New Perspective Volatility

NP
NPFFX -- USA Fund  

USD 45.41  0.27  0.60%

We consider New Perspective very steady. New Perspective has Sharpe Ratio of 0.0155, which conveys that the entity had 0.0155% of return per unit of risk over the last 3 months. Our philosophy towards estimating the volatility of a fund is to use all available market data together with fund specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for New Perspective, which you can use to evaluate future volatility of the organization. Please verify New Perspective Risk Adjusted Performance of 0.1865, Mean Deviation of 2.9 and Downside Deviation of 5.7 to check out if the risk estimate we provide is consistent with the expected return of 0.0659%.

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New Perspective Mutual Fund volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of NPFFX daily returns, and it is calculated using variance and standard deviation. We also use NPFFX's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of New Perspective volatility.

90 Days Market Risk

Very steady

Chance of Distress

Very Small

90 Days Economic Sensitivity

Follows market closely

New Perspective Market Sensitivity

As returns on market increase, New Perspective returns are expected to increase less than the market. However, during bear market, the loss on holding New Perspective will be expected to be smaller as well.
3 Months Beta |Analyze New Perspective Demand Trend
Check current 30 days New Perspective correlation with market (DOW)
β = 0.8246

New Perspective Central Daily Price Deviation

New Perspective Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. New Perspective Typical Price indicator is an average of each day price and can be used instead of closing price when creating different New Perspective moving average lines. View also all equity analysis or get more info about typical price price transform indicator.

New Perspective Projected Return Density Against Market

Assuming 30 trading days horizon, New Perspective has beta of 0.8246 indicating as returns on market go up, New Perspective average returns are expected to increase less than the benchmark. However during bear market, the loss on holding New Perspective will be expected to be much smaller as well. Moreover, The company has an alpha of 0.1484 implying that it can potentially generate 0.1484% excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 
Assuming 30 trading days horizon, the coefficient of variation of New Perspective is 6443.78. The daily returns are destributed with a variance of 18.04 and standard deviation of 4.25. The mean deviation of New Perspective is currently at 2.9. For similar time horizon, the selected benchmark (DOW) has volatility of 4.04
α
Alpha over DOW
=0.15
β
Beta against DOW=0.82
σ
Overall volatility
=4.25
Ir
Information ratio =0.0333

New Perspective Return Volatility

the fund shows 4.2476% volatility of returns over 30 trading days. the entity inherits 3.999% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

About New Perspective Volatility

Volatility is a rate at which the price of New Perspective or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of New Perspective may increase or decrease. In other words, similar to NPFFX's beta indicator, it measures the risk of New Perspective and helps estimate the fluctuations that may happen in a short period of time. So if prices of New Perspective fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility. Please read more on our technical analysis page.

New Perspective Investment Opportunity

New Perspective has a volatility of 4.25 and is 1.06 times more volatile than DOW. 37  of all equities and portfolios are less risky than New Perspective. Compared to the overall equity markets, volatility of historical daily returns of New Perspective is lower than 37 () of all global equities and portfolios over the last 30 days. Use New Perspective to enhance returns of your portfolios. The mutual fund experiences moderate upward volatility. Check odds of New Perspective to be traded at $49.95 in 30 days. . As returns on market increase, New Perspective returns are expected to increase less than the market. However, during bear market, the loss on holding New Perspective will be expected to be smaller as well.

New Perspective correlation with market

correlation synergy
Poor diversification
Overlapping area represents the amount of risk that can be diversified away by holding New Perspective Fund Class F 1 and equity matching DJI index in the same portfolio.

New Perspective Current Risk Indicators

New Perspective Suggested Diversification Pairs

The investment seeks long-term growth of capital future income is a secondary objective. New Perspective is traded on BATS Exchange in USA.
Additionally, see Stocks Correlation. 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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