New World Financial Statements From 2010 to 2024
| RNEBX Fund | USD 79.15 0.17 0.22% |
Check New World financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among New World'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 World Valuation or Volatility modules.
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New World Fund Mutual Fund Price To Earning Analysis
New World'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 World Price To Earning | 18.23 X |
Most of New World'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 World Fund 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.
| Competition |
Based on the latest financial disclosure, New World Fund has a Price To Earning of 18.23 times. This is 301.54% higher than that of the American Funds family and significantly higher than that of the Diversified Emerging Mkts category. The price to earning for all United States funds is 179.17% lower than that of the firm.
New World Fund Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining New World's current stock value. Our valuation model uses many indicators to compare New World value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across New World competition to find correlations between indicators driving New World's intrinsic value. More Info.New World Fund is rated top fund in price to earning among similar funds. It also is rated top fund in price to book among similar funds fabricating about 0.11 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for New World Fund is roughly 8.81 . 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 World's earnings, one of the primary drivers of an investment's value.About New World Financial Statements
New World investors use historical fundamental indicators, such as New World'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 World. Please read more on 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.
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 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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