New World Fund Price on January 10, 2024
| RNWBX Fund | USD 76.64 1.28 1.70% |
Below is the normalized historical share price chart for New World Fund extending back to May 31, 2002. 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 World stands at 76.64, as last reported on the 6th of June, with the highest price reaching 76.64 and the lowest price hitting 76.64 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 World very steady. New World Fund has Sharpe Ratio of 0.0656, which conveys that the entity had a 0.0656% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for New World, which you can use to evaluate the volatility of the fund. Please verify New World's Risk Adjusted Performance of 0.0249, mean deviation of 0.4898, and Downside Deviation of 0.7606 to check out if the risk estimate we provide is consistent with the expected return of 0.0447%.
New Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
New |
Sharpe Ratio = 0.0656
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| Negative Returns | RNWBX |
Estimated Market Risk
| 0.68 actual daily | 6 94% of assets are more volatile |
Expected Return
| 0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average New World is performing at about 5% 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 Valuation on January 10, 2024
It is possible to determine the worth of New World on a given historical date. On January 10, 2024 New was worth 70.81 at the beginning of the trading date compared to the closed value of 70.81. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of New World mutual fund. Still, in general, we apply an absolute valuation method to find New World'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 World where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against New World's related companies.
| Open | High | Low | Close | Volume | |
| 70.62 | 70.62 | 70.62 | 70.62 | 1.00 | |
01/10/2024 | 70.81 | 70.81 | 70.81 | 70.81 | 1.00 |
| 70.93 | 70.93 | 70.93 | 70.93 | 1.00 |
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New World Trading Date Momentum on January 10, 2024
| On January 11 2024 New World Fund was traded for 70.93 at the closing time. The highest daily price throughout the period was 70.93 and the lowest price was 70.93 . There was no trading activity during the period 1.0. Lack of trading volume on 01/11/2024 added to the next day price jump. The trading delta at closing time to closing price of the next trading day was 0.17% . The trading delta at closing time to current closing price is 0.69% . |
New World Fund Fundamentals Correlations and Trends
By evaluating New World'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 World'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 World Mutual Fund history
New World 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 World Fund 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 World stock prices may prove useful in developing a viable investing in New World
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.
New World Mutual Fund Technical Analysis
New World 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 World Period Price Range
Low | January 10, 2024
| High |
70.81 | 70.81 |
New World June 6, 2024 Market Strength
Market strength indicators help investors to evaluate how New World 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 World shares will generate the highest return on investment. By undertsting and applying New World mutual fund market strength indicators, traders can identify New World Fund entry and exit signals to maximize returns
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 70.81 | |||
| Day Typical Price | 70.81 | |||
| Period Momentum Indicator | 5.83 | |||
| Relative Strength Index | 87.98 |
New World Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for New World'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 | 0.0249 | |||
| Jensen Alpha | 0.0148 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.3027 |
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| Volume Indicators |
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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