New York Municipal Fund Manager Performance Evaluation

ANIAX Fund  USD 13.59  0.02  0.15%   
The fund secures a Beta (Market Risk) of -0.0491, 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

5 of 100

 
Weak
 
Strong
Modest
Compared to the overall equity markets, risk-adjusted returns on investments in New York Municipal are ranked lower than 5 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong basic indicators, New York is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
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Expense Ratio Date27th of January 2023
Expense Ratio0.7600
  

New York Relative Risk vs. Return Landscape

If you would invest  1,349  in New York Municipal on September 5, 2024 and sell it today you would earn a total of  10.00  from holding New York Municipal or generate 0.74% return on investment over 90 days. New York Municipal is currently producing 0.0117% returns and takes up 0.1531% 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  
Assuming the 90 days horizon New York is expected to generate 13.51 times less return on investment than the market. But when comparing it to its historical volatility, the company is 4.87 times less risky than the market. It trades about 0.08 of its potential returns per unit of risk. The Dow Jones Industrial is currently generating roughly 0.21 of returns per unit of risk over similar time horizon.

New York Current Valuation

Overvalued
Today
13.59
Please note that New York's price fluctuation is very steady at this time. At this time, the fund appears to be overvalued. New York Municipal secures a last-minute Real Value of $13.29 per share. The latest price of the fund is $13.59. 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.
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  13.59 Real  13.29 Hype  13.59 Naive  13.6
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.
13.29
Real Value
14.95
Upside
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:
Bollinger
Band Projection (param)
LowerMiddle BandUpper
13.4913.5313.57
Details
Hype
Prediction
LowEstimatedHigh
13.4413.5913.74
Details
Naive
Forecast
LowNext ValueHigh
13.4413.6013.75
Details

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 = 0.0761

Best PortfolioBest Equity
Good Returns
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CashSmall RiskAverage RiskHigh RiskHuge Risk
Negative ReturnsANIAX

Estimated Market Risk

 0.15
  actual daily
1
99% of assets are more volatile

Expected Return

 0.01
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 0.08
  actual daily
5
95% of assets perform better
Based on monthly moving average New York is performing at about 5% 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 York by adding it 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.

About New York Performance

Evaluating New York's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if New York has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if New York has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. 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.
The fund holds most of the assets under management (AUM) in different types of exotic instruments.
Evaluating New York's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate New York's mutual fund performance include:
  • 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.
It's essential to remember that evaluating New York's mutual fund performance is not an exact science, and many factors can impact New York's mutual fund market price. Therefore, it's also important to diversify your portfolio and not rely solely on one company or stock for your investments.

Other Information on Investing in New Mutual Fund

New York financial ratios help investors to determine whether New Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in New with respect to the benefits of owning New York security.
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