Nasdaq Golden Dragon China Index Rises Over 1 percent Amid Broad Gains
CNGFX Fund | USD 68.44 0.66 0.97% |
Slightly above 50% of New Economy's investors are presently thinking to get in. The analysis of overall sentiment of trading New Economy Fund mutual fund suggests that some investors are interested at this time. New Economy's investing sentiment can be driven by a variety of factors including economic data, New Economy's earnings reports, geopolitical events, and overall market trends.
New |
Chinese stocks listed in the U.S. saw widespread gains as the Nasdaq Golden Dragon China Index increased by over 1. Among the components, Niu Technologies NIU
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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.
Equity Positions Weight
Equity Positions Weight Comparative Analysis
New Economy is currently under evaluation in equity positions weight among similar funds. Percentage of fund asset invested in equity instruments. About 80% of global funds and ETFs carry equity instruments on their balance sheet.
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
RNGFX | New Economy | 0.98 | ||||
RNGGX | New Economy | 0.97 | ||||
RNGHX | New Economy | 0.96 | ||||
AMFFX | American Mutual | 0.48 | ||||
AMFCX | American Mutual | 0.47 | ||||
AMECX | Income Fund | 0.31 | ||||
AMEFX | Income Fund | 0.31 | ||||
RNCCX | American Funds | 0.22 | ||||
FPPPX | American Funds | 0.21 | ||||
RNEBX | New World | 0.35 |
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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