American Funds Buy Hold or Sell Recommendation

RNGCX -- USA Fund  

USD 41.77  1.56  3.60%

Assuming 30 trading days horizon, and your above average risk tolerance our recommendation regarding American Funds New Economy R3 is '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 RNGCX 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 RNGCX 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
Hold

Volatility

Hype Condition

Current Valuation

Odds of Distress

Analyst Consensus

Not Available
For the selected time horizon American Funds New Economy R3 has a risk adjusted performance of (0.12), jensen alpha of (0.17), total risk alpha of (0.11), sortino ratio of 0.0 and treynor ratio of 2.98
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 Return0.15Value At Risk2.92
Potential Upside2.35Standard Deviation1.58
 Return Density 
      Distribution 

American Funds Greeks

α
Alpha over DOW
=0.17
β
Beta against DOW=0.05
σ
Overall volatility
=1.53
Ir
Information ratio =0.08

American Funds Volatility Alert

American Funds New Economy R3 exhibits very low volatility with skewness of -0.33 and kurtosis of -0.28. However, we advise investors to further study American Funds New Economy R3 technical indicators to make sure all market info is available and is reliable.
    
 Better Than Average     
    
 Worse Than Average Compare American Funds to competition

American Funds Fundamental Vs Peers

FundamentalsAmerican FundsPeer Average
Price to Earning22.08X7.60X
Price to Book2.61X1.04X
Price to Sales1.34X1.03X
One Year Return(0.48)% 2.30%
Three Year Return21.24% 3.97%
Five Year Return1.01% 1.27%
Ten Year Return5.00% 1.17%
Net Asset19.91B1.37B
Minimum Initial Investment2508.09M
Cash Position Weight9.72% 14.48%
Equity Positions Weight88.06% 40.68%
Bond Positions Weight0.36% 14.72%

American Funds Alerts

Trading Alerts and Improvement Suggestions

American Funds New generates negative expected return over the last 30 days
Latest headline from www.lasvegasnow.com: Giving Tuesday encourages donating funds, time this holiday season - KLAS-TV
The fund maintains about 9.72% 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 Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
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