New Economy Fund Manager Performance Evaluation
The fund secures a Beta (Market Risk) of 0.0, which conveys not very significant fluctuations relative to the market. the returns on MARKET and New Economy are completely uncorrelated.
Risk-Adjusted Performance
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Very Weak
Over the last 90 days New Economy Fund has generated negative risk-adjusted returns adding no value to fund investors. In spite of fairly strong technical and fundamental indicators, New Economy is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
...more| Expense Ratio | 0.4100 |
New |
New Economy Relative Risk vs. Return Landscape
If you would invest 0.00 in New Economy Fund on January 25, 2024 and sell it today you would earn a total of 0.00 from holding New Economy Fund or generate 0.0% return on investment over 90 days. New Economy Fund is currently producing negative expected returns and takes up 0.0% volatility of returns over 90 trading days. Put another way, 0% of traded mutual funds are less volatile than New, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
New Economy Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for New Economy's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as New Economy Fund, and traders can use it to determine the average amount a New Economy's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Based on monthly moving average New Economy is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of New Economy by adding New Economy to a well-diversified portfolio.
New Economy Fundamentals Growth
New Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of New Economy, and New Economy fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on New Mutual Fund performance.
| Price To Earning | 22.08 X | |||
| Price To Book | 2.61 X | |||
| Price To Sales | 1.34 X | |||
| Total Asset | 34.02 B | |||
About New Economy Performance
To evaluate New Economy Fund Mutual Fund as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when New Economy generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare New Mutual Fund's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand New Economy Fund market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents New's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.The fund invests primarily in common stocks that the investment adviser believes have the potential for growth. New Economy is traded on NASDAQ Exchange in the United States.Things to note about New Economy Fund performance evaluation
Checking the ongoing alerts about New Economy for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for New Economy Fund help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| New Economy Fund is not yet fully synchronised with the market data | |
| New Economy Fund has some characteristics of a very speculative penny stock | |
| The fund maintains about 13.06% of its assets in cash |
- Analyzing New Economy's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether New Economy's stock is overvalued or undervalued compared to its peers.
- Examining New Economy's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating New Economy's management team can have a significant impact on its success or failure. Reviewing the track record and experience of New Economy's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of New Economy's mutual fund. These opinions can provide insight into New Economy's potential for growth and whether the stock is currently undervalued or overvalued.
Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as various price indices. 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 Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Other Tools for New Mutual Fund
When running New Economy's price analysis, check to measure New Economy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy New Economy is operating at the current time. Most of New Economy's value examination focuses on studying past and present price action to predict the probability of New Economy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move New Economy's price. Additionally, you may evaluate how the addition of New Economy to your portfolios can decrease your overall portfolio volatility.
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