New Economy Fund Fundamentals

RNGEX Fund  USD 59.19  0.14  0.24%   
New Economy Fund fundamentals help investors to digest information that contributes to New Economy's financial success or failures. It also enables traders to predict the movement of New Mutual Fund. The fundamental analysis module provides a way to measure New Economy's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to New Economy mutual fund.
  
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

New Cash Position Weight Analysis

New Economy's Percentage of fund asset invested in cash equivalents or risk-free instruments. About 40% of all global funds carry cash on their balance sheet.

Cash Percentage

 = 

% of Cash

in the fund

More About Cash Position Weight | All Equity Analysis

Current New Economy Cash Position Weight

    
  13.06 %  
Most of New Economy's fundamental indicators, such as Cash Position Weight, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, New Economy Fund is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Funds or ETFs that have over 40% of their value invested in low-risk instruments or cash equivalents typically attract conservative investors.
Competition

New Economy Cash Position Weight Component Assessment

In accordance with the recently published financial statements, New Economy Fund has 13.06% in Cash Position Weight. This is 98.18% higher than that of the American Funds family and significantly higher than that of the Family category. The cash position weight for all United States funds is notably lower than that of the firm.

New Economy Fund Fundamental Drivers Relationships

Comparative valuation techniques use various fundamental indicators to help in determining New Economy's current stock value. Our valuation model uses many indicators to compare New Economy value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across New Economy competition to find correlations between indicators driving New Economy's intrinsic value. More Info.
New Economy Fund is rated fourth largest fund in cash position weight among similar funds. It is rated fourth largest fund in price to book among similar funds fabricating about  0.20  of Price To Book per Cash Position Weight. The ratio of Cash Position Weight to Price To Book for New Economy Fund is roughly  5.10 . Comparative valuation analysis is a catch-all model that can be used if you cannot value New Economy by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for New Economy'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 Economy's earnings, one of the primary drivers of an investment's value.

New Annual Yield Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses New Economy's direct or indirect competition against its Annual Yield to detect undervalued stocks with similar characteristics or determine the mutual funds which would be a good addition to a portfolio. Peer analysis of New Economy could also be used in its relative valuation, which is a method of valuing New Economy by comparing valuation metrics of similar companies.
New Economy is currently under evaluation in annual yield among similar funds.

Fund Asset Allocation for New Economy

The fund consists of 86.36% investments in stocks, with the rest of investments allocated between different money market instruments and various exotic instruments.
Asset allocation divides New Economy's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.

New Fundamentals

About New Economy Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze New Economy Fund's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of New Economy using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of New Economy Fund based on its fundamental data. In general, a quantitative approach, as applied to this mutual fund, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
The fund invests primarily in common stocks that the investment adviser believes have the potential for growth. It invests in securities of companies that can benefit from innovation, exploit new technologies or provide products and services that meet the demands of an evolving global economy. The fund may invest up to 50 percent of its assets outside the United States, including in developing countries.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards New Economy in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, New Economy's short interest history, or implied volatility extrapolated from New Economy options trading.

Currently Active Assets on Macroaxis

Check out New Economy Piotroski F Score and New Economy Altman Z Score analysis.
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 Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.

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.