New America Debt To Equity vs. Price To Earning
| HYB Etf | USD 8.30 0.01 0.12% |
For New America profitability analysis, we use financial ratios and fundamental drivers that measure the ability of New America to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well New America High utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between New America's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of New America High over time as well as its relative position and ranking within its peers.
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The market value of New America High is measured differently than its book value, which is the value of New that is recorded on the company's balance sheet. Investors also form their own opinion of New America's value that differs from its market value or its book value, called intrinsic value, which is New America'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 New America's market value can be influenced by many factors that don't directly affect New America'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 New America's value and its price as these two are different measures arrived at by different means. Investors typically determine if New America is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, New America'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.
New America High Price To Earning vs. Debt To Equity Fundamental Analysis
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. New America High is rated # 2 ETF in debt to equity as compared to similar ETFs. It is rated # 4 ETF in price to earning as compared to similar ETFs reporting about 34.64 of Price To Earning per Debt To Equity. 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 Earning vs. Debt To Equity
Debt to Equity is calculated by dividing the Total Debt of a company by its Equity. If the debt exceeds equity of a company, then the creditors have more stakes in a firm than the stockholders. In other words, Debt to Equity ratio provides analysts with insights about composition of both equity and debt, and its influence on the valuation of the company.
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| = | 0.47 % |
High Debt to Equity ratio typically indicates that a firm has been borrowing aggressively to finance its growth and as a result may experience a burden of additional interest expense. This may reduce earnings or future growth. On the other hand a small D/E ratio may indicate that a company is not taking enough advantage from financial leverage. Debt to Equity ratio measures how the company is leveraging borrowing against the capital invested by the owners.
Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
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| = | 16.35 X |
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
New Price To Earning Comparison
New America is currently under evaluation in price to earning as compared to similar ETFs.
New America Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in New America, profitability is also one of the essential criteria for including it into their portfolios because, without profit, New America will eventually generate negative long term returns. The profitability progress is the general direction of New America's change in net profit over the period of time. It can combine multiple indicators of New America, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
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 Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on New America. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of New America position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the New America's important profitability drivers and their relationship over time.
Use New America in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if New America position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in New America will appreciate offsetting losses from the drop in the long position's value.New America Pair Trading
New America High Pair Trading Analysis
The ability to find closely correlated positions to New America could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace New America when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back New America - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling New America High to buy it.
The correlation of New America is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as New America moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if New America High moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for New America can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your New America position
In addition to having New America in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Other Information on Investing in New Etf
To fully project New America's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of New America High at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include New America's income statement, its balance sheet, and the statement of cash flows.