New York Municipal Fund Quote
| ANIYX Fund | USD 13.31 0.03 0.22% |
Performance4 of 100
| Odds Of DistressLess than 22
|
New York is trading at 13.31 as of the 26th of May 2024; that is -0.22 percent decrease since the beginning of the trading day. The fund's open price was 13.34. New York has about a 22 % chance of experiencing some form of financial distress in the next two years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for New York Municipal are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 6th of June 2022 and ending today, the 26th of May 2024. Click here to learn more.
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. More on New York Municipal
Moving together with New Mutual Fund
| 0.94 | GCEAX | Ab Global E | PairCorr |
| 0.94 | GCECX | Ab Global E | PairCorr |
| 0.94 | GCEYX | Ab Global E | PairCorr |
| 0.78 | AMNCX | Ab Minnesota Portfolio | PairCorr |
New Mutual Fund Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. New York's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding New York or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Fund Concentration | AllianceBernstein Funds, Large Funds, Muni Single State Short Funds, Muni Single State Short, AllianceBernstein (View all Sectors) |
| Update Date | 31st of March 2024 |
New York Municipal [ANIYX] is traded in USA and was established 26th of May 2024. New York is listed under AllianceBernstein category by Fama And French industry classification. The fund is listed under Muni Single State Short category and is part of AllianceBernstein family. This fund presently has accumulated 1.82 B in assets under management (AUM) with no minimum investment requirementsNew York Municipal is currently producing year-to-date (YTD) return of 0.14% with the current yeild of 0.0%, while the total return for the last 3 years was 0.02%.
Check New York Probability Of Bankruptcy
Instrument Allocation
New York Municipal Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. New York market risk premium is the additional return an investor will receive from holding New York long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in New York. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although New York's alpha and beta are two of the key measurements used to evaluate New York's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.1092 | |||
| Semi Deviation | 0.0804 | |||
| Standard Deviation | 0.157 | |||
| Variance | 0.0246 |
New York Against Markets
Picking the right benchmark for New York mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in New York mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for New York is critical whether you are bullish or bearish towards New York Municipal at a given time. Please also check how New York's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in New York without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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How to buy New Mutual Fund?
Before investing in New York, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in New York. To buy New York fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of New York. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase New York fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located New York Municipal fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased New York Municipal fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as New York Municipal, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in New York Municipal?
The danger of trading New York Municipal is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of New York is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than New York. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile New York Municipal is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
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 manufacturing. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.