New York Correlations
| NYMTN Preferred Stock | USD 22.45 0.14 0.62% |
The current 90-days correlation between New York Mortgage and TPG RE Finance is -0.19 (i.e., Good 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 0.23 (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.
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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
| 0.76 | DX | Dynex Capital | PairCorr |
| 0.61 | MITT | AG Mortgage Investment | PairCorr |
| 0.65 | MITT-PA | AG Mortgage Investment | PairCorr |
| 0.72 | MITT-PB | AG Mortgage Investment | PairCorr |
| 0.7 | MITT-PC | AG Mortgage Investment | PairCorr |
| 0.78 | RITM-PC | Rithm Capital Corp | PairCorr |
| 0.7 | RITM-PD | Rithm Capital Corp | PairCorr |
| 0.72 | RITM-PB | Rithm Capital Corp | PairCorr |
| 0.62 | NYMT | New York Mortgage | PairCorr |
| 0.78 | FBRT | Franklin BSP Realty | PairCorr |
| 0.66 | ACR | Acres Commercial Realty | PairCorr |
| 0.74 | ARI | Apollo Commercial Real | PairCorr |
| 0.72 | ARR | ARMOUR Residential REIT | PairCorr |
| 0.71 | EFC | Ellington Financial | PairCorr |
| 0.8 | IVR | Invesco Mortgage Capital | PairCorr |
| 0.67 | LFT | Lument Finance Trust | PairCorr |
| 0.66 | MFA | MFA Financial | PairCorr |
| 0.77 | NLY | Annaly Capital Management | PairCorr |
| 0.78 | ORC | Orchid Island Capital | PairCorr |
| 0.67 | CHMI-PB | Cherry Hill Mortgage | PairCorr |
| 0.71 | PMT | PennyMac Mortgage | PairCorr |
| 0.64 | TWO-PB | Two Harbors Investment | PairCorr |
| 0.72 | RPT | Rithm Property Trust Symbol Change | PairCorr |
Moving against New Preferred Stock
| 0.43 | ABR | Arbor Realty Trust | PairCorr |
| 0.42 | RC | Ready Capital Corp | PairCorr |
| 0.55 | LFT-PA | Lument Finance Trust | PairCorr |
| 0.43 | ACR-PD | ACRES Commercial Realty | 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
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NREF-PA | 0.55 | 0.03 | 0.12 | (1.69) | 0.71 | 1.37 | 3.61 | |||
| TRTX-PC | 0.59 | 0.01 | 0.10 | 0.07 | 0.71 | 1.45 | 4.15 | |||
| NYMTL | 0.59 | (0.05) | 0.00 | (0.28) | 0.00 | 1.59 | 3.79 | |||
| NYMTZ | 0.63 | (0.04) | 0.00 | (0.24) | 0.00 | 1.08 | 4.22 | |||
| TWO-PB | 0.63 | 0.04 | 0.11 | 0.30 | 0.78 | 1.34 | 5.02 | |||
| TWO-PC | 0.21 | 0.03 | 0.35 | 0.24 | 0.16 | 0.56 | 1.55 | |||
| CIM-PA | 0.53 | (0.02) | 0.00 | (0.43) | 0.00 | 1.04 | 4.61 | |||
| MFA-PB | 0.61 | 0.05 | 0.12 | 0.13 | 0.74 | 1.13 | 4.21 |
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?
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New York Corporate Management
| Steven CPA | Ex Chairman | Profile | |
| Steven Brannan | Managing Director | Profile | |
| Stephen Hogue | Managing Director | Profile | |
| CPA Eng | CFO Officer | Profile | |
| Nicholas Mah | Managing Director | Profile |