New World Fund Manager Performance Evaluation
| RNWFX Fund | USD 83.16 0.73 0.87% |
The fund secures a Beta (Market Risk) of 0.25, which conveys not very significant fluctuations relative to the market. As returns on the market increase, New World's returns are expected to increase less than the market. However, during the bear market, the loss of holding New World is expected to be smaller as well.
Risk-Adjusted Performance
3 of 100
Weak | Strong |
Modest
Compared to the overall equity markets, risk-adjusted returns on investments in New World Fund are ranked lower than 3 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong technical and fundamental indicators, New World is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
...more| Expense Ratio | 0.6200 |
New |
New World Relative Risk vs. Return Landscape
If you would invest 8,164 in New World Fund on September 12, 2024 and sell it today you would earn a total of 152.00 from holding New World Fund or generate 1.86% return on investment over 90 days. New World Fund is currently producing 0.0316% returns and takes up 0.6797% volatility of returns over 90 trading days. Put another way, 6% of traded mutual funds are less volatile than New, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
New World Current Valuation
Overvalued
Today
Please note that New World's price fluctuation is very steady at this time. At this time, the fund appears to be overvalued. New World Fund secures a last-minute Real Value of $82.13 per share. The latest price of the fund is $83.16. We determine the value of New World 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 World is currently traded on the exchange, buyers and sellers on that exchange determine the market value of New Mutual Fund. However, New World'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 83.16 | Real 82.13 | Hype 83.89 | Naive 85.27 |
The intrinsic value of New World'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 World'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 World 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 World more accurately as focusing exclusively on New World's fundamentals will not take into account other important factors: New World Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for New World's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as New World Fund, and traders can use it to determine the average amount a New World'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 = 0.0464
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | RNWFX |
Estimated Market Risk
| 0.68 actual daily | 6 94% of assets are more volatile |
Expected Return
| 0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.05 actual daily | 3 97% of assets perform better |
Based on monthly moving average New World is performing at about 3% 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 World by adding it to a well-diversified portfolio.
New World Fundamentals Growth
New Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of New World, and New World 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 | 18.23 X | ||||
| Price To Book | 2.07 X | ||||
| Price To Sales | 1.65 X | ||||
| Total Asset | 62.12 B | ||||
About New World Performance
Evaluating New World's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if New World 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 World 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 of companies with significant exposure to countries with developing economies andor markets. Under normal market conditions, the fund invests at least 35 percent of its assets in equity and debt securities of issuers primarily based in qualified countries that have developing economies andor markets.Things to note about New World Fund performance evaluation
Checking the ongoing alerts about New World for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for New World 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 maintains about 9.22% of its assets in cash |
- Analyzing New World'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 World's stock is overvalued or undervalued compared to its peers.
- Examining New World'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 World's management team can have a significant impact on its success or failure. Reviewing the track record and experience of New World's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of New World's mutual fund. These opinions can provide insight into New World's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in New Mutual Fund
New World 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 World security.
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