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.
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 2.98American 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.
Odds of Distress
American Funds Returns Distribution Density
|Mean Return||0.15||Value At Risk||2.92|
|Potential Upside||2.35||Standard Deviation||1.58|
American Funds Greeks
|Alpha over DOW||=||0.17|
|Beta against DOW||=||0.05|
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
|Fundamentals||American Funds||Peer Average|
|Price to Earning||22.08X||7.60X|
|Price to Book||2.61X||1.04X|
|Price to Sales||1.34X||1.03X|
|One Year Return||(0.48)%||2.30%|
|Three Year Return||21.24%||3.97%|
|Five Year Return||1.01%||1.27%|
|Ten Year Return||5.00%||1.17%|
|Minimum Initial Investment||250||8.09M|
|Cash Position Weight||9.72%||14.48%|
|Equity Positions Weight||88.06%||40.68%|
|Bond Positions Weight||0.36%||14.72%|
|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.