NEW WORLD Risk Adjusted Performance
| NWFFX Fund | | | USD 105.59 3.48 3.41% |
Risk-Adjusted Performance (RAP) measures the return an equity would have generated if it carried the same total risk (standard deviation) as the market. Derived from the Sharpe Ratio, RAP is expressed in percentage terms, making direct comparison across assets with different volatility profiles straightforward. Below is NEW WORLD's current Risk Adjusted Performance with peer comparisons and related risk metrics.
Current Risk Adjusted Performance Value
With Risk Adjusted Performance at 0.0782, NEW WORLD shows positive but modest risk-adjusted return. NEW WORLD has produced a positive return relative to risk, though the margin is limited.
RAP | = | (ER[a] - RFR) * STD[b])/STD[b]RFR |
| = | 0.0782 | |
Risk Adjusted Performance Peers Comparison
Among sector peers, NEW WORLD's Risk Adjusted Performance of 0.0782 is below the 0.09 group average. The range runs from 0.0481 (American Mutual Fund) to 0.114 (New World Fund). NEW WORLD's risk-adjusted return trails the peer average, indicating less efficient compensation for the risk incurred.
Risk Adjusted Performance Relative To Other Indicators
The chart below plots Risk Adjusted Performance against Maximum Drawdown for New World and its peers. Each point represents one equity — position along the horizontal axis shows Risk Adjusted Performance while the vertical axis shows Maximum Drawdown. Equities that cluster in different quadrants carry distinct risk-return profiles. Use the dropdowns to swap in other indicators for either axis.
NEW WORLD's Maximum Drawdown of
5.96 runs about
76.20 times its Risk Adjusted Performance of
0.08 . This indicates Maximum Drawdown substantially exceeds Risk Adjusted Performance for NEW WORLD.
Methodology, Assumptions & Data Sources
NEW WORLD has a current Risk Adjusted Performance reading of 0.0782. NEW WORLD's Risk Adjusted Performance is computed from historical closing prices over the selected time horizon, applying the indicator's defined mathematical transformation to raw price data. All inputs are based on exchange-reported closing prices, with adjustments for stock splits, dividends, and other corporate actions. NEW WORLD operates in the international equity funds sector, which may exhibit distinct volatility and momentum characteristics relative to the broader market. Results are based on historical returns and do not predict future performance. This indicator is provided for informational purposes.
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