American Funds Buy Hold or Sell Recommendation

RNGHX -- USA Fund  

USD 49.08  0.39  0.80%

Assuming 30 trading days horizon, and your above average risk tolerance our recommendation regarding American Funds New Economy R5E 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 RNGHX 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 RNGHX 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 R5E has a risk adjusted performance of 0.0411, jensen alpha of 0.031749, total risk alpha of 0.11, sortino ratio of 0.037443 and treynor ratio of 0.0596
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. Please makes use of American Funds Minimum Initial Investment to make buy, hold, or sell decision on American Funds New.

American Funds Returns Distribution Density

Mean Return0.07Value At Risk1.34
Potential Upside1.08Standard Deviation0.73
 Return Density 
      Distribution 

American Funds Greeks

α
Alpha over DOW
=0.03
β
Beta against DOW=0.97
σ
Overall volatility
=0.72
Ir
Information ratio =0.05

American Funds Volatility Alert

American Funds New Economy R5E has low volatility with Treynor Ratio of 0.06, Maximum Drawdown of 2.53 and kurtosis of -0.16. However, we advice all investors to further analyze American Funds New Economy R5E 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
Net Asset21.27 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.thestreetpoint.com: Exercise or conversion by James Klein of 1465 shares of Qorvo subject to Rule 16b-3
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 Idea Breakdown module to analyze constituents of all macroaxis ideas. macroaxis investment ideas are predefined, sector-focused investing themes.
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