New World Manager Performance Evaluation

RNEBX -- USA Fund  

USD 70.44  0.76  1.09%

The fund secures Beta (Market Risk) of 0.775 which conveys that as returns on market increase, New World returns are expected to increase less than the market. However during bear market, the loss on holding New World will be expected to be smaller as well. Although it is extremely important to respect New World Fund price patterns, it is better to be realistic regarding the information on equity historical price patterns. The philosophy towards estimating future performance of any fund is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By analyzing New World Fund technical indicators you can presently evaluate if the expected return of 0.0897% will be sustainable into the future.

Risk-Adjusted Fund Performance

Compared to the overall equity markets, risk-adjusted returns on investments in New World Fund Inc Class R2 are ranked lower than 9 (%) of all funds and portfolios of funds over the last 30 days. Inspite fairly strong basic indicators, New World is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.
Fifty Two Week Low54.72
Fifty Two Week High69.69
Annual Report Expense Ratio1.44%
Horizon     30 Days    Login   to change

New World Fund Relative Risk vs. Return Landscape

If you would invest  6,654  in New World Fund Inc Class R2 on November 15, 2019 and sell it today you would earn a total of  390.00  from holding New World Fund Inc Class R2 or generate 5.86% return on investment over 30 days. New World Fund Inc Class R2 is currently producing 0.0897% returns and takes up 0.642% volatility of returns over 30 trading days. Put another way, 5% 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, New World is expected to generate 1.06 times more return on investment than the market. However, the company is 1.06 times more volatile than its market benchmark. It trades about 0.14 of its potential returns per unit of risk. The DOW is currently generating roughly 0.1 per unit of risk.

New World Current Valuation

December 15, 2019
Real Value
New World is very steady asset. New World Fund secures last-minute Real Value of $72.13 per share. The latest price of the fund is $70.44. At this time the organization appears to be undervalued. We determine the value of New World Fund from analyzing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we recommend to purchase undervalued stocks and to get rid of overvalued stocks since at some point entities prices and their ongoing real values will merge together.

New World Market Risk Analysis

Sharpe Ratio = 0.1397
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New World Relative Performance Indicators

Estimated Market Risk
  actual daily
 5 %
of total potential
Expected Return
  actual daily
 1 %
of total potential
Risk-Adjusted Return
  actual daily
 9 %
of total potential
Based on monthly moving average New World is performing at about 9% 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 New World by adding it to a well-diversified portfolio.

New World Alerts

Equity Alerts and Improvement Suggestions

The fund maintains about 8.44% of its assets in cash
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