New York Community Preferred Stock Market Value
| NYCB-PA Preferred Stock | USD 21.61 0.15 0.70% |
| Symbol | New |
New York 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to New York's preferred stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of New York.
| 11/30/2023 |
| 11/24/2024 |
If you would invest 0.00 in New York on November 30, 2023 and sell it all today you would earn a total of 0.00 from holding New York Community or generate 0.0% return on investment in New York over 360 days. New York is related to or competes with Wintrust Financial, Pinnacle Financial, Associated Banc, WesBanco, Citizens Financial, KeyCorp, and KeyCorp. New York Community Bancorp, Inc. operates as a bank holding company for New York Community Bank that provides banking pr... More
New York Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure New York's preferred stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess New York Community upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.32 | |||
| Information Ratio | 0.0363 | |||
| Maximum Drawdown | 8.38 | |||
| Value At Risk | (2.33) | |||
| Potential Upside | 2.42 |
New York Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for New York's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as New York's standard deviation. In reality, there are many statistical measures that can use New York historical prices to predict the future New York's volatility.| Risk Adjusted Performance | 0.1036 | |||
| Jensen Alpha | 0.0875 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.0388 | |||
| Treynor Ratio | 0.246 |
New York Community Backtested Returns
At this point, New York is very steady. New York Community has Sharpe Ratio of 0.1, which conveys that the firm had a 0.1% return per unit of risk over the last 3 months. We have found thirty technical indicators for New York, which you can use to evaluate the volatility of the firm. Please verify New York's Downside Deviation of 1.32, risk adjusted performance of 0.1036, and Mean Deviation of 1.0 to check out if the risk estimate we provide is consistent with the expected return of 0.14%. New York has a performance score of 7 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.7, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, New York's returns are expected to increase less than the market. However, during the bear market, the loss of holding New York is expected to be smaller as well. New York Community right now secures a risk of 1.37%. Please verify New York Community value at risk, downside variance, and the relationship between the maximum drawdown and potential upside , to decide if New York Community will be following its current price movements.
Auto-correlation | -0.8 |
Almost perfect reverse predictability
New York Community has almost perfect reverse predictability. Overlapping area represents the amount of predictability between New York time series from 30th of November 2023 to 28th of May 2024 and 28th of May 2024 to 24th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of New York Community price movement. The serial correlation of -0.8 indicates that around 80.0% of current New York price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.8 | |
| Spearman Rank Test | -0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 2.98 |
New York Community lagged returns against current returns
Autocorrelation, which is New York preferred stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting New York's preferred stock expected returns. We can calculate the autocorrelation of New York returns to help us make a trade decision. For example, suppose you find that New York has exhibited high autocorrelation historically, and you observe that the preferred stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
New York regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If New York preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if New York preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in New York preferred stock over time.
Current vs Lagged Prices |
| Timeline |
New York Lagged Returns
When evaluating New York's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of New York preferred stock have on its future price. New York autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, New York autocorrelation shows the relationship between New York preferred stock current value and its past values and can show if there is a momentum factor associated with investing in New York Community.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Preferred Stock
New York financial ratios help investors to determine whether New Preferred Stock 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 York security.