As of 13 of October American Funds shows Risk Adjusted Performance of
(0.039845) and Mean Deviation of 0.8676. American Funds New technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the entity future prices. In plain English you can use this information to find out if the entity will indeed mirror its model of historical prices and volume momentum or the prices will eventually revert. We found nineteen technical drivers for American Funds New Economy Fund which can be compared to its rivals. Please confirm American Funds New Standard Deviation as well as the relationship between Maximum Drawdown and Expected Short fall to decide if American Funds New is priced correctly providing market reflects its regular price of 44.93 per share.
|Horizon||30 Days Login to change|
American Funds New Technical Analysis
American Funds New Trend AnalysisUse this graph to draw trend lines for American Funds New Economy Fund. You can use it to identify possible trend reversals for American Funds as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual American Funds price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
American Funds Best Fit Change LineThe following chart estimates an ordinary least squares regression model for American Funds New Economy Fund applied against its price change over selected period. The best fit line has a slop of 0.02 which may suggest that American Funds New Economy Fund market price will keep on failing further. It has 122 observation points and a regression sum of squares at 19.59, which is the sum of squared deviations for the predicted American Funds price change compared to its average price change.
American Funds October 13, 2019 Technical Indicators
|Risk Adjusted Performance||(0.039845)|
|Market Risk Adjusted Performance||(0.05)|
|Coefficient Of Variation||(2,356)|
|Total Risk Alpha||(0.034049)|
|Value At Risk||(2.26)|
American Funds New One Year Return
Based on recorded statements American Funds New Economy Fund has One Year Return of -0.21%. This is 133.87% lower than that of the American Funds family, and 144.21% lower than that of Large Growth category, The One Year Return for all funds is 105.06% higher than the company.
American Funds October 13, 2019 Daily Price Condition