American Funds Buy Hold or Sell Recommendation

RNGBX -- USA Fund  

USD 46.24  0.06  0.13%

Assuming 30 trading days horizon, and your above average risk tolerance our recommendation regarding American Funds New Economy R2 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 RNGBX 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 RNGBX buy-and-hold prospective. Additionally take a look at American Funds Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with current analyst consensus.

Time Horizon

Risk Tolerance

Execute Advice
Sell American FundsBuy American Funds
Strong Hold


Hype Condition

Current Valuation

Odds of Distress

Economic Sensitivity

Analyst Consensus

Currently Unavailable
For the selected time horizon American Funds New Economy R2 has a risk adjusted performance of 0.0084, jensen alpha of 0.022204, total risk alpha of 0.20, sortino ratio of 0.07 and treynor ratio of 0.017155
Macroaxis buy, hold, or sell recommendation tool can be used to complement American Funds buy or sell advice provided by experts. It analyzes the fund potential to grow against your specific risk preferences and investment horizon. 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.

Returns Distribution Density

Mean Return0.006633Value At Risk0.84
Potential Upside1.23Standard Deviation0.98
 Return Density 

American Funds Greeks

Alpha over DOW
Beta against DOW=0.20
Overall volatility
Information ratio =0.1

American Funds Volatility Alert

American Funds New Economy R2 has relatively low volatility with skewness of -1.64 and kurtosis of 6.37. However, we advise all investors to independently investigate American Funds New Economy R2 to ensure market all accessible information is consistent with the expectations about its upside potential and future risk-adjusted return.
 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(0.99) % 2.30 %
Three Year Return20.63 % 3.97 %
Five Year Return0.50 % 1.27 %
Ten Year Return4.53 % 1.17 %
Net Asset21.08 B1.37 B
Minimum Initial Investment2508.09 M
Cash Position Weight7.32 % 14.48 %
Equity Positions Weight92.27 % 40.68 %
Bond Positions Weight0.41 % 14.72 %

American Funds Alerts

Trading Alerts and Improvement Suggestions
American Funds New generates negative expected return over the last 30 days
The fund maintains about 7.32% of its assets in cash
Additionally take a look at American Funds Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with current analyst consensus. Please also try World Markets Correlation module to find global opportunities by holding instruments from different markets.