New York Correlations

Summary

NYCBDelisted Stock

USD 10.55 0.27 2.50%

The current 90-days correlation between New York Community and KeyCorp is 0.03 (i.e., Significant diversification). 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

New York Correlation With Market

Good diversification

The correlation between New York Community and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding New York Community and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with New Stock

0.63	FMCB	Farmers Merchants Bancorp	Pair Corr
0.67	T	ATT Inc Sell-off Trend	Pair Corr

Moving against New Stock

0.67	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.6	NFPDF	Nissin Foods Holdings	Pair Corr
0.43	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr
0.31	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr

Related Correlations Analysis

	KEY	FITB	RF	ZION	HBAN	CMA	WAL	USB	MTB	PACW
KEY		0.92	0.94	0.93	0.95	0.89	0.81	0.88	0.88	0.08	KEY
FITB	0.92		0.97	0.87	0.96	0.94	0.9	0.95	0.94	0.02	FITB
RF	0.94	0.97		0.89	0.97	0.92	0.86	0.95	0.93	-0.06	RF
ZION	0.93	0.87	0.89		0.94	0.87	0.66	0.9	0.9	0.18	ZION
HBAN	0.95	0.96	0.97	0.94		0.93	0.81	0.94	0.95	0.06	HBAN
CMA	0.89	0.94	0.92	0.87	0.93		0.83	0.89	0.96	0.22	CMA
WAL	0.81	0.9	0.86	0.66	0.81	0.83		0.76	0.77	-0.03	WAL
USB	0.88	0.95	0.95	0.9	0.94	0.89	0.76		0.94	-0.04	USB
MTB	0.88	0.94	0.93	0.9	0.95	0.96	0.77	0.94		0.17	MTB
PACW	0.08	0.02	-0.06	0.18	0.06	0.22	-0.03	-0.04	0.17		PACW
	KEY	FITB	RF	ZION	HBAN	CMA	WAL	USB	MTB	PACW

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

RF	+ 0.97	FITB
HBAN	+ 0.97	RF
HBAN	+ 0.96	FITB
MTB	+ 0.96	CMA
HBAN	+ 0.95	KEY
USB	+ 0.95	FITB

High negative correlations

PACW	- 0.06	RF
PACW	- 0.04	USB
PACW	- 0.03	WAL

Risk-Adjusted Indicators

There is a big difference between New Stock performing well and New York Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze New York's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
KEY	1.66	0.07	0.19	0.19	1.27	(2.11)	3.95	(2.54)	19.76
FITB	1.12	0.01	0.08	0.17	1.06	(1.19)	2.39	(2.01)	10.60
RF	1.19	0.07	0.16	0.21	0.90	(1.47)	2.82	(1.66)	14.81
ZION	1.73	0.01	0.14	0.17	1.55	(1.91)	3.62	(2.89)	20.65
HBAN	1.29	0.08	0.21	0.21	0.83	(1.66)	2.87	(2.28)	13.54
CMA	1.49	0.18	0.18	0.26	1.37	(1.69)	3.53	(2.64)	14.10
WAL	1.97	(0.05)	0.09	0.15	2.15	(2.33)	4.20	(3.17)	19.54
USB	1.33	0.03	0.11	0.18	1.14	(1.60)	2.86	(2.31)	10.98
MTB	1.37	0.12	0.21	0.23	0.88	(1.64)	3.41	(1.59)	16.03
PACW	7.45	0.36	0.05	0.29	11.32	(8.27)	17.58	(14.58)	104.70

Delisting Warning - NYCB

New York Community was delisted

The entity New York Community with a symbol NYCB was delisted from New York Stock Exchange. Please try Flagstar Financial, with a symbol FLG from now on. Check all delisted instruments accross multiple markets.

Still Interested in New York Community?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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