New World Fund Probability of Future Mutual Fund Price Finishing Under 59.74

RNEBX Fund  USD 77.33  0.22  0.29%   
New World's future price is the expected price of New World instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of New World Fund performance during a given time horizon utilizing its historical volatility. Check out New World Backtesting, Portfolio Optimization, New World Correlation, New World Hype Analysis, New World Volatility, New World History as well as New World Performance.
  
Please specify New World's target price for which you would like New World odds to be computed.

New World Target Price Odds to finish below 59.74

The tendency of New Mutual Fund price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
Current PriceHorizonTarget PriceOdds to drop to $ 59.74  or more in 90 days
 77.33 90 days 59.74 
near 1
Based on a normal probability distribution, the odds of New World to drop to $ 59.74  or more in 90 days from now is near 1 (This New World Fund probability density function shows the probability of New Mutual Fund to fall within a particular range of prices over 90 days) . Probability of New World Fund price to stay between $ 59.74  and its current price of $77.33 at the end of the 90-day period is more than 93.0 .
Assuming the 90 days horizon New World has a beta of 0.8 indicating as returns on the market go up, New World average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding New World Fund will be expected to be much smaller as well. Additionally New World Fund has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
   New World Price Density   
       Price  

Predictive Modules for New World

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as New World Fund. Regardless of method or technology, however, to accurately forecast the mutual fund market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the mutual fund market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of New World's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
76.7377.3377.93
Details
Intrinsic
Valuation
LowRealHigh
76.0576.6585.06
Details
Naive
Forecast
LowNextHigh
76.5777.1677.76
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
77.0277.2077.39
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as New World. Your research has to be compared to or analyzed against New World's peers to derive any actionable benefits. When done correctly, New World's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in New World Fund.

New World Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. New World is not an exception. The market had few large corrections towards the New World's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold New World Fund, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of New World within the framework of very fundamental risk indicators.
α
Alpha over NYSE Composite
-0.02
β
Beta against NYSE Composite0.80
σ
Overall volatility
1.83
Ir
Information ratio -0.07

New World Alerts and Suggestions

In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of New World for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for New World Fund can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
The fund generated three year return of -1.0%
New World Fund maintains about 9.22% of its assets in cash

New World Technical Analysis

New World's future price can be derived by breaking down and analyzing its technical indicators over time. New Mutual Fund technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of New World Fund. In general, you should focus on analyzing New Mutual Fund price patterns and their correlations with different microeconomic environments and drivers.

New World Predictive Forecast Models

New World's time-series forecasting models is one of many New World's mutual fund analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary New World's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the mutual fund market movement and maximize returns from investment trading.

Things to note about New World Fund

Checking the ongoing alerts about New World for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for New World 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 generated three year return of -1.0%
New World Fund maintains about 9.22% of its assets in cash
Check out New World Backtesting, Portfolio Optimization, New World Correlation, New World Hype Analysis, New World Volatility, New World History as well as New World Performance.
Note that the New World Fund information on this page should be used as a complementary analysis to other New World'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 Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.

Complementary Tools for New Mutual Fund analysis

When running New World's price analysis, check to measure New World'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 World is operating at the current time. Most of New World's value examination focuses on studying past and present price action to predict the probability of New World'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 World's price. Additionally, you may evaluate how the addition of New World to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between New World's value and its price as these two are different measures arrived at by different means. Investors typically determine if New World is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, New World's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.