New York Financials
| PRNYX Fund | USD 10.89 0.02 0.18% |
New |
Please note that you must use caution to infer results of funds future performance. Investment returns and principal value will fluctuate so that investors' shares, when sold, may be worth more or less than their original cost.
New York Fund Summary
New York competes with New Jersey, T Rowe, Virginia Tax-free, and T Rowe. The fund invests so that, under normal market conditions, at least 80 percent of its net assets are invested in bonds that pay interest exempt from federal, New York state, and New York City income taxes, and at least 80 percent of the funds income is expected to be exempt from federal, New York state, and New York City income taxes.Specialization | Muni New York Long, Large |
| Instrument | USA Mutual Fund View All |
| Exchange | NMFQS Exchange |
| ISIN | US7795711081 |
| Business Address | T Rowe Price |
| Mutual Fund Family | T. Rowe Price |
| Mutual Fund Category | Muni New York Long |
| Benchmark | Dow Jones Industrial |
| Phone | 800 638 5660 |
| Currency | USD - US Dollar |
New York Key Financial Ratios
New Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining New York's current stock value. Our valuation model uses many indicators to compare New York value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across New York competition to find correlations between indicators driving New York's intrinsic value. More Info.New York Tax Free is rated top fund in annual yield among similar funds. It also is rated top fund in year to date return among similar funds creating about 549.60 of Year To Date Return per Annual Yield. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the New York's earnings, one of the primary drivers of an investment's value.New York Tax Systematic Risk
New York's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. New York volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was three with a total number of output elements of fifty-eight. The Beta measures systematic risk based on how returns on New York Tax correlated with the market. If Beta is less than 0 New York generally moves in the opposite direction as compared to the market. If New York Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one New York Tax is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of New York is generally in the same direction as the market. If Beta > 1 New York moves generally in the same direction as, but more than the movement of the benchmark.
New York November 23, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of New York help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of New York Tax Free. We use our internally-developed statistical techniques to arrive at the intrinsic value of New York Tax Free based on widely used predictive technical indicators. In general, we focus on analyzing New Mutual Fund price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build New York's daily price indicators and compare them against related drivers.
| Downside Deviation | 0.423 | |||
| Information Ratio | (0.35) | |||
| Maximum Drawdown | 1.76 | |||
| Value At Risk | (0.45) | |||
| Potential Upside | 0.4647 |
Other Information on Investing in New Mutual Fund
New York financial ratios help investors to determine whether New 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 New with respect to the benefits of owning New York security.
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