American Funds Buy Hold or Sell Recommendation

RNGHX -- USA Fund  

USD 42.74  0.96  2.20%

Assuming 30 trading days horizon, and your above average risk tolerance our recommendation regarding American Funds New Economy R5E is 'Hold'. Macroaxis provides American Funds buy hold or sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding RNGHX positions. The advice algorithm takes into account all of American Funds New available fundamental, technical, and predictive indicators you will find on this site. The advice is provided from RNGHX buy-and-hold prospective. Additionally take a look at American Funds 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 American FundsBuy American Funds
Hold

Hype Condition

Current Valuation

Odds of Distress

Economic Sensitivity

Analyst Consensus

Not Available
For the selected time horizon American Funds New Economy R5E has a mean deviation of 1.38, semi deviation of 0.0, standard deviation of 1.72, variance of 2.97, downside variance of 0.0 and semi variance of 0.0
American Funds buy, hold, or sell suggestion module can be used to check and cross-verify current buy, hold, or sell recommendation provided by analysts analyzing the fund potential to grow using all of fundamental, technical, data market data available at the time. Please makes use of American Funds Minimum Initial Investment to make buy, hold, or sell decision on American Funds New.

American Funds Returns Distribution Density

Mean Return0.21Value At Risk3.03
Potential Upside2.36Standard Deviation1.72
 Return Density 
      Distribution 

American Funds Greeks

α
Alpha over DOW
=0.2
β
Beta against DOW=0.12
σ
Overall volatility
=1.72
Ir
Information ratio =0.02

American Funds Volatility Alert

American Funds New Economy R5E exhibits very low volatility with skewness of -0.34 and kurtosis of -0.48. However, we advise investors to further study American Funds New Economy R5E technical indicators to make sure all market info is available and is reliable.
    
 Better Than Average     
    
 Worse Than Average Compare American Funds to competition

American Funds Fundamental Vs Peers

FundamentalsAmerican FundsPeer Average
Net Asset19.91B1.37B
Minimum Initial Investment2508.09M
Cash Position Weight9.72% 14.48%
Equity Positions Weight88.06% 40.68%
Bond Positions Weight0.36% 14.72%

American Funds Alerts

Trading Alerts and Improvement Suggestions

American Funds New generates negative expected return over the last 30 days
The fund maintains about 9.72% of its assets in cash
Additionally take a look at American Funds 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. Please also try Commodity Channel Index module to use commodity channel index to analyze current equity momentum.
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