)	0.00	0.00	1.56	(2.21)	8.41
ARR	0.75	(0.10)	0.00	(0.12)	0.00	0.00	1.47	(2.02)	4.86
NLY	0.79	0.01	(0.07)	0.17	1.12	(0.75)	1.60	(1.77)	4.59
AGNC	0.82	(0.03)	(0.09)	(0.03)	1.28	(0.78)	1.49	(2.10)	5.49
CIM	1.02	(0.07)	(0.07)	0.02	1.52	(1.01)	1.80	(2.36)	8.55
ORC	0.86	(0.03)	(0.07)	0.05	1.38	(0.84)	1.66	(2.11)	6.35
IVR	1.04	(0.04)	(0.07)	0.02	1.50	(1.03)	1.85	(2.89)	6.35
RC	1.28	(0.27)	0.00	(0.13)	0.00	0.00	2.95	(2.57)	8.18
EFC	0.65	(0.09)	0.00	(0.11)	0.00	0.00	1.02	(1.26)	4.21

New York Corporate Executives

Elected by the shareholders, the New York's board of directors comprises two types of representatives: New York inside directors who are chosen from within the company, and outside directors, selected externally and held independent of New. The board's role is to monitor New York's management team and ensure that shareholders' interests are well served. New York's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, New York's outside directors are responsible for providing unbiased perspectives on the board's policies.

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