New Economy Buy Hold or Sell Recommendation

NEW
RNGGX -- USA Fund  

USD 46.85  0.58  1.22%

Assuming 30 trading days horizon, and your above average risk tolerance our recommendation regarding The New Economy Fund Cl R 6 is 'Hold'. Macroaxis provides New Economy buy hold or sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding RNGGX positions. The advice algorithm takes into account all of New Economy available fundamental, technical, and predictive indicators you will find on this site. The advice is provided from RNGGX buy-and-hold prospective. Additionally take a look at New Economy 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 EconomyBuy New Economy
Hold

Volatility

Hype Condition

Current Valuation

Odds of Distress

Economic Sensitivity

Analyst Consensus

Not Available
For the selected time horizon The New Economy Fund Cl R 6 has a risk adjusted performance of 0.0458, jensen alpha of 0.052, total risk alpha of (0.18), sortino ratio of (0.019826) and treynor ratio of 0.3381
Macroaxis advice tool can be used to complement New Economy buy, hold, or sell recommendation provided by experts. It analyzes the entity potential to grow against your specific risk preferences and investment horizon. Use The New Economy Fund Cl R 6 Number of Employees and Net Asset to make sure your buy or sell decision on New Economy is adequate.

New Economy Trading Alerts and Improvement Suggestions

On December 18, 2019 New Economy paid $ 3.499 per share dividend to its current shareholders
The fund maintains about 6.6% of its assets in cash

New Economy Returns Distribution Density

Mean Return0.09Value At Risk0.93
Potential Upside0.92Standard Deviation1.06
 Return Density 
    
  Distribution 

New Economy Greeks

α
Alpha over DOW
=0.05
β
Beta against DOW=0.24
σ
Overall volatility
=1.07
Ir
Information ratio =0.04

New Economy Volatility Alert

The New Economy Fund Cl R 6 has relatively low volatility with skewness of -4.87 and kurtosis of 31.32. However, we advise all investors to independently investigate The New Economy Fund Cl R 6 to ensure market all accessible information is consistent with the expectations about its upside potential and future risk-adjusted return.
    
 Better Than Average     
    
 Worse Than Average Compare New Economy to competition

New Economy Fundamental Vs Peers

FundamentalsNew EconomyPeer Average
Price to Earning22.08 6.53 
Price to Book2.61 0.74 
Price to Sales1.34 0.61 
One Year Return0.17 4.15 
Three Year Return21.99 3.60 
Five Year Return1.53 3.24 
Ten Year Return5.46 1.79 
Net Asset22.59 B4.11 B
Minimum Initial Investment250976.16 K
Last Dividend Paid0.290.65
Cash Position Weight6.60 10.61 
Equity Positions Weight93.24 63.90 

New Economy Market Momentum