New Perspective Financials
| FNPFX Fund | USD 59.34 0.65 1.11% |
New |
Please note that past performance is not an indicator of the future performance of New Perspective, 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 Perspective Fund Summary
New Perspective competes with Income Fund, New World, American Mutual, American Mutual, and American Funds. The fund seeks to take advantage of investment opportunities generated by changes in international trade patterns and economic and political relationships by investing in common stocks of companies located around the world. In pursuing its investment objective, it invests primarily in common stocks that the investment adviser believes have the potential for growth.Specialization | World Large-Stock Growth, Large Growth |
| Instrument | USA Mutual Fund View All |
| Exchange | NMFQS Exchange |
| Business Address | New Perspective |
| Mutual Fund Family | American Funds |
| Mutual Fund Category | World Large-Stock Growth |
| Benchmark | NYSE Composite |
| Phone | 800 421 4225 |
| Currency | USD - US Dollar |
New Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining New Perspective's current stock value. Our valuation model uses many indicators to compare New Perspective value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across New Perspective competition to find correlations between indicators driving New Perspective's intrinsic value. More Info.New Perspective Fund is one of the top funds in annual yield among similar funds. It is one of the top funds in year to date return among similar funds creating about 554.41 of Year To Date Return per Annual Yield. Comparative valuation analysis is a catch-all model that can be used if you cannot value New Perspective by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for New Perspective'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 Perspective's earnings, one of the primary drivers of an investment's value.New Perspective Systematic Risk
New Perspective's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. New Perspective 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 function did not generate any output. Please change time horizon or modify your input parameters. The output start index for this execution was one with a total number of output elements of sixty. The Beta measures systematic risk based on how returns on New Perspective correlated with the market. If Beta is less than 0 New Perspective generally moves in the opposite direction as compared to the market. If New Perspective Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one New Perspective is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of New Perspective is generally in the same direction as the market. If Beta > 1 New Perspective moves generally in the same direction as, but more than the movement of the benchmark.
New Perspective April 16, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of New Perspective help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of New Perspective Fund. We use our internally-developed statistical techniques to arrive at the intrinsic value of New Perspective 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 Perspective's daily price indicators and compare them against related drivers.
| Downside Deviation | 0.7034 | |||
| Information Ratio | 0.0689 | |||
| Maximum Drawdown | 3.09 | |||
| Value At Risk | (1.09) | |||
| Potential Upside | 1.19 |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in New Perspective 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 census. Note that the New Perspective information on this page should be used as a complementary analysis to other New Perspective'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 Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.