New Perspective Fund Market Value
| RPEBX Fund | USD 56.61 0.20 0.35% |
| Symbol | New |
New Perspective 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to New Perspective's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of New Perspective.
| 06/28/2022 |
| 04/18/2024 |
If you would invest 0.00 in New Perspective on June 28, 2022 and sell it all today you would earn a total of 0.00 from holding New Perspective Fund or generate 0.0% return on investment in New Perspective over 660 days. New Perspective is related to or competes with American Funds, American Funds, New Perspective, and New Perspective. The fund seeks to take advantage of investment opportunities generated by changes in international trade patterns and ec... More
New Perspective Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure New Perspective's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess New Perspective Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7165 | |||
| Information Ratio | 0.0209 | |||
| Maximum Drawdown | 3.72 | |||
| Value At Risk | (1.11) | |||
| Potential Upside | 1.17 |
New Perspective Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for New Perspective's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as New Perspective's standard deviation. In reality, there are many statistical measures that can use New Perspective historical prices to predict the future New Perspective's volatility.| Risk Adjusted Performance | 0.0622 | |||
| Jensen Alpha | 0.0149 | |||
| Total Risk Alpha | 0.0079 | |||
| Sortino Ratio | 0.0214 | |||
| Treynor Ratio | 0.0603 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of New Perspective's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
New Perspective Backtested Returns
We consider New Perspective very steady. New Perspective has Sharpe Ratio of 0.0965, which conveys that the entity had a 0.0965% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for New Perspective, which you can use to evaluate the volatility of the fund. Please verify New Perspective's Risk Adjusted Performance of 0.0622, downside deviation of 0.7165, and Mean Deviation of 0.5687 to check out if the risk estimate we provide is consistent with the expected return of 0.0693%. The fund secures a Beta (Market Risk) of 1.01, which conveys a somewhat significant risk relative to the market. New Perspective returns are very sensitive to returns on the market. As the market goes up or down, New Perspective is expected to follow.
Auto-correlation | 0.70 |
Good predictability
New Perspective Fund has good predictability. Overlapping area represents the amount of predictability between New Perspective time series from 28th of June 2022 to 24th of May 2023 and 24th of May 2023 to 18th of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of New Perspective price movement. The serial correlation of 0.7 indicates that around 70.0% of current New Perspective price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 10.98 |
New Perspective lagged returns against current returns
Autocorrelation, which is New Perspective mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting New Perspective's mutual fund expected returns. We can calculate the autocorrelation of New Perspective returns to help us make a trade decision. For example, suppose you find that New Perspective has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
New Perspective regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If New Perspective mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if New Perspective mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in New Perspective mutual fund over time.
Current vs Lagged Prices |
| Timeline |
New Perspective Lagged Returns
When evaluating New Perspective's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of New Perspective mutual fund have on its future price. New Perspective autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, New Perspective autocorrelation shows the relationship between New Perspective mutual fund current value and its past values and can show if there is a momentum factor associated with investing in New Perspective Fund.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out New Perspective Correlation, New Perspective Volatility and New Perspective Alpha and Beta module to complement your research on New Perspective. Note that the New Perspective information on this page should be used as a complementary analysis to other New Perspective's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
New Perspective technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.