American Funds Buy Hold or Sell Recommendation

RNGAX -- USA Fund  

USD 45.18  0.31  0.68%

Assuming 30 trading days horizon, and your above average risk tolerance our recommendation regarding American Funds New Economy R1 is 'Strong Hold'. Macroaxis provides American Funds buy hold or sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding RNGAX positions. The advice algorithm takes into account all of American Funds New available fundamental, technical, and predictive indicators you will find on this site. The advice is provided from RNGAX buy-and-hold prospective. Additionally take a look at American Funds Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for muliple equity instruments please use Instant Ratings tool.

Time Horizon

Risk Tolerance

Symbol
Execute Advice
Sell American FundsBuy American Funds
Strong Hold

Volatility

Hype Condition

Current Valuation

Odds of Distress

Economic Sensitivity

Analyst Consensus

Not Available
For the selected time horizon American Funds New Economy R1 has a risk adjusted performance of 0.0248, jensen alpha of 0.12, total risk alpha of 0.24, sortino ratio of 0.17 and treynor ratio of 0.0275
American Funds buy, hold, or sell suggestion module can be used to check and cross-verify current buy, hold, or sell recommendation provided by analysts analyzing the fund potential to grow using all of fundamental, technical, data market data available at the time. Use American Funds New Number of Employees, Ten Year Return as well as the relationship between Ten Year Return and Bond Positions Weight to make sure your buy or sell decision on American Funds New is adequate.

American Funds Returns Distribution Density

Mean Return0.033582Value At Risk1.26
Potential Upside1.08Standard Deviation0.72
 Return Density 
      Distribution 

American Funds Greeks

α
Alpha over DOW
=0.12
β
Beta against DOW=0.86
σ
Overall volatility
=0.73
Ir
Information ratio =0.2

American Funds Volatility Alert

American Funds New Economy R1 has low volatility with Treynor Ratio of 0.03, Maximum Drawdown of 3.2 and kurtosis of 1.15. However, we advice all investors to further analyze American Funds New Economy R1 to make certain all market information is desiminated and is consistent with the current expectations about American Funds upside potential.
    
 Better Than Average     
    
 Worse Than Average Compare American Funds to competition

American Funds Fundamental Vs Peers

FundamentalsAmerican FundsPeer Average
Price to Earning22.08 times7.60 times
Price to Book2.61 times1.04 times
Price to Sales1.34 times1.03 times
One Year Return(0.92) % 2.30 %
Three Year Return20.70 % 3.97 %
Five Year Return0.56 % 1.27 %
Ten Year Return4.54 % 1.17 %
Net Asset21.08 B1.37 B
Minimum Initial Investment2508.09 M
Cash Position Weight11.83 % 14.48 %
Equity Positions Weight87.80 % 40.68 %
Bond Positions Weight0.37 % 14.72 %

American Funds Alerts

Trading Alerts and Improvement Suggestions

Latest headline from www.nasdaq.com: EOS Bullish As It Builds A Voting System To Allocated Saving Funds
The fund maintains about 11.83% of its assets in cash
Additionally take a look at American Funds Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for muliple equity instruments please use Instant Ratings tool. Please also try Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
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