New Economy Financials
| RNGAX Fund | USD 49.88 0.32 0.64% |
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Please note that past performance is not an indicator of the future performance of New Economy, its manager's success, or the effectiveness of its strategy. The performance results shown here may have been adversely or favorably impacted by events and economic conditions that may not prevail in the future. Therefore, you must use caution to infer that these results indicate any fund, manager, or strategy's future performance. Investment returns and principal value will fluctuate so that investors' shares, when sold, may be worth more or less than their original cost.
New Economy Fund Summary
New Economy competes with New World, American Mutual, American Mutual, American Funds, and American Funds. The fund invests primarily in common stocks that the investment adviser believes have the potential for growth. It invests in securities of companies that can benefit from innovation, exploit new technologies or provide products and services that meet the demands of an evolving global economy. The fund may invest up to 50 percent of its assets outside the United States, including in developing countries.Specialization | World Large-Stock Growth, Large Growth |
| Instrument | USA Mutual Fund View All |
| Exchange | NMFQS Exchange |
| Business Address | THE NEW ECONOMY |
| Mutual Fund Family | American Funds |
| Mutual Fund Category | World Large-Stock Growth |
| Benchmark | NYSE Composite |
| Phone | 800 421 4225 |
| Currency | USD - US Dollar |
New Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining New Economy's current stock value. Our valuation model uses many indicators to compare New Economy value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across New Economy competition to find correlations between indicators driving New Economy's intrinsic value. More Info.New Economy Fund is rated top fund in price to earning among similar funds. It is rated top fund in price to book among similar funds fabricating about 0.12 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for New Economy Fund is roughly 8.46 . Comparative valuation analysis is a catch-all model that can be used if you cannot value New Economy by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for New Economy's Mutual Fund. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the New Economy's earnings, one of the primary drivers of an investment's value.New Economy Fund Systematic Risk
New Economy's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. New Economy volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Beta measures systematic risk based on how returns on New Economy Fund correlated with the market. If Beta is less than 0 New Economy generally moves in the opposite direction as compared to the market. If New Economy Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one New Economy Fund is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of New Economy is generally in the same direction as the market. If Beta > 1 New Economy moves generally in the same direction as, but more than the movement of the benchmark.
New Economy April 19, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of New Economy help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of New Economy Fund. We use our internally-developed statistical techniques to arrive at the intrinsic value of New Economy Fund based on widely used predictive technical indicators. In general, we focus on analyzing New Mutual Fund price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build New Economy's daily price indicators and compare them against related drivers.
| Downside Deviation | 0.8614 | |||
| Information Ratio | 0.0288 | |||
| Maximum Drawdown | 4.73 | |||
| Value At Risk | (1.49) | |||
| Potential Upside | 1.32 |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in New Economy Fund. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the New Economy Fund information on this page should be used as a complementary analysis to other New Economy's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.