New America High Etf Fundamentals
| HYB Etf | USD 8.20 0.09 1.09% |
New America High fundamentals help investors to digest information that contributes to New America's financial success or failures. It also enables traders to predict the movement of New Etf. The fundamental analysis module provides a way to measure New America's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to New America etf.
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New America High ETF Price To Sales Analysis
New America's Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
Current New America Price To Sales | 9.15 X |
Most of New America's fundamental indicators, such as Price To Sales, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, New America High is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
The most critical factor to remember is that the price of equity takes a firm's debt into account, whereas the sales indicators do not consider financial leverage. Generally speaking, Price to Sales ratio shows how much market values every dollar of the company's sales.
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Based on the latest financial disclosure, New America High has a Price To Sales of 9.15 times. This is much higher than that of the Financial Services family and significantly higher than that of the Asset Management category. The price to sales for all United States etfs is notably lower than that of the firm.
New America High Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining New America's current stock value. Our valuation model uses many indicators to compare New America value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across New America competition to find correlations between indicators driving New America's intrinsic value. More Info.New America High is rated # 4 ETF in price to earning as compared to similar ETFs. It is rated # 5 ETF in price to book as compared to similar ETFs fabricating about 0.04 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for New America High is roughly 22.71 . 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 America's earnings, one of the primary drivers of an investment's value.New Price To Sales Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses New America's direct or indirect competition against its Price To Sales to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of New America could also be used in its relative valuation, which is a method of valuing New America by comparing valuation metrics of similar companies.New America is currently under evaluation in price to sales as compared to similar ETFs.
New Fundamentals
| 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 | ||||
| Shares Owned By Insiders | 0.28 % | ||||
| Shares Owned By Institutions | 22.62 % | ||||
| Number Of Shares Shorted | 13.1 K | ||||
| Price To Earning | 16.35 X | ||||
| Price To Book | 0.72 X | ||||
| Price To Sales | 9.15 X | ||||
| Revenue | 17.95 M | ||||
| Gross Profit | 18.43 M | ||||
| Net Income | (40.41 M) | ||||
| Cash And Equivalents | 16 K | ||||
| Total Debt | 84 M | ||||
| Debt To Equity | 0.47 % | ||||
| Current Ratio | 0.07 X | ||||
| Book Value Per Share | 9.79 X | ||||
| Cash Flow From Operations | 11.81 M | ||||
| Short Ratio | 0.22 X | ||||
| Earnings Per Share | 0.43 X | ||||
| Beta | 0.75 | ||||
| Market Capitalization | 181.86 M | ||||
| Total Asset | 222.25 M | ||||
| Retained Earnings | (233.73 M) | ||||
| Annual Yield | 0.08 % | ||||
| Year To Date Return | 1.33 % | ||||
| One Year Return | 6.99 % | ||||
| Three Year Return | 2.50 % | ||||
| Five Year Return | 2.81 % | ||||
| Last Dividend Paid | 0.6 |
About New America Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze New America High's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of New America using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of New America High based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.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.
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.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.