New York Correlations

NYMTM Preferred Stock  USD 25.31  0.04  0.16%   
The current 90-days correlation between New York Mortgage and New York Mortgage is 0.17 (i.e., Average 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

Good diversification

The correlation between New York Mortgage and DJI is -0.03 (i.e., Good 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.
  
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

  0.86DX Dynex CapitalPairCorr
  0.85MITT-PC AG Mortgage Investment Earnings Call This WeekPairCorr
  0.67ACR Acres Commercial RealtyPairCorr
  0.84EFC Ellington FinancialPairCorr
  0.76IVR Invesco Mortgage Capital Earnings Call This WeekPairCorr
  0.79LFT Lument Finance TrustPairCorr
  0.67NLY Annaly Capital ManagementPairCorr
  0.81ORC Orchid Island CapitalPairCorr
  0.83TWO Two Harbors InvestmentsPairCorr
  0.92ACR-PC ACRES Commercial RealtyPairCorr
  0.88NLY-PI Annaly Capital ManagementPairCorr
  0.89NLY-PF Annaly Capital ManagementPairCorr
  0.88NLY-PG Annaly Capital ManagementPairCorr
  0.68IVR-PC Invesco Mortgage Capital Earnings Call This WeekPairCorr
  0.66ABR-PF Arbor Realty TrustPairCorr

Moving against New Preferred Stock

  0.74ABR Arbor Realty TrustPairCorr
  0.68RC Ready Capital CorpPairCorr
  0.68RWT Redwood Trust Earnings Call This WeekPairCorr
  0.65NREF Nexpoint Real EstatePairCorr
  0.64ACR-PD ACRES Commercial RealtyPairCorr
  0.64RC-PC Ready CapitalPairCorr
  0.63ABR-PE Arbor Realty TrustPairCorr
  0.61RC-PE Ready CapitalPairCorr
  0.6GPMT Granite Point MortgagePairCorr
  0.6TRTX-PC TPG RE Finance Earnings Call This WeekPairCorr
  0.52SACH-PA Sachem Capital CorpPairCorr
  0.52ABR-PD Arbor Realty TrustPairCorr
  0.34KREF KKR Real EstatePairCorr

Related Correlations Analysis

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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.

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.

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New York Corporate Management

Steven CPAEx ChairmanProfile
Jason SerranoCEO PresProfile
Nathan ReeseCOO SecProfile
Steven BrannanManaging DirectorProfile
Stephen HogueManaging DirectorProfile
CPA EngCFO OfficerProfile
Nicholas MahManaging DirectorProfile