New York Correlations

NYMTL Preferred Stock

USD 21.65 0.15 0.70%

The current 90-days correlation between New York Mortgage and New York Mortgage is 0.1 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as New York moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if New York Mortgage moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

New York Correlation With Market

Modest diversification

The correlation between New York Mortgage and DJI is 0.26 (i.e., Modest 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.

The ability to find closely correlated positions to New York 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 York 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 York - 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 York Mortgage to buy it.

Moving together with New Preferred Stock

0.62	RC	Ready Capital Corp	Pair Corr
0.67	EARN	Ellington Residential Potential Growth	Pair Corr

Moving against New Preferred Stock

0.69	ACR	Acres Commercial Realty	Pair Corr
0.64	RITM-PB	Rithm Capital Corp	Pair Corr
0.63	RITM-PA	Rithm Capital Corp	Pair Corr
0.6	RITM-PD	Rithm Capital Corp	Pair Corr
0.59	RITM-PC	Rithm Capital Corp	Pair Corr
0.57	DX	Dynex Capital	Pair Corr
0.53	ARR-PC	ARMOUR Residential REIT	Pair Corr
0.52	MITT-PC	AG Mortgage Investment	Pair Corr
0.51	ARI	Apollo Commercial Real	Pair Corr
0.47	MITT	AG Mortgage Investment	Pair Corr
0.44	FBRT	Franklin BSP Realty Potential Growth	Pair Corr
0.42	MITT-PA	AG Mortgage Investment	Pair Corr
0.38	NYMT	New York Mortgage	Pair Corr
0.64	ACR-PC	ACRES Commercial Realty	Pair Corr
0.63	AGNCP	AGNC Investment Corp	Pair Corr
0.6	AGNCO	AGNC Investment Corp	Pair Corr
0.54	NLY	Annaly Capital Management	Pair Corr
0.54	PMT	PennyMac Mortgage	Pair Corr
0.53	TWO	Two Harbors Investments	Pair Corr
0.52	EFC	Ellington Financial	Pair Corr
0.52	LFT	Lument Finance Trust	Pair Corr
0.5	TWO-PC	Two Harbors Investment	Pair Corr
0.5	TWO-PB	Two Harbors Investment	Pair Corr
0.48	MFA	MFA Financial	Pair Corr
0.47	MFA-PC	MFA Financial	Pair Corr
0.4	ORC	Orchid Island Capital	Pair Corr
0.38	TWO-PA	Two Harbors Investment	Pair Corr
0.37	IVR	Invesco Mortgage Capital	Pair Corr
0.36	CHMI-PB	Cherry Hill Mortgage	Pair Corr

Related Correlations Analysis

	NYMTZ	NYMTN	NYMTM	AGNCO	MFA-PC
NYMTZ		0.2	0.58	0.0	0.24	NYMTZ
NYMTN	0.2		0.54	0.7	0.69	NYMTN
NYMTM	0.58	0.54		0.3	0.45	NYMTM
AGNCO	0.0	0.7	0.3		0.82	AGNCO
MFA-PC	0.24	0.69	0.45	0.82		MFA-PC
	NYMTZ	NYMTN	NYMTM	AGNCO	MFA-PC

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

MFA-PC	+ 0.82	AGNCO
AGNCO	+ 0.7	NYMTN
MFA-PC	+ 0.69	NYMTN
NYMTM	+ 0.58	NYMTZ
NYMTM	+ 0.54	NYMTN
MFA-PC	+ 0.45	NYMTM

High negative correlations

AGNCO

- 0.0

NYMTZ

Risk-Adjusted Indicators

There is a big difference between New Preferred 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
NYMTZ	0.63	(0.04)	0.00	(0.24)	0.00	0.00	1.08	(1.38)	4.22
NYMTN	0.69	0.03	0.08	0.05	0.93	(0.67)	1.67	(1.32)	5.48
NYMTM	0.28	0.00	0.18	(0.03)	0.31	(0.33)	0.64	(0.59)	2.29
AGNCO	0.22	0.05	0.39	(37.38)	0.00	(0.26)	0.47	(0.43)	2.46
MFA-PC	0.38	0.05	0.22	0.14	0.38	(0.45)	0.88	(0.75)	2.38

Be your own money manager

Our tools can tell you how much better you can do entering a position in New York without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Stocks Directory Now

Stocks Directory

Find actively traded stocks across global markets

All Next

Launch Module

New York Corporate Management

Steven CPA	Ex Chairman	Profile
Jason Serrano	CEO Pres	Profile
Nathan Reese	COO Sec	Profile
Steven Brannan	Managing Director	Profile
Stephen Hogue	Managing Director	Profile
CPA Eng	CFO Officer	Profile
Nicholas Mah	Managing Director	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC