New York Correlations
| NYMT Stock | USD 7.03 0.18 2.63% |
The current 90-days correlation between New York Mortgage and Chimera Investment is 0.67 (i.e., Poor diversification). The correlation of New York 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.
New York Correlation With Market
Average diversification
The correlation between New York Mortgage and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding New York Mortgage and DJI in the same portfolio, assuming nothing else is changed.
New |
Moving together with New Stock
Moving against New Stock
| 0.49 | RM | Regional Management Corp | PairCorr |
| 0.32 | LX | Lexinfintech Holdings Upward Rally | PairCorr |
| 0.43 | EMCGR | Embrace Change Acqui | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between New Stock performing well and New York Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze New York's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TWO | 1.00 | 0.33 | 0.31 | (1.90) | 0.81 | 2.25 | 7.92 | |||
| ARR | 0.76 | 0.06 | 0.06 | (0.41) | 0.90 | 1.62 | 4.61 | |||
| NLY | 0.89 | 0.22 | 0.22 | 0.34 | 0.77 | 2.30 | 5.26 | |||
| AGNC | 0.74 | 0.18 | 0.20 | 0.52 | 0.68 | 1.74 | 4.40 | |||
| CIM | 1.16 | (0.04) | 0.00 | (0.07) | 0.00 | 2.64 | 10.76 | |||
| ORC | 0.80 | 0.23 | 0.27 | (1.16) | 0.57 | 1.93 | 6.76 | |||
| IVR | 1.12 | 0.20 | 0.14 | 0.39 | 1.29 | 2.32 | 8.74 | |||
| RC | 1.32 | (0.02) | 0.00 | (0.09) | 0.00 | 2.34 | 7.14 | |||
| EFC | 0.62 | 0.17 | 0.19 | (2.53) | 0.59 | 1.45 | 3.58 |
New York Corporate Executives
Elected by the shareholders, the New York's board of directors comprises two types of representatives: New York inside directors who are chosen from within the company, and outside directors, selected externally and held independent of New. The board's role is to monitor New York's management team and ensure that shareholders' interests are well served. New York's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, New York's outside directors are responsible for providing unbiased perspectives on the board's policies.