New America High Etf Performance
| HYB Etf | USD 7.04 0.01 0.14% |
The etf secures a Beta (Market Risk) of 0.43, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, New America's returns are expected to increase less than the market. However, during the bear market, the loss of holding New America is expected to be smaller as well.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in New America High are ranked lower than 2 (%) of all global equities and portfolios over the last 90 days. Despite somewhat strong basic indicators, New America is not utilizing all of its potentials. The recent stock price disturbance, may contribute to short-term losses for the investors. ...more
1 | The New America High Income Fund Inc. Short Interest Up 27.2 percent in January | 01/30/2024 |
2 | 1607 Capital Partners LLC Makes New 730,000 Investment in The New America High Income Fund Inc. | 03/04/2024 |
3 | Acquisition by Marguerite Piret of tradable shares of New America at 7.79 subject to Rule 16b-3 | 03/08/2024 |
4 | The New America High Income Fund Inc. Shares Sold by Almitas Capital LLC | 03/11/2024 |
5 | Acquisition by Bank Of America Corp de of 2000 shares of New America at 10.09 subject to Rule 16b-3 | 03/22/2024 |
6 | Acquisition by Marguerite Piret of tradable shares of New America at 82.84 subject to Rule 16b-3 | 03/25/2024 |
7 | HYB Attractive Valuation And Providing Monthly Income - Seeking Alpha | 03/26/2024 |
8 | Acquisition by Bernard Korman of 50000 shares of New America at 9.3689 subject to Rule 16b-3 | 04/10/2024 |
9 | Disposition of 115 shares by Bank Of America Corp de of New America at 10.02 subject to Rule 16b-3 | 04/12/2024 |
| Expense Ratio | 0.9600 |
New |
New America Relative Risk vs. Return Landscape
If you would invest 698.00 in New America High on January 20, 2024 and sell it today you would earn a total of 6.00 from holding New America High or generate 0.86% return on investment over 90 days. New America High is generating 0.0146% of daily returns assuming volatility of 0.4432% on return distribution over 90 days investment horizon. In other words, 3% of etfs are less volatile than New, and above 99% of all equities are expected to generate higher returns over the next 90 days. Expected Return |
| Risk |
New America Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for New America's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as New America High, and traders can use it to determine the average amount a New America'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 = 0.0328
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | HYB |
Estimated Market Risk
| 0.44 actual daily | 3 97% of assets are more volatile |
Expected Return
| 0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average New America is performing at about 2% of its full potential. 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 America by adding it to a well-diversified portfolio.
New America Fundamentals Growth
New Etf prices reflect investors' perceptions of the future prospects and financial health of New America, and New America 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.
| Return On Equity | -19.63 | ||||
| Return On Asset | 3.28 | ||||
| Profit Margin | (225.08) % | ||||
| Operating Margin | 85.27 % | ||||
| Current Valuation | 241.3 M | ||||
| Shares Outstanding | 23.37 M | ||||
| Price To Earning | 16.35 X | ||||
| Price To Book | 0.72 X | ||||
| Price To Sales | 9.15 X | ||||
| Revenue | 17.95 M | ||||
| Cash And Equivalents | 16 K | ||||
| Total Debt | 84 M | ||||
| Debt To Equity | 0.47 % | ||||
| Book Value Per Share | 9.79 X | ||||
| Cash Flow From Operations | 11.81 M | ||||
| Earnings Per Share | 0.43 X | ||||
| Total Asset | 222.25 M | ||||
| Retained Earnings | (233.73 M) | ||||
About New America Performance
To evaluate New America High Etf 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 America 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 Etf'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 America High 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 New America High Income Fund Inc. is a closed-ended fixed income mutual fund launched and managed by T. New America is listed under Asset Management in the United States and is traded on New York Stock Exchange exchange.| The company has 84 M in debt with debt to equity (D/E) ratio of 0.47, which is OK given its current industry classification. New America High has a current ratio of 0.07, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist New America until it has trouble settling it off, either with new capital or with free cash flow. So, New America's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like New America High sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for New to invest in growth at high rates of return. When we think about New America's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the last year's revenue of 17.95 M. Reported Net Loss for the year was (40.41 M) with profit before taxes, overhead, and interest of 18.43 M. | |
| Latest headline from MacroaxisInsider: Disposition of 115 shares by Bank Of America Corp de of New America at 10.02 subject to Rule 16b-3 |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in New America High. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
The market value of New America High 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 America's value that differs from its market value or its book value, called intrinsic value, which is New America'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 America's market value can be influenced by many factors that don't directly affect New America'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 America's value and its price as these two are different measures arrived at by different means. Investors typically determine if New America is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, New America'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.