New Perspective Fund Manager Performance Evaluation
| RNPCX Fund | USD 56.07 0.48 0.86% |
The fund secures a Beta (Market Risk) of 1.0, which conveys possible diversification benefits within a given portfolio. New Perspective returns are very sensitive to returns on the market. As the market goes up or down, New Perspective is expected to follow.
Risk-Adjusted Performance
4 of 100
Weak | Strong |
Insignificant
Compared to the overall equity markets, risk-adjusted returns on investments in New Perspective Fund are ranked lower than 4 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong fundamental indicators, New Perspective is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
...more| Expense Ratio | 1.0700 |
New |
New Perspective Relative Risk vs. Return Landscape
If you would invest 5,439 in New Perspective Fund on January 24, 2024 and sell it today you would earn a total of 120.00 from holding New Perspective Fund or generate 2.21% return on investment over 90 days. New Perspective Fund is currently producing 0.0379% returns and takes up 0.7379% volatility of returns over 90 trading days. Put another way, 6% of traded mutual funds are less volatile than New, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
New Perspective Current Valuation
Fairly Valued
Today
Please note that New Perspective's price fluctuation is very steady at this time. At this time, the fund appears to be fairly valued. New Perspective secures a last-minute Real Value of $56.22 per share. The latest price of the fund is $56.07. We determine the value of New Perspective 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 Perspective 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 Perspective. Since New Perspective is currently traded on the exchange, buyers and sellers on that exchange determine the market value of New Mutual Fund. However, New Perspective'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 56.07 | Real 56.22 | Hype 56.07 |
The real value of New Mutual Fund, also known as its intrinsic value, is the underlying worth of New Perspective Mutual Fund, which is reflected in its stock price. It is based on New Perspective's financial performance, assets, liabilities, growth prospects, management team, or industry conditions. The intrinsic value of New Perspective'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 Perspective'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 Perspective 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 Perspective more accurately as focusing exclusively on New Perspective's fundamentals will not take into account other important factors: New Perspective Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for New Perspective's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as New Perspective Fund, and traders can use it to determine the average amount a New Perspective'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 = 0.0513
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | RNPCX |
Estimated Market Risk
| 0.74 actual daily | 6 94% of assets are more volatile |
Expected Return
| 0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.05 actual daily | 4 96% of assets perform better |
Based on monthly moving average New Perspective is performing at about 4% 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 Perspective by adding it to a well-diversified portfolio.
New Perspective Fundamentals Growth
New Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of New Perspective, and New Perspective 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 | 21.93 X | ||||
| Price To Book | 3.19 X | ||||
| Price To Sales | 2.34 X | ||||
| Total Asset | 98.74 B | ||||
About New Perspective Performance
To evaluate New Perspective 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 Perspective 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 Perspective 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 seeks to take advantage of investment opportunities generated by changes in international trade patterns and economic and political relationships by investing in common stocks of companies located around the world. In pursuing its investment objective, it invests primarily in common stocks that the investment adviser believes have the potential for growth.Things to note about New Perspective performance evaluation
Checking the ongoing alerts about New Perspective for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for New Perspective 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 7.62% of its assets in cash |
- Analyzing New Perspective'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 Perspective's stock is overvalued or undervalued compared to its peers.
- Examining New Perspective'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 Perspective's management team can have a significant impact on its success or failure. Reviewing the track record and experience of New Perspective's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of New Perspective's mutual fund. These opinions can provide insight into New Perspective'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 Perspective 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 main economic indicators. Note that the New Perspective information on this page should be used as a complementary analysis to other New Perspective'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 Bonds Directory module to find actively traded corporate debentures issued by US companies.