American Funds Manager Performance Evaluation

ANFFX -- USA Fund  

USD 45.47  0.32  0.71%

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.
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Risk-Adjusted Fund Performance

Over 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 Low36.83
Fifty Two Week High47.01
Annual Report Expense Ratio0.83%
Horizon     30 Days    Login   to change

American Funds New Relative Risk vs. Return Landscape

If 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 (%) 
      Risk (%) 
Assuming 30 trading days horizon, American Funds is expected to under-perform the market. In addition to that, the company is 1.18 times more volatile than its market benchmark. It trades about -0.02 of its total potential returns per unit of risk. The DOW is currently generating roughly -0.02 per unit of volatility.

American Funds Current Valuation

Fairly Valued
October 18, 2019
45.47
Market Value
45.37
Real Value
48.88
Upside
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
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American Funds Relative Performance Indicators

Estimated Market Risk
 1.17
  actual daily
 
 10 %
of total potential
 
1010
Expected Return
 -0.02
  actual daily
 
 0 %
of total potential
 
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Risk-Adjusted Return
 -0.02
  actual daily
 
 0 %
of total potential
 
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Based on monthly moving average American Funds is performing at about 0% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of American Funds by adding it to a well-diversified portfolio.

American Funds Alerts

Equity Alerts and Improvement Suggestions

American Funds New generates negative expected return over the last 30 days
Latest headline from finance.yahoo.com: Qorvo to Webcast Quarterly Earnings Conference Call on October 31, 2019 - Yahoo Finance
The fund holds about 8.57% of its assets under management (AUM) in cash
Check also Trending Equities. Please also try Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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