New World Financials
CNWAX Fund | USD 78.02 0.22 0.28% |
With this module, you can analyze New financials for your investing period. You should be able to track the changes in New World individual financial statements over time to develop the understanding of its risk, liquidity, profitability, or other critical and vital indicators.
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Understanding current and past New World Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of New World's financial statements are interrelated, with each one affecting the others. For example, an increase in New World's assets may result in an increase in income on the income statement.
Evaluating New World's financials involves analyzing a range of financial metrics and ratios to gain insights into the company's financial health and performance. However, considering all of New World's profitability, liquidity ratios, and efficiency indicators at the same time could be an enormous task, and our Financial Distress score can provide you with a snapshot of the New World's relative financial performance
Chance Of Distress
Less than 37
100 | Zero |
Below Average
New World Fund has less than 37 (%) percent chance of experiencing financial distress in the next two years of operations. The calculation of odds of distress for New World mutual fund is tightly coupled with the Probability of Bankruptcy. It complements the equity performance score by supplying investors with insight into company financials without requiring them to know too much about all of the complex accounting and financial indicators surrounding the entity.
More InfoThe data published in New World's official financial statements usually reflect New World's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of New World Fund. For example, before you start analyzing numbers published by New accountants, it's critical to develop an understanding of what New World's liquidity, profitability, and earnings quality are in the context of the American Funds space in which it operates.
Please note that past performance is not an indicator of the future performance of New World, its manager's success, or the effectiveness of its strategy. The performance results shown here may have been adversely or favorably impacted by events and economic conditions that may not prevail in the future. Therefore, you must use caution to infer that these results indicate any fund, manager, or strategy's future performance. Investment returns and principal value will fluctuate so that investors' shares, when sold, may be worth more or less than their original cost. .
New World Company Summary
New World competes with Income Fund, American Funds, New World, American Mutual, and American Mutual. The fund invests primarily in common stocks of companies with significant exposure to countries with developing economies andor markets. Under normal market conditions, the fund invests at least 35 percent of its assets in equity and debt securities of issuers primarily based in qualified countries that have developing economies andor markets.Specialization | Diversified Emerging Mkts, Large Growth |
Instrument | USA Mutual Fund View All |
Exchange | NMFQS Exchange |
ISIN | US6492805006 |
Business Address | New World Fund |
Mutual Fund Family | American Funds |
Mutual Fund Category | Diversified Emerging Mkts |
Benchmark | NYSE Composite |
Phone | 800 421 4225 |
Currency | USD - US Dollar |
You should never invest in New World without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of New Mutual Fund, because this is throwing your money away. Analyzing the key information contained in New World's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
New World Key Financial Ratios
Generally speaking, New World's financial ratios allow both analysts and investors to convert raw data from New World's financial statements into concise, actionable information that can be used to evaluate the performance of New World over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that New World Fund reports annually and quarterly.New Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining New World's current stock value. Our valuation model uses many indicators to compare New World value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across New World competition to find correlations between indicators driving New World's intrinsic value. More Info.New World Fund is the top fund in ten year return among similar funds. It is the top fund in three year return among similar funds . . Comparative valuation analysis is a catch-all model that can be used if you cannot value New World by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for New World's Mutual Fund . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the New World's earnings, one of the primary drivers of an investment's value.New World Fund Systematic Risk
New World's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. New World volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was three with a total number of output elements of fifty-eight. The Beta measures systematic risk based on how returns on New World Fund correlated with the market. If Beta is less than 0 New World generally moves in the opposite direction as compared to the market. If New World Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one New World Fund is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of New World is generally in the same direction as the market. If Beta > 1 New World moves generally in the same direction as, but more than the movement of the benchmark.
About New World Financials
What exactly are New World Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include New World's income statement, its balance sheet, and the statement of cash flows. Potential New World investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although New World investors may use each financial statement separately, they are all related. The changes in New World's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on New World's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.Steps to analyze New World Financials for Investing
There are several different ways that investors can use financial statements to try and predict whether a stock price will go up or down. Unfortunately, there is no surefire formula, but there are some general guidelines you should consider when looking at the numbers. First, realize what kind of company it is so you know if its revenues are more likely to grow or shrink over time. For example, a software company's revenue is expected to increase yearly due to new products and services that its customers will want to buy. At the same time, a car manufacturer might not be able to sell as many cars when the economy slows down, so it would have less net income during those times. Second, pay attention to its debt-to-equity ratio because this number will tell you how much risk it has. If a company such as New World is not taking on any additional risks, its debt-to-equity should be less than one. As a general rule of thumb, if the market value or book value (which can be found in the footnotes) of assets exceeds the company's liabilities, then it is probably in good shape. Finally, use other financial statements to determine if a stock price will go up or down because investors are always looking for growth opportunities when they buy new stocks. For example, if you see that the net revenue of New has grown by more than 25% over the last five years, then there is a good chance that it will continue growing by at least 20% or more each year. On the other hand, if you see that net revenue has only increased by about 15%, which is barely above inflation levels, then chances are it will not grow much faster than this over time, and investors may shy away from buying it. In summary, you can determine if New World's financials are consistent with your investment objective using the following steps:- Review New World's balance sheet accounts, such as liabilities and equity, to understand its overall financial position.
- Analyze the income statement and examine the company's revenue, expenses, and profits over time to determine its financial performance.
- Study the cash flow inflows and outflows to understand New World's liquidity and solvency.
- Look at the growth rates in revenue, earnings, and cash flow over time to determine its potential for future growth.
- Compare New World's financials to those of its peers to see how it stacks up and identify any potential red flags.
- Use valuation ratios to evaluate the company's financials using commonly used ratios such as the price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and enterprise value-to-earnings before interest, taxes, depreciation, and amortization (EV/EBITDA) ratio to determine if New World's stock is overvalued or undervalued.
New World March 28, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of New World help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of New World Fund. We use our internally-developed statistical techniques to arrive at the intrinsic value of New World Fund based on widely used predictive technical indicators. In general, we focus on analyzing New Mutual Fund price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build New World's daily price indicators and compare them against related drivers.
Downside Deviation | 0.5984 | |||
Information Ratio | (0.04) | |||
Maximum Drawdown | 2.47 | |||
Value At Risk | (0.93) | |||
Potential Upside | 1.0 |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in New World Fund. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the New World Fund information on this page should be used as a complementary analysis to other New World's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Complementary Tools for New Mutual Fund analysis
When running New World's price analysis, check to measure New World's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy New World is operating at the current time. Most of New World's value examination focuses on studying past and present price action to predict the probability of New World's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move New World's price. Additionally, you may evaluate how the addition of New World to your portfolios can decrease your overall portfolio volatility.
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