New World Financials
| RNEBX Fund | USD 74.13 0.74 0.99% |
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Please note that past performance is not an indicator of the future performance of New World, its manager's success, or the effectiveness of its strategy. The performance results shown here may have been adversely or favorably impacted by events and economic conditions that may not prevail in the future. Therefore, you must use caution to infer that these results indicate any fund, manager, or strategy's future performance. Investment returns and principal value will fluctuate so that investors' shares, when sold, may be worth more or less than their original cost.
New World Fund Summary
New World competes with Income Fund, American Mutual, American Mutual, American Funds, and American Funds. 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.Specialization | Diversified Emerging Mkts, Large Growth |
| Instrument | USA Mutual Fund View All |
| Exchange | NMFQS Exchange |
| Business Address | New World Fund |
| Mutual Fund Family | American Funds |
| Mutual Fund Category | Diversified Emerging Mkts |
| Benchmark | NYSE Composite |
| Phone | 800 421 4225 |
| Currency | USD - US Dollar |
You should never invest in New World Fund without having analyzed available financial metrics that contribute to the net asset value (NAV) of the fund. Do not rely on someone else's analysis or guesses about the future performance of New Mutual Fund, because this is throwing your money away. Analyzing the key information contained in New World's prospectus and an annual reports, can give you an edge over other investors and help to ensure that your investments perform well for you.
New World Key Financial Ratios
Generally speaking, New World's financial ratios allow both analysts and investors to convert raw data from New World's financial statements into concise, actionable information that can be used to evaluate the performance of New World over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that New World Fund reports annually and quarterly.New Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining New World's current stock value. Our valuation model uses many indicators to compare New World value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across New World competition to find correlations between indicators driving New World's intrinsic value. More Info.New World Fund is rated top fund in price to earning among similar funds. It is rated top fund in price to book among similar funds fabricating about 0.11 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for New World Fund is roughly 8.81 . Comparative valuation analysis is a catch-all model that can be used if you cannot value New World by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for New World's Mutual Fund. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the New World's earnings, one of the primary drivers of an investment's value.New World Fund Systematic Risk
New World's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. New World volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Beta measures systematic risk based on how returns on New World Fund correlated with the market. If Beta is less than 0 New World generally moves in the opposite direction as compared to the market. If New World Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one New World Fund is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of New World is generally in the same direction as the market. If Beta > 1 New World moves generally in the same direction as, but more than the movement of the benchmark.
New World April 19, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of New World help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of New World Fund. We use our internally-developed statistical techniques to arrive at the intrinsic value of New World Fund based on widely used predictive technical indicators. In general, we focus on analyzing New Mutual Fund price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build New World's daily price indicators and compare them against related drivers.
| Downside Deviation | 0.6822 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 3.28 | |||
| Value At Risk | (0.93) | |||
| Potential Upside | 0.9901 |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in New World 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 bureau of labor statistics. Note that the New World Fund information on this page should be used as a complementary analysis to other New World'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 Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.