New Economy Fund Analysis
| RNGHX Fund | USD 69.12 0.66 0.96% |
New Economy Fund is fairly valued with Real Value of 68.04 and Hype Value of 68.46. The main objective of New Economy fund analysis is to determine its intrinsic value, which is an estimate of what New Economy Fund is worth, separate from its market price. There are two main types of New Mutual Fund analysis: fundamental analysis and technical analysis. Fundamental analysis focuses on the financial and economic stability of New Economy Fund. On the other hand, technical analysis, focuses on the price and volume data of New Mutual Fund to identify patterns and trends that may indicate its future price movements.
The New Economy mutual fund is traded in the USA on NMFQS Exchange, with the market opening at 09:30:00 and closing at 16:00:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in the USA.
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New Mutual Fund Analysis Notes
The fund generated five year return of 12.0%. New Economy Fund maintains about 13.06% of assets in cash. Large Growth To find out more about New Economy Fund contact the company at 800-421-4225.New Economy Fund Investment Alerts
| The fund maintains about 13.06% of its assets in cash |
New Market Capitalization
The company currently falls under '' category with a current market capitalization of 0. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate New Economy's market, we take the total number of its shares issued and multiply it by New Economy's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.Top New Economy Fund Mutual Fund Constituents
| QRVO | Qorvo Inc | Stock | |
| MU | Micron Technology | Stock | |
| BLUE | Bluebird bio | Stock | |
| BABA | Alibaba Group Holding | Stock | |
| TMO | Thermo Fisher Scientific | Stock | |
| SWKS | Skyworks Solutions | Stock | |
| ABBV | AbbVie Inc | Stock | |
| UNH | UnitedHealth Group Incorporated | Stock | |
| TCTZF | Tencent Holdings | Pink Sheet | |
| NFLX | Netflix | Stock | |
| MSFT | Microsoft | Stock | |
| MA | Mastercard | Stock | |
| GOOG | Alphabet Inc Class C | Stock | |
| CDAY | Ceridian HCM Holding | Stock | |
| AVGO | Broadcom | Stock | |
| AMZN | Amazon Inc | Stock | |
| AMAT | Applied Materials | Stock |
Technical Drivers
As of the 14th of December 2024, New Economy secures the Risk Adjusted Performance of 0.1211, downside deviation of 0.8666, and Mean Deviation of 0.6046. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of New Economy Fund, as well as the relationship between them.New Economy Fund Price Movement Analysis
The output start index for this execution was twenty-nine with a total number of output elements of thirty-two. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. New Economy middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for New Economy Fund. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.
New Economy Predictive Daily Indicators
New Economy intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of New Economy mutual fund daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 69.12 | |||
| Day Typical Price | 69.12 | |||
| Price Action Indicator | 0.33 | |||
| Period Momentum Indicator | 0.66 |
New Economy Forecast Models
New Economy's time-series forecasting models are one of many New Economy's mutual fund analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary New Economy's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.About New Mutual Fund Analysis
Mutual Fund analysis is the technique used by a trader or investor to examine and evaluate how New Economy prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling New shares will generate the highest return on investment. We also built our fund analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Fund such as New Economy. By using and applying New Mutual Fund analysis, traders can create a robust methodology for identifying New entry and exit points for their positions.
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.
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As an investor, your ultimate goal is to build wealth. Optimizing your investment portfolio is an essential element in this goal. Using our mutual fund analysis tools, you can find out how much better you can do when adding New Economy to your portfolios without increasing risk or reducing expected return.Did you try this?
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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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