New World Technical Analysis

RNEBX -- USA Fund  

USD 68.67  0.45  0.65%

As of 17 of November New World secures Downside Deviation of 0.8572, Mean Deviation of 0.5539 and Risk Adjusted Performance of 0.1309. In connection with Fundamental Indicators, Macroaxis technical analysis interface lets you check existing technical drivers of New World Fund as well as the relationship between them. Strictly speaking you can use this information to find out if the organization will indeed mirror its model of past prices or the prices will eventually revert. We found nineteen technical drivers for New World which can be compared to its peers in the industry. Please verify New World Fund Coefficient Of Variation as well as the relationship between Treynor Ratio and Semi Variance to decide if New World Fund Inc Class R2 is priced some-what accurately providing market reflects its recent price of 68.67 per share.
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New World Fund Technical Analysis

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  Portfolio Optimization    
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The output start index for this execution was twelve with a total number of output elements of fourty-nine. The Normalized Average True Range is used to analyze tradable apportunities for New World Fund across different markets. View also all equity analysis or get more info about normalized average true range volatility indicators indicator.

New World Fund Trend Analysis

Use this graph to draw trend lines for New World Fund Inc Class R2. You can use it to identify possible trend reversals for New World 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 New World price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

New World Best Fit Change Line

The following chart estimates an ordinary least squares regression model for New World Fund Inc Class R2 applied against its price change over selected period. The best fit line has a slop of   0.07  which means New World Fund Inc Class R2 will continue generating value for investors. It has 122 observation points and a regression sum of squares at 186.64, which is the sum of squared deviations for the predicted New World price change compared to its average price change.

New World November 17, 2019 Technical Indicators

New World Fund One Year Return

Based on recorded statements New World Fund Inc Class R2 has One Year Return of -1.71%. This is 375.81% lower than that of the American Funds family, and significantly lower than that of Diversified Emerging Mkts category, The One Year Return for all funds is 141.2% higher than the company.
  Year Return 
      New World Comparables 
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.

New World November 17, 2019 Daily Price Condition

Additionally take a look at Your Equity Center. Please also try Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.