As of 18 of August New World secures Risk Adjusted Performance of
(0.006731) and Mean Deviation of 0.9235. In connection with Fundamental Indicators, Macroaxis technical analysis interface lets you check existing technical drivers of New World Fund as well as the relationship between them. Strictly speaking you can use this information to find out if the organization will indeed mirror its model of past prices or the prices will eventually revert. We found nineteen technical drivers for New World which can be compared to its peers in the industry. Please verify New World Fund Coefficient Of Variation as well as the relationship between Treynor Ratio and Semi Variance to decide if New World Fund Inc Class R2 is priced some-what accurately providing market reflects its recent price of 64.41 per share.
|Horizon||30 Days Login to change|
New World Fund Technical Analysis
New World Fund Trend AnalysisUse this graph to draw trend lines for New World Fund Inc Class R2. You can use it to identify possible trend reversals for New World as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual New World price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
New World Best Fit Change LineThe following chart estimates an ordinary least squares regression model for New World Fund Inc Class R2 applied against its price change over selected period. The best fit line has a slop of 0.1 % which may suggest that New World Fund Inc Class R2 market price will keep on failing further. It has 78 observation points and a regression sum of squares at 102.02, which is the sum of squared deviations for the predicted New World price change compared to its average price change.
New World August 18, 2019 Technical Indicators
|Risk Adjusted Performance||(0.006731)|
|Market Risk Adjusted Performance||(0.011185)|
|Coefficient Of Variation||(9,109)|
|Total Risk Alpha||0.0135|
|Value At Risk||(1.83)|
New World Fund One Year Return
Based on recorded statements New World Fund Inc Class R2 has One Year Return of -1.71%. This is 375.81% lower than that of the American Funds family, and significantly lower than that of Diversified Emerging Mkts category, The One Year Return for all funds is 141.2% higher than the company.
New World August 18, 2019 Daily Price Condition
|Daily Balance Of Power||Huge|
|Rate Of Daily Change||1.01|
|Day Median Price||64.41|
|Day Typical Price||64.41|
|Price Action Indicator||0.39|