New World Probability of Target Price Finishing Above 68.38

RNEBX -- USA Fund  

USD 69.68  0.76  1.08%

New World probability of target price tool provides mechanism to make assumptions about upside and downside potential of New World Fund Inc Class R2 performance during a given time horizon utilizing its historical volatility. Please specify New World time horizon, a valid symbol (red box) and a target price (blue box) you would like New World odds to be computed. Additionally take a look at New World Backtesting, Portfolio Optimization, New World Correlation, New World Hype Analysis, New World Volatility, New World History as well as New World Performance.
Horizon     30 Days    Login   to change
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New World Target Price Odds to finish below 68.38

Current PriceHorizonTarget PriceOdds to drop to $ 68.38  or more in 30 days
 69.68 30 days 68.38 
about 67.72
Based on normal probability distribution, the odds of New World to drop to $ 68.38  or more in 30 days from now is about 67.72 (This New World Fund Inc Class R2 probability density function shows the probability of New World Fund to fall within a particular range of prices over 30 days) . Probability of New World Fund price to stay between $ 68.38  and its current price of $69.68 at the end of the 30-day period is about 23.18 .
Assuming 30 trading days horizon, New World has beta of 0.775 . 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. Additionally The company has an alpha of 0.0395 implying that it can potentially generate 0.0395% excess return over DOW after adjusting for the inherited market risk (beta).
 New World Price Density 
      Price 
α
Alpha over DOW
=0.039481
β
Beta against DOW=0.78
σ
Overall volatility
=1.46
Ir
Information ratio =0.046037

New World Alerts and Suggestions

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The fund maintains about 8.44% of its assets in cash

New WorldPrice Density Drivers

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