New Alternatives Fund Manager Performance Evaluation
| NALFX Fund | USD 66.36 0.21 0.32% |
The fund secures a Beta (Market Risk) of -0.0312, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning New Alternatives are expected to decrease at a much lower rate. During the bear market, New Alternatives is likely to outperform the market.
Risk-Adjusted Performance
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Very Weak
Over the last 90 days New Alternatives Fund has generated negative risk-adjusted returns adding no value to fund investors. In spite of fairly strong technical and fundamental indicators, New Alternatives is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
...more| Expense Ratio Date | 30th of April 2023 | |
| Expense Ratio | 0.9600 |
New |
New Alternatives Relative Risk vs. Return Landscape
If you would invest 6,668 in New Alternatives Fund on September 1, 2024 and sell it today you would lose (32.00) from holding New Alternatives Fund or give up 0.48% of portfolio value over 90 days. New Alternatives Fund is currently producing negative expected returns and takes up 1.0582% volatility of returns over 90 trading days. Put another way, 9% of traded mutual funds are less volatile than New, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
New Alternatives Current Valuation
Overvalued
Today
Please note that New Alternatives' price fluctuation is very steady at this time. At this time, the fund appears to be overvalued. New Alternatives secures a last-minute Real Value of $64.12 per share. The latest price of the fund is $66.36. We determine the value of New Alternatives 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.
Since New Alternatives is currently traded on the exchange, buyers and sellers on that exchange determine the market value of New Mutual Fund. However, New Alternatives' 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 66.36 | Real 64.12 | Hype 66.36 | Naive 68.08 |
The intrinsic value of New Alternatives' 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 Alternatives' 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 Alternatives 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 Alternatives more accurately as focusing exclusively on New Alternatives' fundamentals will not take into account other important factors: New Alternatives Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for New Alternatives' investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as New Alternatives Fund, and traders can use it to determine the average amount a New Alternatives' 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 = -0.0019
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | NALFX |
Estimated Market Risk
| 1.06 actual daily | 9 91% of assets are more volatile |
Expected Return
| 0.0 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.0 actual daily | 0 Most of other assets perform better |
Based on monthly moving average New Alternatives is not performing at its full potential. However, 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 Alternatives by adding New Alternatives to a well-diversified portfolio.
New Alternatives Fundamentals Growth
New Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of New Alternatives, and New Alternatives 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.
| Price To Earning | 19.64 X | ||||
| Price To Book | 1.42 X | ||||
| Price To Sales | 0.75 X | ||||
| Total Asset | 358.82 M | ||||
About New Alternatives Performance
Evaluating New Alternatives' performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if New Alternatives has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if New Alternatives has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
The fund seeks to achieve its investment objective by investing in equity securities. The equity securities in which the fund invests consist primarily of common stocks. Other equity securities in which the fund may invest include YieldCos, American Depository Receipts , real estate investment trusts and publicly-traded master limited partnerships . The fund makes investments in a wide range of industries and in companies of all sizes.Things to note about New Alternatives performance evaluation
Checking the ongoing alerts about New Alternatives for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for New Alternatives help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| New Alternatives generated a negative expected return over the last 90 days | |
| The fund generated three year return of -7.0% | |
| New Alternatives maintains about 5.06% of its assets in cash |
- Analyzing New Alternatives' 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 Alternatives' stock is overvalued or undervalued compared to its peers.
- Examining New Alternatives' 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 Alternatives' management team can have a significant impact on its success or failure. Reviewing the track record and experience of New Alternatives' management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of New Alternatives' mutual fund. These opinions can provide insight into New Alternatives' potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in New Mutual Fund
New Alternatives 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 Alternatives security.
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