New Economy Fund Manager Performance Evaluation
| CNGFX Fund | USD 68.44 0.66 0.97% |
The fund secures a Beta (Market Risk) of 0.12, which conveys not very significant fluctuations relative to the market. As returns on the market increase, New Economy's returns are expected to increase less than the market. However, during the bear market, the loss of holding New Economy is expected to be smaller as well.
Risk-Adjusted Performance
12 of 100
Weak | Strong |
Good
Compared to the overall equity markets, risk-adjusted returns on investments in New Economy Fund are ranked lower than 12 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak technical and fundamental indicators, New Economy may actually be approaching a critical reversion point that can send shares even higher in January 2025.
...more| Expense Ratio | 0.8700 |
New |
New Economy Relative Risk vs. Return Landscape
If you would invest 6,329 in New Economy Fund on September 15, 2024 and sell it today you would earn a total of 515.00 from holding New Economy Fund or generate 8.14% return on investment over 90 days. New Economy Fund is currently producing 0.1255% returns and takes up 0.8102% volatility of returns over 90 trading days. Put another way, 7% of traded mutual funds are less volatile than New, and 98% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
New Economy Current Valuation
Fairly Valued
Today
Please note that New Economy's price fluctuation is very steady at this time. At this time, the fund appears to be fairly valued. New Economy Fund secures a last-minute Real Value of $67.88 per share. The latest price of the fund is $68.44. We determine the value of New Economy Fund from analyzing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we recommend acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will merge together.
Since New Economy is currently traded on the exchange, buyers and sellers on that exchange determine the market value of New Mutual Fund. However, New Economy's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 68.44 | Real 67.88 | Hype 68.44 |
The intrinsic value of New Economy's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence New Economy's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of New Economy Fund helps investors to forecast how New mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of New Economy more accurately as focusing exclusively on New Economy's fundamentals will not take into account other important factors: New Economy Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for New Economy's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as New Economy Fund, and traders can use it to determine the average amount a New Economy's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.155
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| Cash | CNGFX | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 0.81 actual daily | 7 93% of assets are more volatile |
Expected Return
| 0.13 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.16 actual daily | 12 88% of assets perform better |
Based on monthly moving average New Economy is performing at about 12% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of New Economy by adding it to a well-diversified portfolio.
New Economy Fundamentals Growth
New Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of New Economy, and New Economy fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on New Mutual Fund performance.
| Price To Earning | 20.80 X | ||||
| Price To Book | 2.36 X | ||||
| Price To Sales | 1.23 X | ||||
| Total Asset | 34.02 B | ||||
About New Economy Performance
Evaluating New Economy's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if New Economy has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if New Economy has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
The fund invests primarily in common stocks that the investment adviser believes have the potential for growth. It invests in securities of companies that can benefit from innovation, exploit new technologies or provide products and services that meet the demands of an evolving global economy. The fund may invest up to 50 percent of its assets outside the United States, including in developing countries.Things to note about New Economy Fund performance evaluation
Checking the ongoing alerts about New Economy for important developments is a great way to find new opportunities for your next move. Mutual Fund 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 |
- Analyzing New Economy's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether New Economy's stock is overvalued or undervalued compared to its peers.
- Examining New Economy's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating New Economy's management team can have a significant impact on its success or failure. Reviewing the track record and experience of New Economy's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of New Economy's mutual fund. These opinions can provide insight into New Economy's potential for growth and whether the stock is currently undervalued or overvalued.
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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