New Economy Financial Statements From 2010 to 2024
| RNGFX Fund | USD 57.80 0.30 0.52% |
Check New Economy financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among New main balance sheet or income statement drivers, such as , as well as many exotic indicators such as . New financial statements analysis is a perfect complement when working with New Economy Valuation or Volatility modules.
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New Economy Fund Mutual Fund Price To Earning Analysis
New Economy's Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Current New Economy Price To Earning | 20.80 X |
Most of New Economy's fundamental indicators, such as Price To Earning, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, New Economy Fund is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
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Based on the latest financial disclosure, New Economy Fund has a Price To Earning of 20.8 times. This is 358.15% higher than that of the American Funds family and significantly higher than that of the World Large-Stock Growth category. The price to earning for all United States funds is notably lower than that of the firm.
New Economy Fund Fundamental Drivers 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 0.11 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for New Economy Fund is roughly 8.81 . 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.About New Economy Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include New Economy income statement, its balance sheet, and the statement of cash flows. New Economy investors use historical funamental indicators, such as New Economy's revenue or net income, to determine how well the company is positioned to perform in the future. Although New Economy investors may use each financial statement separately, they are all related. The changes in New Economy's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on New Economy's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on New Economy Financial Statements. Understanding these patterns can help to make the right decision on long term investment in New Economy. Please read more on our technical analysis and fundamental analysis pages.
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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards New Economy in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, New Economy's short interest history, or implied volatility extrapolated from New Economy options trading.
Currently Active Assets on Macroaxis
Check out the analysis of New Economy Correlation against competitors. 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 Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.