Whats next for Wesfarmers shares after cashing out 700 million from Coles?
| CNPAX Fund | USD 65.99 0.42 0.63% |
Slightly above 62% of New Perspective's investor base is looking to short. The analysis of overall sentiment of trading New Perspective Fund mutual fund suggests that many investors are alarmed at this time. New Perspective's investing sentiment can be driven by a variety of factors including economic data, New Perspective's earnings reports, geopolitical events, and overall market trends.
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Wesfarmers Ltd might have finally cashed out of its long holding of Coles. What will this ASX 200 giant spend its new money on
Read at fool.com.au
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New Perspective Fundamental Analysis
We analyze New Perspective's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of New Perspective using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of New Perspective 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.
Five Year Return
Five Year Return Comparative Analysis
New Perspective is currently under evaluation in five year return among similar funds. Five Year Return is considered one of the best measures to evaluate fund performance, especially from the mid and long term perspective. It shows the total annualized return generated from holding equity for the last five years and represents capital appreciation of the investment, including all dividends, losses, and capital gains distributions.
New Perspective 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 Perspective mutual fund to make a market-neutral strategy. Peer analysis of New Perspective could also be used in its relative valuation, which is a method of valuing New Perspective by comparing valuation metrics with similar companies.
Peers
New Perspective Related Equities
| MSTPX | Morningstar Municipal | 0.1 | ||||
| TMNIX | Counterpoint Tactical | 0.09 | ||||
| PRINX | T Rowe | 0.09 | ||||
| FYMNX | Nuveen Minnesota | 0.09 | ||||
| OKMUX | Oklahoma Municipal | 0.09 | ||||
| PRFHX | T Rowe | 0.18 |
Other Information on Investing in New Mutual Fund
New Perspective 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 Perspective security.
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| Fundamental Analysis View fundamental data based on most recent published financial statements |