Qorvo, Inc.s Intrinsic Value Is Potentially 58 percent Above Its Share Price
| RNGHX Fund | USD 57.71 0.05 0.09% |
Slightly above 56% of New Economy's investor base is looking to short. The analysis of overall sentiment of trading New Economy Fund mutual fund suggests that many investors are alarmed at this time. New Economy's investor sentiment overview provides quick insight into current market opportunities from investing in New Economy Fund. The current market sentiment, together with New Economy's historical and current headlines, can help investors time the market. In addition, many technical investors use New Economy Fund fund news signals to limit their universe of possible portfolio assets and to time the market correctly.
New Economy mutual fund news, alerts, and headlines are usually related to its technical, predictive, social, and fundamental indicators. It can reflect on the current distribution of New daily returns and investor perception about the current price of New Economy Fund as well as its diversification or hedging effects on your existing portfolios.
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Key Insights Qorvos estimated fair value is US181 based on 2 Stage Free Cash Flow to Equity Qorvos US114 share...
Read at finance.yahoo.com
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New Economy Fundamental Analysis
We analyze New Economy'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 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.
Three Year Return
Three Year Return Comparative Analysis
New Economy is rated second largest fund in three year return among similar funds. Tree Year Return shows the total annualized return generated from holding a fund or ETFs for the last three years. The return measure includes capital appreciation, losses, dividends paid, and all capital gains distributions. This return indicator is considered by many investors to be solid measures of fund mid-term performance.
New Economy Fund Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with New Economy mutual fund to make a market-neutral strategy. 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 with similar companies.
Peers
New Economy Related Equities
| RNEBX | New World | 0.43 | ||||
| AMECX | Income Fund | 0.42 | ||||
| AMFFX | American Mutual | 0.38 | ||||
| AMFCX | American Mutual | 0.37 | ||||
| RNCCX | American Funds | 0.32 | ||||
| FPPPX | American Funds | 0.11 | ||||
| RNGHX | New Economy | 0.09 | ||||
| RNGBX | New Economy | 0.1 | ||||
| RNGFX | New Economy | 0.10 |
Check out New Economy Hype Analysis, New Economy Correlation and New Economy Performance. 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 Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.