New America High Etf Performance
| HYB Etf | USD 8.30 0.01 0.12% |
The etf secures a Beta (Market Risk) of -0.0418, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning New America are expected to decrease at a much lower rate. During the bear market, New America is likely to outperform the market.
Risk-Adjusted Performance
5 of 100
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Modest
Compared to the overall equity markets, risk-adjusted returns on investments in New America High are ranked lower than 5 (%) of all global equities and portfolios over the last 90 days. Despite somewhat strong basic indicators, New America is not utilizing all of its potentials. The latest stock price disturbance, may contribute to short-term losses for the investors. ...more
1 | New America High Income Fund declares 0.04 dividend | 10/01/2024 |
2 | The New America High Income Fund, Inc. Declares Distribution | 11/01/2024 |
3 | The New America High Income Fund, Inc.Results of 2024 Annual Me | 11/20/2024 |
| Expense Ratio | 0.9600 |
New |
New America Relative Risk vs. Return Landscape
If you would invest 813.00 in New America High on August 31, 2024 and sell it today you would earn a total of 16.00 from holding New America High or generate 1.97% return on investment over 90 days. New America High is generating 0.0321% of daily returns assuming volatility of 0.4813% on return distribution over 90 days investment horizon. In other words, 4% of etfs are less volatile than New, and above 99% of all equities are expected to generate higher returns over the next 90 days. Expected Return |
| Risk |
New America Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for New America's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as New America High, and traders can use it to determine the average amount a New America's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0667
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| Negative Returns | HYB |
Estimated Market Risk
| 0.48 actual daily | 4 96% of assets are more volatile |
Expected Return
| 0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average New America is performing at about 5% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of New America by adding it to a well-diversified portfolio.
New America Fundamentals Growth
New Etf prices reflect investors' perceptions of the future prospects and financial health of New America, and New America fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on New Etf performance.
| Return On Equity | -19.63 | ||||
| Return On Asset | 3.28 | ||||
| Profit Margin | (225.08) % | ||||
| Operating Margin | 85.27 % | ||||
| Current Valuation | 241.3 M | ||||
| Shares Outstanding | 23.37 M | ||||
| Price To Earning | 16.35 X | ||||
| Price To Book | 0.72 X | ||||
| Price To Sales | 9.15 X | ||||
| Revenue | 17.95 M | ||||
| Cash And Equivalents | 16 K | ||||
| Total Debt | 84 M | ||||
| Debt To Equity | 0.47 % | ||||
| Book Value Per Share | 9.79 X | ||||
| Cash Flow From Operations | 11.81 M | ||||
| Earnings Per Share | 0.43 X | ||||
| Total Asset | 222.25 M | ||||
| Retained Earnings | (233.73 M) | ||||
About New America Performance
By analyzing New America's fundamental ratios, stakeholders can gain valuable insights into New America's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if New America has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if New America has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
The New America High Income Fund Inc. is a closed-ended fixed income mutual fund launched and managed by T. Rowe Price Associates, Inc. The fund invests in the fixed income markets of the United States. It seeks to invest in the stocks of companies operating across the diversified sectors. The fund invests in high yield fixed-income securities i.e. junk bonds rated BB or lower by SP or Ba or lower by Moody. It benchmarks the performance of its portfolio against the Credit Suisse High Yield Index and the Citigroup 10 Year Treasury Index. The New America High Income Fund Inc. was formed on November 19, 1987 and is domiciled in the United States.| 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 |
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.