New World Buy Hold or Sell Recommendation

CNWAX -- USA Fund  

USD 66.84  0.76  1.15%

Assuming 30 trading days horizon, and your above average risk tolerance our recommendation regarding New World Fund Inc Class 529 is 'Strong Hold'. Macroaxis provides New World buy hold or sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding CNWAX positions. The advice algorithm takes into account all of New World Fund available fundamental, technical, and predictive indicators you will find on this site. The advice is provided from CNWAX buy-and-hold prospective. Check also New World 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 New WorldBuy New World
Strong Hold

Volatility

Hype Condition

Current Valuation

Odds of Distress

Economic Sensitivity

Analyst Consensus

Not Available
For the selected time horizon New World Fund Inc Class 529 has a risk adjusted performance of (0.021595), jensen alpha of (0.014296), total risk alpha of (0.011201), sortino ratio of 0.0 and treynor ratio of (0.037079)
Macroaxis provides unbiased advice on New World Fund that should be used to complement current analysts and expert consensus on New World. Our buy, hold, or sell recommendation engine determines the entity potential to grow exclusively from the prospective of investors current risk tolerance and investing horizon. Use New World Fund Inc Class 529 Price to Earning, Three Year Return as well as the relationship between Three Year Return and Cash Position Weight to make sure your buy or sell decision on New World Fund is adequate.

New World Trading Alerts and Improvement Suggestions

New World Fund generates negative expected return over the last 30 days
The fund holds about 7.36% of its assets under management (AUM) in cash

New World Returns Distribution Density

Mean Return0.02Value At Risk1.44
Potential Upside1.22Standard Deviation0.99
 Return Density 
      Distribution 

New World Greeks

α
Alpha over DOW
=0.01
β
Beta against DOW=0.87
σ
Overall volatility
=1.00
Ir
Information ratio =0.01

New World Volatility Alert

New World Fund Inc Class 529 exhibits very low volatility with skewness of -0.65 and kurtosis of 1.76. However, we advise investors to further study New World Fund Inc Class 529 technical indicators to make sure all market info is available and is reliable.
    
 Better Than Average     
    
 Worse Than Average Compare New World to competition

New World Fundamental Vs Peers

FundamentalsNew WorldPeer Average
Price to Earning18.23 6.53 
Price to Book2.07 0.74 
Price to Sales1.65 0.61 
One Year Return(11.01) 4.15 
Three Year Return18.29 3.60 
Five Year Return1.73 3.24 
Ten Year Return11.16 1.79 
Net Asset40.48 B4.11 B
Minimum Initial Investment250976.16 K
Last Dividend Paid0.550.65
Cash Position Weight7.36 10.61 
Equity Positions Weight88.70 63.90 
Bond Positions Weight3.89 11.24 
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