American Funds Potential Upside

ANFFX -- USA Fund  

USD 47.09  0.13  0.28%

American Funds potential-upside technical analysis lookup allows you to check this and other technical indicators for American Funds New Economy Fund or any other equities. You can select from a set of available technical indicators by clicking on the link to the right. Please note, not all equities are covered by this module due to inconsistencies in global equity categorizations and data normalization technicques. Please check also Equity Screeners to view more equity screening tools
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American Funds New Economy Fund has current Potential Upside of 1.4. Potential Upside is the amount of upward price movement an investor or an analyst expects of a particular equity instrument.
Potential Upside 
 = 
1PM 
2PM 
 = 
1.4
1PM =   First upper moment
2PM =   Second upper moment

Potential Upside Comparison

American Funds New Economy Fund is fourth largest fund in potential upside among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about  3.56  of Maximum Drawdown per Potential Upside. The ratio of Maximum Drawdown to Potential Upside for American Funds New Economy Fund is roughly  3.56 
Unlike using an educated guess on how high a stock could go calculate potential upside as the greater the potential dollar or percentage rise, the bigger the upside for the investment. Potential Upside is the reciprocal of the Value At Risk measure and can be interpreted as return on investment relative to minimal acceptable return.
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