New World Competition

RNEBX Fund

USD 79.02 0.04 0.05%

New World Fund competes with Income Fund, American Mutual, American Mutual, and American Funds; as well as few others. The fund is listed under Diversified Emerging Mkts category and is part of American Funds family. Analyzing New World competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of New World to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out New World Correlation with its peers.

You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of New World competition on your existing holdings.

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Hype

Prediction

Low	Estimated	High
78.26	79.02	79.78

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Intrinsic

Valuation

Low	Real	High
78.72	79.48	80.24

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Naive

Forecast

Low	Next	High
76.47	77.22	77.98

Details

Bollinger

Band Projection (param)

Lower	Middle Band	Upper
77.65	79.49	81.33

Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as New World. Your research has to be compared to or analyzed against New World's peers to derive any actionable benefits. When done correctly, New World's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in New World Fund.

New World Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between New World and its competitors represents the degree of relationship between the price movements of corresponding funds. A correlation of about +1.0 implies that the price of New and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of New World Fund does not affect the price movement of the other competitor.

	AMECX	RNEBX	AMFCX	AMFFX	RNCCX	FPPPX	AMEFX	RNGGX	RNGFX	RNGHX
AMECX		0.65	0.98	0.98	0.9	-0.17	1.0	0.91	0.91	0.91	AMECX
RNEBX	0.65		0.57	0.56	0.8	0.27	0.65	0.48	0.48	0.48	RNEBX
AMFCX	0.98	0.57		1.0	0.86	-0.24	0.98	0.93	0.93	0.93	AMFCX
AMFFX	0.98	0.56	1.0		0.85	-0.25	0.98	0.93	0.93	0.93	AMFFX
RNCCX	0.9	0.8	0.86	0.85		0.25	0.89	0.71	0.71	0.71	RNCCX
FPPPX	-0.17	0.27	-0.24	-0.25	0.25		-0.17	-0.45	-0.45	-0.45	FPPPX
AMEFX	1.0	0.65	0.98	0.98	0.89	-0.17		0.91	0.91	0.91	AMEFX
RNGGX	0.91	0.48	0.93	0.93	0.71	-0.45	0.91		1.0	1.0	RNGGX
RNGFX	0.91	0.48	0.93	0.93	0.71	-0.45	0.91	1.0		1.0	RNGFX
RNGHX	0.91	0.48	0.93	0.93	0.71	-0.45	0.91	1.0	1.0		RNGHX
	AMECX	RNEBX	AMFCX	AMFFX	RNCCX	FPPPX	AMEFX	RNGGX	RNGFX	RNGHX

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High positive correlations

AMEFX	+ 1.0	AMECX
AMFFX	+ 1.0	AMFCX
RNGFX	+ 1.0	RNGGX
RNGHX	+ 1.0	RNGGX
RNGHX	+ 1.0	RNGFX
AMFCX	+ 0.98	AMECX

High negative correlations

RNGHX	- 0.45	FPPPX
RNGFX	- 0.45	FPPPX
RNGGX	- 0.45	FPPPX
FPPPX	- 0.25	AMFFX
FPPPX	- 0.24	AMFCX
AMEFX	- 0.17	FPPPX

Risk-Adjusted Indicators

There is a big difference between New Mutual Fund performing well and New World Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze New World's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
AMECX	0.32	(0.01)	(0.18)	0.10	0.30	(0.36)	0.70	(0.72)	2.01
RNEBX	0.56	(0.07)	0.00	(0.04)	0.00	0.00	1.27	(1.32)	3.78
AMFCX	0.46	(0.02)	(0.12)	0.09	0.42	(0.51)	0.90	(0.88)	2.68
AMFFX	0.46	(0.02)	(0.11)	0.09	0.42	(0.51)	0.91	(0.86)	2.68
RNCCX	0.25	(0.02)	(0.31)	0.05	0.26	(0.28)	0.52	(0.52)	1.42
FPPPX	0.11	(0.01)	0.00	0.43	0.00	0.00	0.21	(0.21)	0.84
AMEFX	0.33	(0.01)	(0.18)	0.10	0.32	(0.37)	0.70	(0.73)	2.01
RNGGX	0.67	(0.04)	(0.04)	0.08	0.96	(0.68)	1.46	(1.96)	4.07
RNGFX	0.67	(0.04)	(0.04)	0.08	0.97	(0.69)	1.47	(1.97)	4.06
RNGHX	0.67	(0.04)	(0.04)	0.08	0.96	(0.68)	1.47	(1.97)	4.07

Unable to evaluate fundamental data of [AMECX, RNEBX, AMFCX, AMFFX, RNCCX, FPPPX, AMEFX, RNGGX, RNGFX, RNGHX] at this time. Please try again later

All Fundamental Data

New World Competitive Analysis

The better you understand New World competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, New World's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across New World's competition over several years is one of the best ways to analyze its investment potential.

Better Than Average

Worse Than Peers

View Performance Chart

	RNEBX	AMECX	AMFCX	AMFFX	RNCCX	FPPPX	AMEFX	RNGGX	RNGFX	RNGHX
	0.05 79.02 New	0.42 26.09 Income	0.62 58.83 American	0.61 59.62 American	0.22 13.59 American	0.11 9.40 American	0.42 26.06 Income	0.57 67.60 New	0.58 67.90 New	0.56 66.71 New
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady
Market Performance (90 Days Performance)	Very Weak	OK	OK	OK	Insignificant	Very Weak	OK	Modest	Modest	Modest
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Low	Low	Low	Low	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Fairly Valued	Fairly Valued	Fairly Valued	Fairly Valued	Fairly Valued	Fairly Valued	Fairly Valued	Fairly Valued	Fairly Valued	Fairly Valued
Buy or Sell Advice (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Strong Hold	Strong Hold	Strong Hold	Strong Hold	Strong Hold	Cautious Hold	Strong Hold	Strong Hold	Strong Hold	Strong Hold
Net Asset	36.01 B	118.35 B	89.87 B	89.87 B	4.82 B	2.56 B	109.34 B	21.62 B	21.62 B	21.62 B
Minimum Initial Investment	N/A	N/A	N/A	N/A	N/A	N/A	250	N/A	N/A	N/A
Price To Book	2.07	2.93	3.02	3.02	2.67	N/A	2.93	2.61	2.36	N/A
Five Year Return	5.36	7.73	9.69	10.45	5.68	N/A	7.95	11.92	11.87	12.14
One Year Return	12.2	20.42	23.12	23.98	16.02	N/A	20.63	30.81	30.75	31.31
Last Dividend Paid	0.05	0.17	0.11	0.2	0.07	0.01	0.18	N/A	N/A	N/A
Price To Earning	18.23	19.48	4.44	4.46	17.31	N/A	19.48	22.08	20.8	N/A
Price To Sales	1.65	2.18	2.06	2.06	1.77	N/A	2.18	1.34	1.23	N/A
Cash Position Weight	9.22	9.79	9.92	9.92	5.37	7.5	4.78	13.06	13.06	13.06
Equity Positions Weight	86.94	64.65	89.77	89.77	45.0	0.17	73.5	86.36	86.36	86.36
Three Year Return	-1.69	5.7	7.37	8.12	3.29	N/A	5.93	2.66	2.61	3.9
Annual Yield	0.0086	0.0333	0.0121	0.018	0.0351	N/A	0.0353	0.0045	0.0041	0.0035
Year To Date Return	7.28	13.64	16.51	17.21	9.25	N/A	13.88	22.44	22.37	24.25
Bond Positions Weight	3.24	3.17	N/A	N/A	7.31	7.4	20.12	N/A	N/A	N/A
Ten Year Return	5.46	8.23	9.91	10.71	N/A	N/A	8.42	14.13	14.08	13.84
Day Typical Price	79.02	26.09	58.83	59.62	13.59	9.4	26.06	67.6	67.9	66.71
Daily Balance Of Power	9.2 T	9.2 T	9.2 T	9.2 T	9.2 T	(9,223,372,036,855)	9.2 T	9.2 T	9.2 T	9.2 T
Period Momentum Indicator	0.04	0.11	0.36	0.36	0.03	(0.01)	0.11	0.38	0.39	0.37
Rate Of Daily Change	1.0	1.0	1.01	1.01	1.0	1.0	1.0	1.01	1.01	1.01
Day Median Price	79.02	26.09	58.83	59.62	13.59	9.4	26.06	67.6	67.9	66.71
Price Action Indicator	0.02	0.055	0.18	0.18	0.015	(0.01)	0.055	0.19	0.2	0.18
Relative Strength Index	53.97	61.41	61.05	61.37	60.22	45.71	61.4	67.4	67.28	67.38
Coefficient Of Variation	(11,956)	749.9	818.79	792.53	1162.21	(4,760)	751.87	1082.74	1086.86	1093.19
Mean Deviation	0.5567	0.3232	0.4573	0.4577	0.2529	0.1127	0.3303	0.6716	0.6738	0.6717
Jensen Alpha	(0.07)	(0.01)	(0.02)	(0.02)	(0.02)	(0.01)	(0.01)	(0.04)	(0.04)	(0.04)
Total Risk Alpha	(0.14)	(0.02)	(0.03)	(0.03)	(0.03)	(0.04)	(0.02)	(0.07)	(0.07)	(0.07)
Sortino Ratio	N/A	(0.18)	(0.12)	(0.11)	(0.31)	N/A	(0.18)	(0.04)	(0.04)	(0.04)
Downside Variance	N/A	0.1658	0.2749	0.2738	0.1108	N/A	0.1705	1.23	1.14	1.18
Standard Deviation	0.7582	0.419	0.5719	0.5738	0.3196	0.1481	0.4253	0.9289	0.9312	0.9292
Kurtosis	0.8285	0.1322	0.2516	0.2879	(0.25)	1.26	0.0499	1.25	1.25	1.26
Potential Upside	1.27	0.7009	0.8973	0.9139	0.5201	0.2123	0.7018	1.46	1.47	1.47
Treynor Ratio	(0.04)	0.1007	0.0894	0.0933	0.0544	0.4257	0.101	0.0816	0.0812	0.0808
Maximum Drawdown	3.78	2.01	2.68	2.68	1.42	0.842	2.01	4.07	4.06	4.07
Variance	0.5748	0.1756	0.3271	0.3292	0.1022	0.0219	0.1809	0.8629	0.8672	0.8633
Market Risk Adjusted Performance	(0.03)	0.1107	0.0994	0.1033	0.0644	0.4357	0.111	0.0916	0.0912	0.0908
Risk Adjusted Performance	(0.01)	0.094	0.0903	0.0934	0.052	(0.06)	0.094	0.0726	0.0723	0.0719
Skewness	(0.21)	(0.08)	0.1969	0.2044	(0.12)	(0.31)	(0.08)	(0.69)	(0.69)	(0.69)
Semi Deviation	N/A	0.2959	0.4221	0.4177	0.2552	N/A	0.3173	0.9635	0.9662	0.964
Information Ratio	(0.18)	(0.18)	(0.11)	(0.10)	(0.32)	(0.90)	(0.17)	(0.05)	(0.05)	(0.05)
Value At Risk	(1.32)	(0.72)	(0.88)	(0.86)	(0.52)	(0.21)	(0.73)	(1.96)	(1.97)	(1.97)
Expected Short fall	N/A	(0.36)	(0.51)	(0.51)	(0.28)	N/A	(0.37)	(0.68)	(0.69)	(0.68)
Downside Deviation	N/A	0.4072	0.5244	0.5233	0.3329	N/A	0.4129	1.11	1.07	1.09
Semi Variance	N/A	0.0875	0.1781	0.1745	0.0651	N/A	0.1007	0.9284	0.9335	0.9293

New World Competition Performance Charts

Five steps to successful analysis of New World Competition

New World's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by New World Fund in relation to its competition. New World's competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of New World in the market, both direct and indirect, as well as new entrants and disruptive technologies.
Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact New World's competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to New World Fund, and developing a strategy to address them.
Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.

Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your New World position

In addition to having New World in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Compnanies producing and distributing cleaning products, supplies, and accessories. The Cleaning theme has 42 constituents at this time.

You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Cleaning Theme or any other thematic opportunities.

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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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New World Competition

Specify up to 10 symbols:

New World Competition Correlation Matrix

Risk-Adjusted Indicators

New World Competitive Analysis

New World Competition Performance Charts

Five steps to successful analysis of New World Competition

Complement your New World position

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Other Information on Investing in New Mutual Fund

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