New America High Etf Buy Hold or Sell Recommendation
| HYB Etf | USD 8.22 0.05 0.60% |
Considering the 90-day investment horizon and your typical level of risk aversion, our recommendation regarding New America High is 'Hold'. Macroaxis provides New America buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding HYB positions.
Check out New America Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note, we conduct extensive research on individual funds such as New and provide practical buy, sell, or hold recommendation based on investors' investing horizon and their risk tolerance towards New America High. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.
New |
Execute New America Buy or Sell Advice
The New recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on New America High. Macroaxis does not own or have any residual interests in New America High or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute New America's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Hold
Market Performance | Weak | Details | |
Volatility | Very steady | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Below Average | Details | |
Economic Sensitivity | Ignores market trends | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Not Available | Details | |
Financial Leverage | Not Rated | Details |
New America Trading Alerts and Improvement Suggestions
| New America High has 84 M in debt with debt to equity (D/E) ratio of 0.47, which is OK given its current industry classification. New America High has a current ratio of 0.07, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist New America until it has trouble settling it off, either with new capital or with free cash flow. So, New America's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like New America High sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for New to invest in growth at high rates of return. When we think about New America's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the last year's revenue of 17.95 M. Reported Net Loss for the year was (40.41 M) with profit before taxes, overhead, and interest of 18.43 M. | |
| Latest headline from gurufocus.com: The New America High Income Fund, Inc.Results of 2024 Annual Me |
New America Returns Distribution Density
The distribution of New America's historical returns is an attempt to chart the uncertainty of New America's future price movements. The chart of the probability distribution of New America daily returns describes the distribution of returns around its average expected value. We use New America High price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of New America returns is essential to provide solid investment advice for New America.
| Mean Return | 0.06 | Value At Risk | -0.74 | Potential Upside | 0.87 | Standard Deviation | 0.50 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of New America historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
New America Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to New America or Financial Services sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that New America's price will be affected by overall etf market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a New etf's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | 0.00 | |
β | Beta against Dow Jones | 0.00 | |
σ | Overall volatility | 0.48 | |
Ir | Information ratio | -0.14 |
New America Volatility Alert
New America High exhibits very low volatility with skewness of -0.06 and kurtosis of 0.08. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure New America's etf risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact New America's etf price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.New America Fundamentals Vs Peers
Comparing New America's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze New America's direct or indirect competition across all of the common fundamentals between New America and the related equities. This way, we can detect undervalued stocks with similar characteristics as New America or determine the etfs which would be an excellent addition to an existing portfolio. Peer analysis of New America's fundamental indicators could also be used in its relative valuation, which is a method of valuing New America by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare New America to competition |
| Fundamentals | New America | Peer Average |
| Price To Earning | 16.35 X | 3.15 X |
| Price To Book | 0.72 X | 0.39 X |
| Price To Sales | 9.15 X | 0.33 X |
| Beta | 0.75 | |
| Annual Yield | 0.08 % | 0.28 % |
| Year To Date Return | 5.58 % | (2.35) % |
| One Year Return | 12.84 % | (0.97) % |
| Three Year Return | 1.23 % | 3.23 % |
| Five Year Return | 3.27 % | 1.12 % |
| Last Dividend Paid | 0.6 | 0.14 |
Note: Acquisition by Bank Of America Corp de of 2130 shares of New America at 10.32 subject to Rule 16b-3 [view details]
New America Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as New . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About New America Buy or Sell Advice
When is the right time to buy or sell New America High? Buying financial instruments such as New Etf isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
Use Investing Ideas to Build Portfolios
In addition to having New America in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Diversified Assets Thematic Idea Now
Diversified Assets
Pablicly traded close-end funds and other entities backed by different types of diversified investments. The Diversified Assets theme has 40 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Diversified Assets Theme or any other thematic opportunities.
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Other Information on Investing in New Etf
New America financial ratios help investors to determine whether New Etf 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 America security.