Morning Brew Microsofts Earnings Forecast Ignites Tech Sector Optimism
| 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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Today, the stock market is looking a bit down before it opens. Heres a quick summary The SP 500 futures dropped by 26 points, showing a decrease of 0.5.
Read at gurufocus.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.
Ten Year Return
Ten Year Return Comparative Analysis
New Economy is rated second largest fund in ten year return among similar funds. Ten Year Return shows the total annualized return generated from holding a fund for the last 10 years and represents fund's capital appreciation, including dividends losses and capital gains distributions. This return indicator is considered by many investors to be the ultimate measures of fund performance and can reflect the overall performance of the market or market segment it invests in.
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 Commodity Directory module to find actively traded commodities issued by global exchanges.