New York Life Etf Performance
The etf secures a Beta (Market Risk) of 0.0, which conveys not very significant fluctuations relative to the market. the returns on MARKET and New York are completely uncorrelated.
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Over the last 90 days New York Life has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of very healthy forward indicators, New York is not utilizing all of its potentials. The recent stock price disarray, may contribute to short-term losses for the investors. ...more
| In Threey Sharp Ratio | 0.11 |
New |
New York Relative Risk vs. Return Landscape
If you would invest (100.00) in New York Life on December 20, 2024 and sell it today you would earn a total of 100.00 from holding New York Life or generate -100.0% return on investment over 90 days. New York Life is currently does not generate positive expected returns and assumes 0.0% risk (volatility on return distribution) over the 90 days horizon. In different words, 0% of etfs are less volatile than New, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
New York Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for New York's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as New York Life, and traders can use it to determine the average amount a New York's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Based on monthly moving average New York is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of New York by adding New York to a well-diversified portfolio.
New York Fundamentals Growth
New Etf prices reflect investors' perceptions of the future prospects and financial health of New York, and New York fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on New Etf performance.
| Total Asset | 180.85 M | |||
| New York Life is not yet fully synchronised with the market data | |
| New York Life has some characteristics of a very speculative penny stock | |
| The fund retains 100.04% of its assets under management (AUM) in equities |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Other Tools for New Etf
When running New York's price analysis, check to measure New York's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy New York is operating at the current time. Most of New York's value examination focuses on studying past and present price action to predict the probability of New York's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move New York's price. Additionally, you may evaluate how the addition of New York to your portfolios can decrease your overall portfolio volatility.
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