New York One Year Return vs. Beta

NYC Etf  USD 8.45  0.04  0.48%   
Taking into consideration New York's profitability measurements, New York City may not be well positioned to generate adequate gross income at this time. It has a very high probability of underperforming in January. Profitability indicators assess New York's ability to earn profits and add value for shareholders.
For New York profitability analysis, we use financial ratios and fundamental drivers that measure the ability of New York to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well New York City utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between New York's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of New York City over time as well as its relative position and ranking within its peers.
  
Check out Correlation Analysis.
The market value of New York City 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 York's value that differs from its market value or its book value, called intrinsic value, which is New York'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 York's market value can be influenced by many factors that don't directly affect New York'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 York's value and its price as these two are different measures arrived at by different means. Investors typically determine if New York is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, New York'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 York City Beta vs. One Year Return Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining New York's current stock value. Our valuation model uses many indicators to compare New York value to that of its competitors to determine the firm's financial worth.
New York City is rated below average in one year return as compared to similar ETFs. It is rated below average in beta as compared to similar ETFs . 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 York's earnings, one of the primary drivers of an investment's value.

New Beta vs. One Year Return

One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.

New York

One Year Return

 = 

(Mean of Monthly Returns - 1)

X

100%

 = 
(1.54) %
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.

New York

Beta

 = 

Covariance

Variance

 = 
0.14
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.

New Beta Comparison

New York is currently under evaluation in beta as compared to similar ETFs.

Beta Analysis

As returns on the market increase, New York's returns are expected to increase less than the market. However, during the bear market, the loss of holding New York is expected to be smaller as well.

New York Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in New York, profitability is also one of the essential criteria for including it into their portfolios because, without profit, New York will eventually generate negative long term returns. The profitability progress is the general direction of New York's change in net profit over the period of time. It can combine multiple indicators of New York, 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.
is a publicly traded real estate investment trust listed on the NYSE that owns a portfolio of high-quality commercial real estate located within the five boroughs of New York City. New York is listed under REITOffice in the United States and is traded on New York Stock Exchange exchange.

New Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on New York. 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 York 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 York's important profitability drivers and their relationship over time.

Use New York 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 York 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 York will appreciate offsetting losses from the drop in the long position's value.

New York Pair Trading

New York City Pair Trading Analysis

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 City to buy it.
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 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 City 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 York 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.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your New York position

In addition to having New York 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?

Run Business Supplies Thematic Idea Now

Business Supplies
Business Supplies Theme
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Business Supplies theme has 24 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Business Supplies Theme or any other thematic opportunities.
View All  Next Launch

Other Information on Investing in New Etf

To fully project New York's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of New York City 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 York's income statement, its balance sheet, and the statement of cash flows.
Potential New York investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although New York investors may work on each financial statement separately, they are all related. The changes in New York's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on New York's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.