New Economy Fund Probability of Future Mutual Fund Price Finishing Over 56.85

CNGFX Fund  USD 68.44  0.66  0.97%   
New Economy's future price is the expected price of New Economy instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of New Economy Fund performance during a given time horizon utilizing its historical volatility. Check out New Economy Backtesting, Portfolio Optimization, New Economy Correlation, New Economy Hype Analysis, New Economy Volatility, New Economy History as well as New Economy Performance.
  
Please specify New Economy's target price for which you would like New Economy odds to be computed.

New Economy Target Price Odds to finish over 56.85

The tendency of New Mutual Fund price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
Current PriceHorizonTarget PriceOdds to stay above $ 56.85  in 90 days
 68.44 90 days 56.85 
close to 99
Based on a normal probability distribution, the odds of New Economy to stay above $ 56.85  in 90 days from now is close to 99 (This New Economy Fund probability density function shows the probability of New Mutual Fund to fall within a particular range of prices over 90 days) . Probability of New Economy Fund price to stay between $ 56.85  and its current price of $68.44 at the end of the 90-day period is about 97.0 .
Assuming the 90 days horizon New Economy has a beta of 0.79 suggesting as returns on the market go up, New Economy average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding New Economy Fund will be expected to be much smaller as well. Additionally New Economy Fund has an alpha of 0.0511, implying that it can generate a 0.0511 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta).
   New Economy Price Density   
       Price  

Predictive Modules for New Economy

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as New Economy Fund. Regardless of method or technology, however, to accurately forecast the mutual fund market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the mutual fund market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
Hype
Prediction
LowEstimatedHigh
67.6468.4469.24
Details
Intrinsic
Valuation
LowRealHigh
67.7568.5569.35
Details
Naive
Forecast
LowNextHigh
67.7368.5469.34
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
64.6666.8769.08
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as New Economy. Your research has to be compared to or analyzed against New Economy's peers to derive any actionable benefits. When done correctly, New Economy's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in New Economy Fund.

New Economy Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. New Economy is not an exception. The market had few large corrections towards the New Economy's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold New Economy Fund, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of New Economy within the framework of very fundamental risk indicators.
α
Alpha over Dow Jones
0.05
β
Beta against Dow Jones0.79
σ
Overall volatility
1.43
Ir
Information ratio 0.04

New Economy Alerts and Suggestions

In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of New Economy for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for New Economy Fund can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
The fund holds about 13.06% of its assets under management (AUM) in cash

New Economy Technical Analysis

New Economy's future price can be derived by breaking down and analyzing its technical indicators over time. New Mutual Fund technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of New Economy Fund. In general, you should focus on analyzing New Mutual Fund price patterns and their correlations with different microeconomic environments and drivers.

New Economy Predictive Forecast Models

New Economy's time-series forecasting models is one of many New Economy's mutual fund analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary New Economy's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the mutual fund market movement and maximize returns from investment trading.

Things to note about New Economy Fund

Checking the ongoing alerts about New Economy for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for New Economy Fund help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
The fund holds about 13.06% of its assets under management (AUM) in cash

Other Information on Investing in New Mutual Fund

New Economy financial ratios help investors to determine whether New Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in New with respect to the benefits of owning New Economy security.
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