American Funds Technical Analysis

American Funds New Economy R5 -- USA Fund  

USD 48.29  0.26  0.54%

American Funds New Economy R5 shows Mean Deviation of 0.5522 and Risk Adjusted Performance of 0.0335. In respect to Fundamental Indicators, Macroaxis technical analysis interface gives you tools to check existing technical drivers of American Funds as well as the relationship between them. In plain English you can use this information to find out if the entity will indeed mirror its model of historical prices and volume momentum or the prices will eventually revert. We found nineteen technical drivers for American Funds New Economy R5 which can be compared to its rivals. Please confirm American Funds New Semi Deviation, Jensen Alpha as well as the relationship between Jensen Alpha and Semi Variance to decide if American Funds New is priced correctly providing market reflects its regular price of 48.29 per share.
Investment Horizon     30 Days    Login   to change

American Funds New Trend Analysis

Use this graph to draw trend lines for American Funds New Economy R5. You can use it to identify possible trend reversals for American Funds as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual American Funds price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

American Funds Best Fit Change Line

The following chart estimates an ordinary least squares regression model for American Funds New Economy R5 applied against its price change over selected period. The best fit line has a slop of 0.07 % which may suggest that American Funds New Economy R5 market price will keep on failing further. It has 34 observation points and a regression sum of squares at 4.56, which is the sum of squared deviations for the predicted American Funds price change compared to its average price change.

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American Funds New Economy R5 is rated top fund in mean deviation among similar funds. It is currently under evaluation in standard deviation among similar funds creating about  1.25  of Standard Deviation per Mean Deviation. The ratio of Standard Deviation to Mean Deviation for American Funds New Economy R5 is roughly  1.25 

One Year Return

American Funds New One Year Return
Based on recorded statements American Funds New Economy R5 has One Year Return of 0.13%. This is 94.54% lower than that of the American Funds family, and 96.09% lower than that of Large Growth category, The One Year Return for all funds is 94.35% higher than the company.
  Year Return 
      American Funds Comparables 
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.