New Economy Fund Price History
RNGEX Fund | USD 59.13 0.06 0.10% |
Below is the normalized historical share price chart for New Economy Fund extending back to May 31, 2002. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of New Economy stands at 59.13, as last reported on the 29th of March, with the highest price reaching 59.13 and the lowest price hitting 59.13 during the day.
If you're considering investing in New Mutual Fund, it is important to understand the factors that can impact its price. We consider New Economy very steady. New Economy Fund has Sharpe Ratio of 0.23, which conveys that the entity had a 0.23% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for New Economy, which you can use to evaluate the volatility of the fund. Please verify New Economy's Downside Deviation of 0.7331, mean deviation of 0.6294, and Risk Adjusted Performance of 0.1142 to check out if the risk estimate we provide is consistent with the expected return of 0.19%.
New Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
New |
Sharpe Ratio = 0.2289
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Estimated Market Risk
0.84 actual daily | 7 93% of assets are more volatile |
Expected Return
0.19 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
0.23 actual daily | 17 83% of assets perform better |
Based on monthly moving average New Economy is performing at about 17% 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 Economy by adding it to a well-diversified portfolio.
New Economy Mutual Fund Price History Chart
There are several ways to analyze New Economy Fund price data. The simplest method is using a basic New candlestick price chart, which shows New Economy price history and the buying and selling dynamics of a specified period. Many traders also use subjective judgment to their trading calls, avoiding the need to trade based on technical analysis.
Highest Price | March 21, 2024 | 59.39 |
Lowest Price | January 5, 2024 | 51.93 |
New Economy March 29, 2024 Mutual Fund Price Synopsis
Various analyses of New Economy's daily price changes, such as its Balance Of Power or Price Action, are crucial when deciding whether to buy, hold, or sell New Mutual Fund. It can be used to describe the percentage change in the price of New Economy from one trading day to the next and could be a valuable metric for traders and investors to gauge the volatility and momentum of New Mutual Fund.New Economy Price Rate Of Daily Change | 1.00 | |
New Economy Price Action Indicator | (0.03) |
New Economy March 29, 2024 Mutual Fund Price Analysis
New Mutual Fund Price History Data
The price series of New Economy for the period between Sat, Dec 30, 2023 and Fri, Mar 29, 2024 has a statistical range of 7.46 with a coefficient of variation of 4.0. The price distribution for the period has arithmetic mean of 55.89. The median price for the last 90 days is 56.09. The company had dividends distributed to its stock-holders on 12/18/2019.Open | High | Low | Close | Volume | ||
03/28/2024 | 59.13 | 59.13 | 59.13 | 59.13 | 1.00 | |
03/27/2024 | 59.19 | 59.19 | 59.19 | 59.19 | 1.00 | |
03/26/2024 | 59.05 | 59.05 | 59.05 | 59.05 | 1.00 | |
03/25/2024 | 59.12 | 59.12 | 59.12 | 59.12 | 1.00 | |
03/22/2024 | 59.23 | 59.23 | 59.23 | 59.23 | 1.00 | |
03/21/2024 | 59.39 | 59.39 | 59.39 | 59.39 | 1.00 | |
03/20/2024 | 58.72 | 58.72 | 58.72 | 58.72 | 1.00 | |
03/19/2024 | 58.09 | 58.09 | 58.09 | 58.09 | 1.00 | |
03/18/2024 | 57.87 | 57.87 | 57.87 | 57.87 | 1.00 | |
03/15/2024 | 57.53 | 57.53 | 57.53 | 57.53 | 1.00 | |
03/14/2024 | 58.12 | 58.12 | 58.12 | 58.12 | 1.00 | |
03/13/2024 | 58.29 | 58.29 | 58.29 | 58.29 | 1.00 | |
03/12/2024 | 58.52 | 58.52 | 58.52 | 58.52 | 1.00 | |
03/11/2024 | 57.87 | 57.87 | 57.87 | 57.87 | 1.00 | |
03/08/2024 | 58.15 | 58.15 | 58.15 | 58.15 | 1.00 | |
03/07/2024 | 58.79 | 58.79 | 58.79 | 58.79 | 1.00 | |
03/06/2024 | 57.78 | 57.78 | 57.78 | 57.78 | 1.00 | |
03/05/2024 | 57.45 | 57.45 | 57.45 | 57.45 | 1.00 | |
03/04/2024 | 58.30 | 58.30 | 58.30 | 58.30 | 1.00 | |
03/01/2024 | 58.27 | 58.27 | 58.27 | 58.27 | 1.00 | |
02/29/2024 | 57.34 | 57.34 | 57.34 | 57.34 | 1.00 | |
02/28/2024 | 57.18 | 57.18 | 57.18 | 57.18 | 1.00 | |
02/27/2024 | 57.39 | 57.39 | 57.39 | 57.39 | 1.00 | |
02/26/2024 | 57.33 | 57.33 | 57.33 | 57.33 | 1.00 | |
02/23/2024 | 57.32 | 57.32 | 57.32 | 57.32 | 1.00 | |
02/22/2024 | 57.41 | 57.41 | 57.41 | 57.41 | 1.00 | |
02/21/2024 | 55.91 | 55.91 | 55.91 | 55.91 | 1.00 | |
02/20/2024 | 56.07 | 56.07 | 56.07 | 56.07 | 1.00 | |
02/16/2024 | 56.41 | 56.41 | 56.41 | 56.41 | 1.00 | |
02/15/2024 | 56.78 | 56.78 | 56.78 | 56.78 | 1.00 | |
02/14/2024 | 56.50 | 56.50 | 56.50 | 56.50 | 1.00 | |
02/13/2024 | 55.85 | 55.85 | 55.85 | 55.85 | 1.00 | |
02/12/2024 | 56.71 | 56.71 | 56.71 | 56.71 | 1.00 | |
02/09/2024 | 56.86 | 56.86 | 56.86 | 56.86 | 1.00 | |
02/08/2024 | 56.45 | 56.45 | 56.45 | 56.45 | 1.00 | |
02/07/2024 | 56.09 | 56.09 | 56.09 | 56.09 | 1.00 | |
02/06/2024 | 55.52 | 55.52 | 55.52 | 55.52 | 1.00 | |
02/05/2024 | 55.40 | 55.40 | 55.40 | 55.40 | 1.00 | |
02/02/2024 | 55.48 | 55.48 | 55.48 | 55.48 | 1.00 | |
02/01/2024 | 54.78 | 54.78 | 54.78 | 54.78 | 1.00 | |
01/31/2024 | 54.12 | 54.12 | 54.12 | 54.12 | 1.00 | |
01/30/2024 | 54.97 | 54.97 | 54.97 | 54.97 | 1.00 | |
01/29/2024 | 55.19 | 55.19 | 55.19 | 55.19 | 1.00 | |
01/26/2024 | 54.67 | 54.67 | 54.67 | 54.67 | 1.00 | |
01/25/2024 | 54.59 | 54.59 | 54.59 | 54.59 | 1.00 | |
01/24/2024 | 54.53 | 54.53 | 54.53 | 54.53 | 1.00 | |
01/23/2024 | 54.38 | 54.38 | 54.38 | 54.38 | 1.00 | |
01/22/2024 | 54.34 | 54.34 | 54.34 | 54.34 | 1.00 | |
01/19/2024 | 54.09 | 54.09 | 54.09 | 54.09 | 1.00 | |
01/18/2024 | 53.39 | 53.39 | 53.39 | 53.39 | 1.00 | |
01/17/2024 | 52.79 | 52.79 | 52.79 | 52.79 | 1.00 | |
01/16/2024 | 53.13 | 53.13 | 53.13 | 53.13 | 1.00 | |
01/12/2024 | 53.31 | 53.31 | 53.31 | 53.31 | 1.00 | |
01/11/2024 | 53.22 | 53.22 | 53.22 | 53.22 | 1.00 | |
01/10/2024 | 53.07 | 53.07 | 53.07 | 53.07 | 1.00 | |
01/09/2024 | 52.79 | 52.79 | 52.79 | 52.79 | 1.00 | |
01/08/2024 | 52.80 | 52.80 | 52.80 | 52.80 | 1.00 | |
01/05/2024 | 51.93 | 51.93 | 51.93 | 51.93 | 1.00 | |
01/04/2024 | 52.02 | 52.02 | 52.02 | 52.02 | 1.00 | |
01/03/2024 | 52.04 | 52.04 | 52.04 | 52.04 | 1.00 | |
01/02/2024 | 52.69 | 52.69 | 52.69 | 52.69 | 1.00 |
About New Economy Mutual Fund history
New Economy investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for New is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in New Economy Fund will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing New Economy stock prices may prove useful in developing a viable investing in New Economy
The fund invests primarily in common stocks that the investment adviser believes have the potential for growth. It invests in securities of companies that can benefit from innovation, exploit new technologies or provide products and services that meet the demands of an evolving global economy. The fund may invest up to 50 percent of its assets outside the United States, including in developing countries.
New Economy Mutual Fund Technical Analysis
New Economy technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
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New Economy Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for New Economy's price direction in advance. Along with the technical and fundamental analysis of New Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of New to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Risk Adjusted Performance | 0.1142 | |||
Jensen Alpha | 0.0175 | |||
Total Risk Alpha | (0.03) | |||
Sortino Ratio | 0.0419 | |||
Treynor Ratio | 0.1408 |
Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in New Economy 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 income. Note that the New Economy Fund information on this page should be used as a complementary analysis to other New Economy'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 Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
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When running New Economy's price analysis, check to measure New Economy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy New Economy is operating at the current time. Most of New Economy's value examination focuses on studying past and present price action to predict the probability of New Economy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move New Economy's price. Additionally, you may evaluate how the addition of New Economy to your portfolios can decrease your overall portfolio volatility.
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