New Economy Fund Manager Performance Evaluation
| RNGFX Fund | USD 58.54 0.88 1.48% |
The fund secures a Beta (Market Risk) of 1.08, which conveys a somewhat significant risk relative to the market. New Economy returns are very sensitive to returns on the market. As the market goes up or down, New Economy is expected to follow.
Risk-Adjusted Performance
10 of 100
Weak | Strong |
Good
Compared to the overall equity markets, risk-adjusted returns on investments in New Economy Fund are ranked lower than 10 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak technical and fundamental indicators, New Economy may actually be approaching a critical reversion point that can send shares even higher in May 2024.
...more| Expense Ratio | 0.4600 |
New |
New Economy Relative Risk vs. Return Landscape
If you would invest 5,441 in New Economy Fund on January 16, 2024 and sell it today you would earn a total of 413.00 from holding New Economy Fund or generate 7.59% return on investment over 90 days. New Economy Fund is currently producing 0.1203% returns and takes up 0.9104% volatility of returns over 90 trading days. Put another way, 8% of traded mutual funds are less volatile than New, and 98% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
New Economy Current Valuation
Fairly Valued
Today
Please note that New Economy's price fluctuation is very steady at this time. At this time, the fund appears to be fairly valued. New Economy Fund secures a last-minute Real Value of $59.01 per share. The latest price of the fund is $58.54. We determine the value of New Economy Fund from analyzing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we recommend acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will merge together.
Our valuation method for New Economy Fund is useful when determining the fair value of the New mutual fund, which is usually determined by what a typical buyer is willing to pay for full or partial control of New Economy. Since New Economy is currently traded on the exchange, buyers and sellers on that exchange determine the market value of New Mutual Fund. However, New Economy's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 58.54 | Real 59.01 | Hype 59.42 | Naive 59.26 |
The real value of New Mutual Fund, also known as its intrinsic value, is the underlying worth of New Economy Fund Mutual Fund, which is reflected in its stock price. It is based on New Economy's financial performance, assets, liabilities, growth prospects, management team, or industry conditions. The intrinsic value of New Economy's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence New Economy's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of New Economy Fund helps investors to forecast how New mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of New Economy more accurately as focusing exclusively on New Economy's fundamentals will not take into account other important factors: New Economy Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for New Economy's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as New Economy Fund, and traders can use it to determine the average amount a New Economy's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1321
| Best Portfolio | Best Equity | |||
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| Cash | RNGFX | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 0.91 actual daily | 8 92% of assets are more volatile |
Expected Return
| 0.12 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.13 actual daily | 10 90% of assets perform better |
Based on monthly moving average New Economy is performing at about 10% 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 Fundamentals Growth
New Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of New Economy, and New Economy fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on New Mutual Fund performance.
| Price To Earning | 20.80 X | ||||
| Price To Book | 2.36 X | ||||
| Price To Sales | 1.23 X | ||||
| Total Asset | 23.4 B | ||||
About New Economy Performance
To evaluate New Economy Fund Mutual Fund as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when New Economy generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare New Mutual Fund's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand New Economy Fund market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents New's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.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.Things to note about New Economy Fund performance evaluation
Checking the ongoing alerts about New Economy for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for New Economy Fund help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| The fund maintains about 13.06% of its assets in cash |
- Analyzing New Economy's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether New Economy's stock is overvalued or undervalued compared to its peers.
- Examining New Economy's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating New Economy's management team can have a significant impact on its success or failure. Reviewing the track record and experience of New Economy's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of New Economy's mutual fund. These opinions can provide insight into New Economy's potential for growth and whether the stock is currently undervalued or overvalued.
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 census. 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 Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.