Ishares New York Etf Fundamentals
| NYF Etf | USD 54.24 0.09 0.17% |
iShares New York fundamentals help investors to digest information that contributes to IShares New's financial success or failures. It also enables traders to predict the movement of IShares Etf. The fundamental analysis module provides a way to measure IShares New'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 IShares New etf.
IShares |
iShares New York ETF Beta Analysis
IShares New's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current IShares New Beta | 0.94 |
Most of IShares New's fundamental indicators, such as Beta, 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, iShares New York is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
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In accordance with the recently published financial statements, iShares New York has a Beta of 0.94. This is much higher than that of the iShares family and significantly higher than that of the Muni New York Long category. The beta for all United States etfs is notably lower than that of the firm.
IShares Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses IShares New's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of IShares New could also be used in its relative valuation, which is a method of valuing IShares New by comparing valuation metrics of similar companies.IShares New is currently under evaluation in beta as compared to similar ETFs.
IShares New returns are very sensitive to returns on the market. As the market goes up or down, IShares New is expected to follow.
IShares Fundamentals
| Number Of Employees | 90 | |||
| Beta | 0.94 | |||
| Total Asset | 499.5 M | |||
| One Year Return | 5.40 % | |||
| Five Year Return | 1.10 % | |||
| Ten Year Return | 2.00 % | |||
| Net Asset | 499.5 M | |||
| Last Dividend Paid | 0.0894 |
About IShares New Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze iShares New York's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of IShares New using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of iShares New York 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 fund will invest at least 80 percent of its assets in the component securities of the index, and it will invest at least 90 percent of its assets in fixed income securities of the types included in the index that BFA believes will help it track the index. New York is traded on NYSEARCA Exchange in the United States.
Currently Active Assets on Macroaxis
When determining whether iShares New York is a strong investment it is important to analyze IShares New's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact IShares New's future performance. For an informed investment choice regarding IShares Etf, refer to the following important reports:Check out IShares New Piotroski F Score and IShares New Altman Z Score analysis. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
The market value of iShares New York is measured differently than its book value, which is the value of IShares that is recorded on the company's balance sheet. Investors also form their own opinion of IShares New's value that differs from its market value or its book value, called intrinsic value, which is IShares New's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because IShares New's market value can be influenced by many factors that don't directly affect IShares New's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between IShares New's value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares New is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares New's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.