The organization shows Beta (market volatility) of -0.0959 which signifies that as returns on market increase, returns on owning American Funds are expected to decrease at a much smaller rate. During bear market, American Funds is likely to outperform the market. Even though it is essential to pay attention to American Funds New historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis philosophy in foreseeing future performance of any fund is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. American Funds New Economy Fund exposes twenty-one different technical indicators which can help you to evaluate its performance.
Risk-Adjusted Fund Performance
Risk-Adjusted Fund PerformanceOver the last 30 days American Funds New Economy Fund has generated negative risk-adjusted returns adding no value to fund investors. Inspite fairly strong basic indicators, American Funds is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.
|Fifty Two Week Low||36.83|
|Fifty Two Week High||47.01|
|Annual Report Expense Ratio||0.83%|
|Horizon||30 Days Login to change|
American Funds New Relative Risk vs. Return LandscapeIf you would invest 4,640 in American Funds New Economy Fund on September 18, 2019 and sell it today you would lose (93.00) from holding American Funds New Economy Fund or give up 2.0% of portfolio value over 30 days. American Funds New Economy Fund is currently producing negative expected returns and takes up 1.1669% volatility of returns over 30 trading days. Put another way, 10% of traded equities are less volatile than the company and 99% of traded equity instruments are likely to generate higher returns over the next 30 trading days.
Daily Expected Return (%)
American Funds Current Valuation
October 18, 2019
American Funds is very steady asset. American Funds New shows prevailing Real Value of $45.37 per share. The current price of the fund is $45.47. At this time the entity appears to be fairly valued. We determine the value of American Funds New from analyzing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we favor to go long with undervalued instruments and to trade away overvalued instruments since at some point assets prices and their ongoing real values will blend.
American Funds Market Risk Analysis
Sharpe Ratio = -0.0214
American Funds Relative Performance Indicators
Estimated Market Risk