New York Municipal Fund Manager Performance Evaluation
ANMCX Fund | USD 13.34 0.01 0.07% |
The fund secures a Beta (Market Risk) of -0.0053, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning New York are expected to decrease at a much lower rate. During the bear market, New York is likely to outperform the market.
Risk-Adjusted Performance
0 of 100
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Very Weak
Over the last 90 days New York Municipal has generated negative risk-adjusted returns adding no value to fund investors. In spite of fairly strong fundamental indicators, New York is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
...moreExpense Ratio Date | 27th of January 2023 | |
Expense Ratio | 1.5100 |
New |
New York Relative Risk vs. Return Landscape
If you would invest 1,336 in New York Municipal on January 26, 2024 and sell it today you would lose (2.00) from holding New York Municipal or give up 0.15% of portfolio value over 90 days. New York Municipal is currently producing negative expected returns and takes up 0.1138% volatility of returns over 90 trading days. Put another way, 1% of traded mutual funds are less volatile than New, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
Risk |
New York Current Valuation
Fairly Valued
Today
Please note that New York's price fluctuation is very steady at this time. At this time, the fund appears to be fairly valued. New York Municipal secures a last-minute Real Value of $13.35 per share. The latest price of the fund is $13.34. We determine the value of New York Municipal from analyzing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we recommend acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will merge together.
Our valuation method for New York Municipal is useful when determining the fair value of the New mutual fund, which is usually determined by what a typical buyer is willing to pay for full or partial control of New York. Since New York is currently traded on the exchange, buyers and sellers on that exchange determine the market value of New Mutual Fund. However, New York's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. Historical | Market 13.34 | Real 13.35 | Hype 13.34 | Naive 13.38 |
The real value of New Mutual Fund, also known as its intrinsic value, is the underlying worth of New York Municipal Mutual Fund, which is reflected in its stock price. It is based on New York's financial performance, assets, liabilities, growth prospects, management team, or industry conditions. The intrinsic value of New York's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence New York's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of New York Municipal helps investors to forecast how New mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of New York more accurately as focusing exclusively on New York's fundamentals will not take into account other important factors: 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 mutual funds, such as New York Municipal, 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 = -0.0207
Best Portfolio | Best Equity | |||
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Negative Returns | ANMCX |
Estimated Market Risk
0.11 actual daily | 0 100% of assets are more volatile |
Expected Return
0.0 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.02 actual daily | 0 Most of other assets perform better |
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 Mutual Fund 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 Mutual Fund performance.
Total Asset | 4.19 M | |||
About New York Performance
To evaluate New York Municipal Mutual Fund as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when New York generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare New Mutual Fund's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand New York Municipal market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents New's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.The fund invests at least 80 percent of its net assets in a portfolio of municipal securities issued by the State of New York or its political subdivisions, or otherwise exempt from New York state income tax. It invests at least 80 percent of its total assets in municipal securities rated A or better by NRSROs , to be of comparable quality and comparably rated municipal notes. The fund is non-diversified.Things to note about New York Municipal performance evaluation
Checking the ongoing alerts about New York for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for New York Municipal help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.New York Municipal generated a negative expected return over the last 90 days | |
The fund generated three year return of -1.0% | |
New York Municipal holds most of the assets under management (AUM) in different types of exotic instruments. |
- Analyzing New York's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether New York's stock is overvalued or undervalued compared to its peers.
- Examining New York's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating New York's management team can have a significant impact on its success or failure. Reviewing the track record and experience of New York's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of New York's mutual fund. These opinions can provide insight into New York's potential for growth and whether the stock is currently undervalued or overvalued.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in New York Municipal. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. Note that the New York Municipal information on this page should be used as a complementary analysis to other New York's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.