New World Fund Buy Hold or Sell Recommendation

RNEBX Fund  USD 78.91  0.42  0.54%   
Assuming the 90 days horizon and your above-average risk tolerance, our recommendation regarding New World Fund is 'Cautious Hold'. A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell New World Fund given historical horizon and risk tolerance towards New World. When Macroaxis issues a 'buy' or 'sell' recommendation for New World Fund, the advice is generated through an automated system that utilizes algorithms and statistical models.
  
Check out New World Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool.
Note, we conduct extensive research on individual funds such as New and provide practical buy, sell, or hold recommendation based on investors' investing horizon and their risk tolerance towards New World Fund. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Execute New World Buy or Sell Advice

The New recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on New World Fund. Macroaxis does not own or have any residual interests in New World Fund or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute New World's advice using the current market data and latest reported fundamentals.

Time Horizon

Risk Tolerance

Execute Advice
Sell New WorldBuy New World
Cautious Hold

Market Performance

OKDetails

Volatility

Very steadyDetails

Hype Condition

StaleDetails

Current Valuation

Fairly ValuedDetails

Odds Of Distress

LowDetails

Economic Sensitivity

Barely shadows the marketDetails

Analyst Consensus

Not AvailableDetails
For the selected time horizon New World Fund has a Mean Deviation of 0.4885, Semi Deviation of 0.4917, Standard Deviation of 0.6415, Variance of 0.4116, Downside Variance of 0.3774 and Semi Variance of 0.2417
Macroaxis provides unbiased advice on New World Fund that should be used to complement current analysts and expert consensus on New World. Our investment recommendation engine determines the entity's potential to grow exclusively from the perspective of an investors' current risk tolerance and investing horizon. Use New World Fund annual yield, as well as the relationship between the ten year return and bond positions weight to ensure your buy or sell decision on New World Fund is adequate.

New World Trading Alerts and Improvement Suggestions

The fund generated three year return of -2.0%
New World Fund maintains about 9.22% of its assets in cash

New World Returns Distribution Density

The distribution of New World's historical returns is an attempt to chart the uncertainty of New World's future price movements. The chart of the probability distribution of New World daily returns describes the distribution of returns around its average expected value. We use New World Fund price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of New World returns is essential to provide solid investment advice for New World.
Mean Return
0.07
Value At Risk
-1.06
Potential Upside
1.12
Standard Deviation
0.64
   Return Density   
       Distribution  
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of New World historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.

New World Greeks

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to New World or American Funds sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that New World's price will be affected by overall mutual fund market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a New fund's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α
Alpha over Dow Jones
0.04
β
Beta against Dow Jones0.17
σ
Overall volatility
0.63
Ir
Information ratio -0.05

New World Volatility Alert

New World Fund exhibits relatively low volatility with skewness of 0.08 and kurtosis of 0.24. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure New World's mutual fund risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact New World's mutual fund price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.

New World Fundamentals Vs Peers

Comparing New World's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze New World's direct or indirect competition across all of the common fundamentals between New World and the related equities. This way, we can detect undervalued stocks with similar characteristics as New World or determine the mutual funds which would be an excellent addition to an existing portfolio. Peer analysis of New World's fundamental indicators could also be used in its relative valuation, which is a method of valuing New World by comparing valuation metrics with those of similar companies.
    
 Better Than Average     
    
 Worse Than Average Compare New World to competition
FundamentalsNew WorldPeer Average
Price To Earning18.23 X6.53 X
Price To Book2.07 X0.74 X
Price To Sales1.65 X0.61 X
Annual Yield0.01 %0.29 %
Year To Date Return10.03 %0.39 %
One Year Return12.69 %4.15 %
Three Year Return(1.89) %3.60 %
Five Year Return6.28 %3.24 %
Ten Year Return5.46 %1.79 %
Net Asset36.01 B4.11 B
Last Dividend Paid0.050.65
Cash Position Weight9.22 %10.61 %
Equity Positions Weight86.94 %63.90 %
Bond Positions Weight3.24 %11.24 %

New World Market Momentum

Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as New . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.

About New World Buy or Sell Advice

When is the right time to buy or sell New World Fund? Buying financial instruments such as New Mutual Fund isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.

Use Investing Ideas to Build Portfolios

In addition to having New World in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Banks - Regional Thematic Idea Now

Banks - Regional
Banks - Regional Theme
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Banks - Regional theme has 19 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Banks - Regional Theme or any other thematic opportunities.
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Other Information on Investing in New Mutual Fund

New World financial ratios help investors to determine whether New Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in New with respect to the benefits of owning New World security.
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