New World Market Risk Adjusted Performance

RNWAX Fund  USD 78.17  0.34  0.44%   
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New World Fund has current Market Risk Adjusted Performance of 0.0843.

MRAP

 = 

ER[a] + (1/BETA - 1)

X

ER[a] - RFR)

 = 
0.0843
ER[a] = Expected return on investing in New World
RFR = Risk Free Rate of return. Typically T-Bill Rate
BETA = Beta of the asset with market or selected benchmark.

New World Market Risk Adjusted Performance Peers Comparison

New Market Risk Adjusted Performance Relative To Other Indicators

New World Fund is rated below average in market risk adjusted performance among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about  44.98  of Maximum Drawdown per Market Risk Adjusted Performance. The ratio of Maximum Drawdown to Market Risk Adjusted Performance for New World Fund is roughly  44.98 
Compare New World to Peers

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