New York Life Etf Buy Hold or Sell Recommendation
| MMMA Etf | 25.11 0.04 0.16% |
Given the investment horizon of 90 days and your above-average risk tolerance, our recommendation regarding New York Life is 'Hold'. Macroaxis provides New York buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding New York positions. Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in industry. 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 York Life. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in industry.
Execute New York 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 York Life. Macroaxis does not own or have any residual interests in New York Life or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute New York's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Hold
Market Performance | Fair | Details | |
Volatility | Very steady | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Fairly Valued | Details | |
Economic Sensitivity | Ignores market trends | Details | |
Investor Sentiment | Impartial | Details |
New York thematic classifications
 | Broad Municipals ETFsUSA ETFs from Broad Municipals clasification | |
| Municipals ETFsUSA ETFs from Municipals clasification |
New York Returns Distribution Density
The distribution of New York's historical returns is an attempt to chart the uncertainty of New York's future price movements. The chart of the probability distribution of New York daily returns describes the distribution of returns around its average expected value. We use New York Life price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of New York returns is essential to provide solid investment advice for New York.
| Mean Return | 0.01 | Value At Risk | -0.24 | Potential Upside | 0.28 | Standard Deviation | 0.14 |
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 York 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 York 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 York or Broad Municipals ETFs 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 York'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 | 0.14 | |
Ir | Information ratio | -0.32 |
New York Volatility Alert
New York Life exhibits very low volatility with skewness of -0.06 and kurtosis of 0.74. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure New York'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 York'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 York 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.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 25.11 | |||
| Day Typical Price | 25.11 | |||
| Price Action Indicator | 0.02 | |||
| Period Momentum Indicator | 0.04 |
| Symbol | MMMA |
| Name | New York Life |
| Type | Etf |
| Country | United States |
| Exchange | NYSE ARCA |
Analyst Recommendation is not found for New York Life at this timeWe are unable to locate New York Life analyst recommendation at this time. If you believe the equity you are trying to look up is valid, please let us know, and we will check it out.Try Macroaxis Advice
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Analyst Consensus Breakdown
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