New Economy Fund Net Asset
| RNGFX Fund | USD 58.10 0.38 0.65% |
New Economy Fund fundamentals help investors to digest information that contributes to New Economy's financial success or failures. It also enables traders to predict the movement of New Mutual Fund. The fundamental analysis module provides a way to measure New Economy's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to New Economy mutual fund.
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New Economy Fund Mutual Fund Net Asset Analysis
New Economy's Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
Current New Economy Net Asset | 21.62 B |
Most of New Economy's fundamental indicators, such as Net Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, New Economy Fund is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.
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Based on the recorded statements, New Economy Fund has a Net Asset of 21.62 B. This is 73.33% lower than that of the American Funds family and significantly higher than that of the World Large-Stock Growth category. The net asset for all United States funds is notably lower than that of the firm.
New Net Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses New Economy's direct or indirect competition against its Net Asset to detect undervalued stocks with similar characteristics or determine the mutual funds which would be a good addition to a portfolio. Peer analysis of New Economy could also be used in its relative valuation, which is a method of valuing New Economy by comparing valuation metrics of similar companies.New Economy is currently under evaluation in net asset among similar funds.
Fund Asset Allocation for New Economy
The fund consists of 86.36% investments in stocks, with the rest of investments allocated between different money market instruments and various exotic instruments.Asset allocation divides New Economy's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
New Fundamentals
| Price To Earning | 20.80 X | ||||
| Price To Book | 2.36 X | ||||
| Price To Sales | 1.23 X | ||||
| Total Asset | 23.4 B | ||||
| Annual Yield | 0 % | ||||
| Year To Date Return | 7.24 % | ||||
| One Year Return | 25.46 % | ||||
| Three Year Return | 1.18 % | ||||
| Five Year Return | 9.68 % | ||||
| Ten Year Return | 14.08 % | ||||
| Net Asset | 21.62 B | ||||
| Cash Position Weight | 13.06 % | ||||
| Equity Positions Weight | 86.36 % |
About New Economy Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze New Economy Fund's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of New Economy using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of New Economy Fund based on its fundamental data. In general, a quantitative approach, as applied to this mutual fund, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards New Economy in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, New Economy's short interest history, or implied volatility extrapolated from New Economy options trading.
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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 Content Syndication module to quickly integrate customizable finance content to your own investment portal.