New World Fund Manager Performance Evaluation
| RNWHX Fund | USD 80.70 0.22 0.27% |
The fund secures a Beta (Market Risk) of 0.88, which conveys possible diversification benefits within a given portfolio. New World returns are very sensitive to returns on the market. As the market goes up or down, New World is expected to follow.
Risk-Adjusted Performance
13 of 100
Weak | Strong |
Good
Compared to the overall equity markets, risk-adjusted returns on investments in New World Fund are ranked lower than 13 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak technical indicators, New World may actually be approaching a critical reversion point that can send shares even higher in June 2024.
...more| Expense Ratio | 0.7200 |
New |
New World Relative Risk vs. Return Landscape
If you would invest 7,541 in New World Fund on February 20, 2024 and sell it today you would earn a total of 529.00 from holding New World Fund or generate 7.01% return on investment over 90 days. New World Fund is currently producing 0.1081% returns and takes up 0.6485% volatility of returns over 90 trading days. Put another way, 5% of traded mutual funds are less volatile than New, and 98% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
New World Current Valuation
Undervalued
Today
Please note that New World's price fluctuation is out of control at this time. Based on Macroaxis valuation methodology, the fund cannot be evaluated at this time. New World Fund last-minute Real Value cannot be determined due to lack of data. The latest price of New World Fund is $80.7. We determine the value of New World Fund from analyzing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we recommend acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will merge together.
Our valuation method for New World Fund is useful when determining the fair value of the New mutual fund, which is usually determined by what a typical buyer is willing to pay for full or partial control of New World. Since New World is currently traded on the exchange, buyers and sellers on that exchange determine the market value of New Mutual Fund. However, New World's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 80.7 | Real 0.0 | Hype 0.0 | Naive 80.91 |
The real value of New Mutual Fund, also known as its intrinsic value, is the underlying worth of New World Fund Mutual Fund, which is reflected in its stock price. It is based on New World's financial performance, assets, liabilities, growth prospects, management team, or industry conditions. The intrinsic value of New World's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence New World's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of New World Fund helps investors to forecast how New mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of New World more accurately as focusing exclusively on New World's fundamentals will not take into account other important factors: New World Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for New World's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as New World Fund, and traders can use it to determine the average amount a New World's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1666
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| Cash | RNWHX | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 0.65 actual daily | 5 95% of assets are more volatile |
Expected Return
| 0.11 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.17 actual daily | 13 87% of assets perform better |
Based on monthly moving average New World is performing at about 13% 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 Fundamentals Growth
New Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of New World, and New World fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on New Mutual Fund performance.
| Total Asset | 62.12 B | ||||
About New World Performance
To evaluate New World Fund Mutual Fund as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when New World generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare New Mutual Fund's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand New World Fund market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents New's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.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.Things to note about New World Fund performance evaluation
Checking the ongoing alerts about New World for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for New World Fund help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| The fund generated three year return of 0.0% | |
| New World Fund maintains about 9.22% of its assets in cash |
- Analyzing New World's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether New World's stock is overvalued or undervalued compared to its peers.
- Examining New World's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating New World's management team can have a significant impact on its success or failure. Reviewing the track record and experience of New World's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of New World's mutual fund. These opinions can provide insight into New World's potential for growth and whether the stock is currently undervalued or overvalued.
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 rate. 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 Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.