New Economy Fund Market Value
| RNGEX Fund | USD 72.08 0.61 0.85% |
| Symbol | New |
New Economy 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to New Economy's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of New Economy.
| 12/04/2025 |
| 03/04/2026 |
If you would invest 0.00 in New Economy on December 4, 2025 and sell it all today you would earn a total of 0.00 from holding New Economy Fund or generate 0.0% return on investment in New Economy over 90 days. New Economy is related to or competes with Pioneer Multi-asset, Astor Long/short, Aqr Long-short, Franklin Federal, Locorr Long/short, and Nationwide Highmark. The fund invests primarily in common stocks that the investment adviser believes have the potential for growth More
New Economy Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure New Economy's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess New Economy Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.28 | |||
| Information Ratio | 0.0105 | |||
| Maximum Drawdown | 4.04 | |||
| Value At Risk | (1.65) | |||
| Potential Upside | 1.52 |
New Economy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for New Economy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as New Economy's standard deviation. In reality, there are many statistical measures that can use New Economy historical prices to predict the future New Economy's volatility.| Risk Adjusted Performance | 0.0445 | |||
| Jensen Alpha | 0.0145 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | 0.0086 | |||
| Treynor Ratio | 0.0528 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of New Economy's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
New Economy March 4, 2026 Technical Indicators
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0445 | |||
| Market Risk Adjusted Performance | 0.0628 | |||
| Mean Deviation | 0.8056 | |||
| Semi Deviation | 1.16 | |||
| Downside Deviation | 1.28 | |||
| Coefficient Of Variation | 1805.09 | |||
| Standard Deviation | 1.04 | |||
| Variance | 1.09 | |||
| Information Ratio | 0.0105 | |||
| Jensen Alpha | 0.0145 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | 0.0086 | |||
| Treynor Ratio | 0.0528 | |||
| Maximum Drawdown | 4.04 | |||
| Value At Risk | (1.65) | |||
| Potential Upside | 1.52 | |||
| Downside Variance | 1.65 | |||
| Semi Variance | 1.34 | |||
| Expected Short fall | (0.70) | |||
| Skewness | (0.48) | |||
| Kurtosis | 0.2456 |
New Economy Fund Backtested Returns
At this stage we consider New Mutual Fund to be very steady. New Economy Fund has Sharpe Ratio of 0.0446, which conveys that the entity had a 0.0446 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for New Economy, which you can use to evaluate the volatility of the fund. Please verify New Economy's Downside Deviation of 1.28, mean deviation of 0.8056, and Risk Adjusted Performance of 0.0445 to check out if the risk estimate we provide is consistent with the expected return of 0.0478%. The fund secures a Beta (Market Risk) of 0.9, which conveys possible diversification benefits within a given portfolio. New Economy returns are very sensitive to returns on the market. As the market goes up or down, New Economy is expected to follow.
Auto-correlation | -0.16 |
Insignificant reverse predictability
New Economy Fund has insignificant reverse predictability. Overlapping area represents the amount of predictability between New Economy time series from 4th of December 2025 to 18th of January 2026 and 18th of January 2026 to 4th of March 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of New Economy Fund price movement. The serial correlation of -0.16 indicates that over 16.0% of current New Economy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.16 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 1.16 |
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 Economy 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 Economy security.
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
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| Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios |