New Perspective Fund Price on February 22, 2024
| NPFFX Fund | USD 60.76 0.38 0.63% |
Below is the normalized historical share price chart for New Perspective Fund extending back to April 04, 2001. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of New Perspective stands at 60.76, as last reported on the 15th of May 2024, with the highest price reaching 60.76 and the lowest price hitting 60.76 during the day.
If you're considering investing in New Mutual Fund, it is important to understand the factors that can impact its price. We consider New Perspective very steady. New Perspective has Sharpe Ratio of 0.11, which conveys that the entity had a 0.11% 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 Mean Deviation of 0.5917, downside deviation of 0.7118, and Risk Adjusted Performance of 0.0697 to check out if the risk estimate we provide is consistent with the expected return of 0.0791%.
New Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
New |
Sharpe Ratio = 0.1062
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Estimated Market Risk
| 0.75 actual daily | 6 94% of assets are more volatile |
Expected Return
| 0.08 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.11 actual daily | 8 92% of assets perform better |
Based on monthly moving average New Perspective is performing at about 8% 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 Perspective by adding it to a well-diversified portfolio.
New Perspective Valuation on February 22, 2024
It is possible to determine the worth of New Perspective on a given historical date. On February 22, 2024 New was worth 58.69 at the beginning of the trading date compared to the closed value of 58.69. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of New Perspective mutual fund. Still, in general, we apply an absolute valuation method to find New Perspective's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of New Perspective where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against New Perspective's related companies.
| Open | High | Low | Close | Volume | |
| 57.54 | 57.54 | 57.54 | 57.54 | 1.00 | |
02/22/2024 | 58.69 | 58.69 | 58.69 | 58.69 | 1.00 |
| 58.67 | 58.67 | 58.67 | 58.67 | 1.00 |
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New Perspective Trading Date Momentum on February 22, 2024
| On February 23 2024 New Perspective Fund was traded for 58.67 at the closing time. The highest daily price throughout the period was 58.67 and the lowest price was 58.67 . There was no trading activity during the period 1.0. Lack of trading volume on 02/23/2024 added to the next day price reduction. The trading delta at closing time to closing price of the next trading day was 0.03% . The trading delta at closing time to current closing price is 0.90% . |
New Perspective Fundamentals Correlations and Trends
By evaluating New Perspective's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among New Perspective's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. New financial account trend analysis is a perfect complement when working with valuation or volatility modules.About New Perspective Mutual Fund history
New Perspective investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for New is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in New Perspective will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing New Perspective stock prices may prove useful in developing a viable investing in New Perspective
The fund seeks to take advantage of investment opportunities generated by changes in international trade patterns and economic and political relationships by investing in common stocks of companies located around the world. In pursuing its investment objective, it invests primarily in common stocks that the investment adviser believes have the potential for growth.
New Perspective Mutual Fund Technical Analysis
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.
Price Boundaries
New Perspective Period Price Range
Low | February 22, 2024
| High |
58.69 | 58.69 |
New Perspective May 15, 2024 Market Strength
Market strength indicators help investors to evaluate how New Perspective mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading New Perspective shares will generate the highest return on investment. By undertsting and applying New Perspective mutual fund market strength indicators, traders can identify New Perspective Fund entry and exit signals to maximize returns
New Perspective Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for New Perspective's price direction in advance. Along with the technical and fundamental analysis of New Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of New to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0697 | |||
| Jensen Alpha | 0.0679 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0021 | |||
| Treynor Ratio | 0.863 |
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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in New Perspective Fund. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in census. 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 Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.