New Covenant Financial Statements From 2010 to 2026
| NCBIX Fund | USD 23.34 0.08 0.34% |
Check New Covenant financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among New Covenant's main balance sheet or income statement drivers, such as , as well as many indicators such as . New financial statements analysis is a perfect complement when working with New Covenant Valuation or Volatility modules.
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New Enant Balanced Mutual Fund Price To Earning Analysis
New Covenant's Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Current New Covenant Price To Earning | 18.14 X |
Most of New Covenant's fundamental indicators, such as Price To Earning, 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 Enant Balanced is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
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Based on the latest financial disclosure, New Enant Balanced has a Price To Earning of 18.14 times. This is much higher than that of the New Covenant family and significantly higher than that of the Allocation--30% to 50% Equity category. The price to earning for all United States funds is notably lower than that of the firm.
New Enant Balanced Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining New Covenant's current stock value. Our valuation model uses many indicators to compare New Covenant value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across New Covenant competition to find correlations between indicators driving New Covenant's intrinsic value. More Info.New Enant Balanced is number one fund in price to earning among similar funds. It also is number one fund in price to book among similar funds fabricating about 0.13 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for New Enant Balanced is roughly 7.50 . 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 Covenant's earnings, one of the primary drivers of an investment's value.About New Covenant Financial Statements
New Covenant investors use historical fundamental indicators, such as New Covenant's revenue or net income, to determine how well the company is positioned to perform in the future. Understanding over-time patterns can help investors decide on long-term investments in New Covenant. Please read more on our technical analysis and fundamental analysis pages.
The fund invests primarily in shares of the New Covenant Growth Fund and the New Covenant Income Fund, with a majority of its assets generally invested in shares of the Income Fund. Between 50 percent and 75 percent of its net assets are invested in shares of the income fund, with the balance of its net assets invested in shares of the growth fund or cash or cash equivalents. The income fund may also invest up to 20 percent of its net assets in commercial paper and up to 40 percent of its net assets in fixed income securities of foreign issuers in any country, including developed or emerging markets.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in New Mutual Fund
New Covenant 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 Covenant security.
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