New World Risk Analysis And Volatility

RNEBX -- USA Fund  

USD 68.60  0.41  0.59%

We consider New World very steady. New World Fund has Sharpe Ratio of 0.1004 which conveys that the entity had 0.1004% of return per unit of risk over the last 3 months. Our philosophy towards estimating 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 World which you can use to evaluate future volatility of the organization. Please verify New World Fund Inc Class R2 Downside Deviation of 0.8319, Mean Deviation of 0.4956 and Risk Adjusted Performance of 0.0588 to check out if risk estimate we provide are consistent with the epected return of 0.0667%.

90 Days Market Risk

Very steady

Chance of Distress in 24 months

Very Small

90 Days Economic Sensitivity

Barely shadows market
Horizon     30 Days    Login   to change

New World Market Sensitivity

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.
3 Months Beta |Analyze New World Fund Demand Trend
Check current 30 days New World correlation with market (DOW)
β = 0.1007

New World Central Daily Price Deviation

New World Fund Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. Developed by Larry Williams, the Weighted Close is the average of New World Fund high, low and close of a chart with the close values weighted twice. It can be used to smooth an indicator that normally takes only New World closing price as input. View also all equity analysis or get more info about weighted close price price transform indicator.

New World Projected Return Density Against Market

Assuming 30 trading days horizon, New World has beta of 0.1007 . This implies as returns on market go up, New World average returns are expected to increase less than the benchmark. However during bear market, the loss on holding New World Fund Inc Class R2 will be expected to be much smaller as well. Moreover, The company has an alpha of 0.0457 implying that it can potentially generate 0.0457% 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 World is 996.24. The daily returns are destributed with a variance of 0.44 and standard deviation of 0.66. The mean deviation of New World Fund Inc Class R2 is currently at 0.51. For similar time horizon, the selected benchmark (DOW) has volatility of 0.61
α
Alpha over DOW
=0.0457
β
Beta against DOW=0.10
σ
Overall volatility
=0.66
Ir
Information ratio =0.02

New World Return Volatility

the fund shows 0.6644% volatility of returns over 30 trading days. the entity inherits 0.6076% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

New World Investment Opportunity

New World Fund Inc Class R2 has a volatility of 0.66 and is 1.08 times more volatile than DOW. of all equities and portfolios are less risky than New World. Compared to the overall equity markets, volatility of historical daily returns of New World Fund Inc Class R2 is lower than 5 () of all global equities and portfolios over the last 30 days. Use New World Fund Inc Class R2 to protect your portfolios against small markets fluctuations. The fund experiences moderate downward daily trend and can be a good diversifier. Check odds of New World to be traded at $67.23 in 30 days. . 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.

New World correlation with market

correlation synergy
Significant diversification
Overlapping area represents the amount of risk that can be diversified away by holding New World Fund Inc Class R2 and equity matching DJI index in the same portfolio.

New World Current Risk Indicators

New World Suggested Diversification Pairs

Additionally take a look at Your Equity Center. Please also try Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
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