New Economy Competition

RNGCX Fund  USD 57.51  0.14  0.24%   
New Economy Fund competes with Income Fund, American Funds, American Mutual, American Mutual, and American Funds; as well as few others. The fund is listed under World Large-Stock Growth category and is part of American Funds family. Analyzing New Economy competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of New Economy to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out New Economy Correlation with its peers.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of New Economy competition on your existing holdings.
  
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Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of New Economy'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.
Hype
Prediction
LowEstimatedHigh
56.6557.5158.37
Details
Intrinsic
Valuation
LowRealHigh
53.8454.7063.26
Details
Naive
Forecast
LowNextHigh
56.8057.6658.51
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
57.3357.4457.55
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as New Economy. Your research has to be compared to or analyzed against New Economy's peers to derive any actionable benefits. When done correctly, New Economy's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in New Economy Fund.

New Economy Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between New Economy and its competitors represents the degree of relationship between the price movements of corresponding funds. A correlation of about +1.0 implies that the price of New and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of New Economy Fund does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
RNGCXREITX
AMFFXAMFCX
REITXAMFFX
RNGCXAMFFX
REITXAMFCX
RNGCXAMFCX
  
High negative correlations   
RNGCXFPPPX
FPPPXAMFFX
REITXFPPPX

Risk-Adjusted Indicators

There is a big difference between New Mutual Fund performing well and New Economy Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze New Economy's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
AMECX  0.32 (0.02)(0.13) 0.09  0.27 
 0.71 
 1.90 
REJTX  0.35  0.05 (0.10)(0.91) 0.63 
 0.57 
 7.69 
AMFCX  0.37  0.11 (0.09)(0.34) 0.40 
 0.79 
 2.03 
AMFFX  0.36  0.01 (0.04) 0.14  0.21 
 0.85 
 2.05 
RNCCX  0.31  0.04 (0.16)(6.67) 0.44 
 0.56 
 4.11 
FPPPX  0.15 (0.01)(0.55)(0.23) 0.18 
 0.32 
 0.96 
REITX  0.59  0.17  0.06 (3.78) 0.46 
 1.14 
 8.85 
RNGCX  0.64  0.18  0.07 (3.40) 0.46 
 1.62 
 4.13 
AMHIX  0.14  0.00 (0.42) 0.16  0.09 
 0.34 
 1.28 
TEBCX  0.10 (0.01) 0.00  0.53  0.00 
 0.24 
 1.05 

New Economy Competitive Analysis

The better you understand New Economy competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, New Economy's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across New Economy's competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
RNGCXAMECXREJTXAMFCXAMFFXRNCCXFPPPXREITXAMHIXTEBCX
 0.24 
 57.51 
New
 0.87 
 24.22 
Income
 0.49 
 12.34 
American
 1.33 
 53.30 
American
 1.33 
 53.95 
American
 0.62 
 12.94 
American
 0.11 
 9.37 
American
 0.65 
 20.27 
American
 0.07 
 15.08 
American
 0.16 
 12.38 
Tax
Market Volatility
(90 Days Market Risk)
Market Performance
(90 Days Performance)
Odds of Financial Distress
(Probability Of Bankruptcy)
Current Valuation
(Equity Enterprise Value)
Buy or Sell Advice
(Average Analysts Consensus)
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Trade Advice
(90 Days Macroaxis Advice)
Net Asset
Minimum Initial Investment
Price To Book
Five Year Return
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Last Dividend Paid
Price To Earning
Price To Sales
Cash Position Weight
Equity Positions Weight
Three Year Return
Annual Yield
Year To Date Return
Bond Positions Weight
Ten Year Return
Day Typical Price
Daily Balance Of Power
Period Momentum Indicator
Rate Of Daily Change
Day Median Price
Price Action Indicator
Relative Strength Index
Coefficient Of Variation
Mean Deviation
Jensen Alpha
Total Risk Alpha
Sortino Ratio
Downside Variance
Standard Deviation
Kurtosis
Potential Upside
Treynor Ratio
Maximum Drawdown
Variance
Market Risk Adjusted Performance
Risk Adjusted Performance
Skewness
Semi Deviation
Information Ratio
Value At Risk
Expected Short fall
Downside Deviation
Semi Variance

New Economy Competition Performance Charts

Five steps to successful analysis of New Economy Competition

New Economy's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by New Economy Fund in relation to its competition. New Economy's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of New Economy in the market, both direct and indirect, as well as new entrants and disruptive technologies.
  • Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
  • Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact New Economy's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to New Economy Fund, and developing a strategy to address them.
  • Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your New Economy position

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Check out New Economy Correlation with its peers.
Note that the New Economy Fund information on this page should be used as a complementary analysis to other New Economy'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 Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.

Complementary Tools for New Mutual Fund analysis

When running New Economy's price analysis, check to measure New Economy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy New Economy is operating at the current time. Most of New Economy's value examination focuses on studying past and present price action to predict the probability of New Economy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move New Economy's price. Additionally, you may evaluate how the addition of New Economy to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between New Economy's value and its price as these two are different measures arrived at by different means. Investors typically determine if New Economy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, New Economy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.