New York Correlations
| NYMTL Preferred Stock | USD 22.66 0.05 0.22% |
The current 90-days correlation between New York Mortgage and New York Mortgage is 0.05 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as New York moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if New York Mortgage moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
New York Correlation With Market
Modest diversification
The correlation between New York Mortgage and DJI is 0.25 (i.e., Modest 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.
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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 Mortgage to buy it.
Moving together with New Preferred Stock
| 0.73 | MITT-PB | AG Mortgage Investment | PairCorr |
| 0.9 | MITT-PC | AG Mortgage Investment | PairCorr |
| 0.81 | NREF-PA | NexPoint Real Estate | PairCorr |
| 0.89 | LFT-PA | Lument Finance Trust | PairCorr |
| 0.63 | ACR-PD | ACRES Commercial Realty | PairCorr |
| 0.93 | ACR-PC | ACRES Commercial Realty | PairCorr |
| 0.88 | GPMT | Granite Point Mortgage | PairCorr |
| 0.76 | TRTX-PC | TPG RE Finance Potential Growth | PairCorr |
| 0.85 | GPMT-PA | Granite Point Mortgage | PairCorr |
| 0.82 | NLY-PI | Annaly Capital Management | PairCorr |
| 0.88 | NLY-PF | Annaly Capital Management | PairCorr |
| 0.85 | NLY-PG | Annaly Capital Management | PairCorr |
| 0.68 | IVR-PB | Invesco Mortgage Capital | PairCorr |
| 0.94 | ABR-PF | Arbor Realty Trust | PairCorr |
| 0.64 | ABR-PE | Arbor Realty Trust | PairCorr |
| 0.64 | ABR-PD | Arbor Realty Trust | PairCorr |
| 0.96 | RITM-PC | Rithm Capital Corp | PairCorr |
| 0.92 | RITM-PD | Rithm Capital Corp | PairCorr |
| 0.92 | RITM-PA | Rithm Capital Corp | PairCorr |
| 0.94 | RITM-PB | Rithm Capital Corp | PairCorr |
| 0.96 | NYMTM | New York Mortgage | PairCorr |
| 0.7 | ARR-PC | ARMOUR Residential REIT | PairCorr |
Moving against New Preferred Stock
| 0.62 | ECRO | Ecc Cap Corp | PairCorr |
| 0.49 | IVR-PC | Invesco Mortgage Capital | PairCorr |
| 0.4 | MITT | AG Mortgage Investment | PairCorr |
| 0.63 | MRTI | Maxus Realty Trust | PairCorr |
| 0.54 | NYMT | New York Mortgage | PairCorr |
Related Correlations Analysis
| 0.74 | 0.32 | 0.56 | 0.45 | NYMTZ | ||
| 0.74 | 0.59 | 0.74 | 0.45 | NYMTN | ||
| 0.32 | 0.59 | 0.93 | 0.78 | NYMTM | ||
| 0.56 | 0.74 | 0.93 | 0.84 | AGNCO | ||
| 0.45 | 0.45 | 0.78 | 0.84 | MFA-PC | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NYMTZ | 0.66 | 0.14 | 0.00 | (0.84) | 0.63 | 1.63 | 4.88 | |||
| NYMTN | 0.39 | 0.06 | (0.13) | (0.74) | 0.40 | 0.86 | 3.74 | |||
| NYMTM | 0.28 | 0.08 | (0.11) | 2.28 | 0.00 | 0.89 | 1.83 | |||
| AGNCO | 0.18 | 0.00 | (0.32) | 0.00 | 0.00 | 0.48 | 1.52 | |||
| MFA-PC | 0.45 | 0.07 | (0.07) | 7.96 | 0.48 | 1.01 | 2.88 |
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
| Steven CPA | Ex Chairman | Profile | |
| Jason Serrano | CEO Pres | Profile | |
| Nathan Reese | COO Sec | Profile | |
| Steven Brannan | Managing Director | Profile | |
| Stephen Hogue | Managing Director | Profile | |
| CPA Eng | CFO Officer | Profile | |
| Nicholas Mah | Managing Director | Profile |