New Economy Fund Price History
RNGFX Fund | USD 67.51 0.30 0.45% |
Below is the normalized historical share price chart for New Economy Fund extending back to May 31, 2002. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of New Economy stands at 67.51, as last reported on the 22nd of November, with the highest price reaching 67.51 and the lowest price hitting 67.51 during the day.
If you're considering investing in New Mutual Fund, it is important to understand the factors that can impact its price. At this stage we consider New Mutual Fund to be very steady. New Economy Fund has Sharpe Ratio of 0.0787, which conveys that the entity had a 0.0787% 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 Mean Deviation of 0.6819, risk adjusted performance of 0.0475, and Downside Deviation of 1.07 to check out if the risk estimate we provide is consistent with the expected return of 0.0738%.
New Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
New |
Sharpe Ratio = 0.0787
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Estimated Market Risk
0.94 actual daily | 8 92% of assets are more volatile |
Expected Return
0.07 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
0.08 actual daily | 6 94% of assets perform better |
Based on monthly moving average New Economy is performing at about 6% of its full potential. 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 Economy by adding it to a well-diversified portfolio.
New Economy Mutual Fund Price History Chart
There are several ways to analyze New Economy Fund price data. The simplest method is using a basic New candlestick price chart, which shows New Economy price history and the buying and selling dynamics of a specified period. Many traders also use subjective judgment to their trading calls, avoiding the need to trade based on technical analysis.
Highest Price | November 11, 2024 | 69.66 |
Lowest Price | September 6, 2024 | 61.57 |
New Economy November 22, 2024 Mutual Fund Price Synopsis
Various analyses of New Economy's daily price changes, such as its Balance Of Power or Price Action, are crucial when deciding whether to buy, hold, or sell New Mutual Fund. It can be used to describe the percentage change in the price of New Economy from one trading day to the next and could be a valuable metric for traders and investors to gauge the volatility and momentum of New Mutual Fund.New Economy Price Rate Of Daily Change | 1.00 | |
New Economy Price Action Indicator | 0.15 |
New Economy November 22, 2024 Mutual Fund Price Analysis
New Mutual Fund Price History Data
The price series of New Economy for the period between Sat, Aug 24, 2024 and Fri, Nov 22, 2024 has a statistical range of 8.09 with a coefficient of variation of 2.71. The price distribution for the period has arithmetic mean of 66.26. The median price for the last 90 days is 66.5. The company had dividends distributed to its stock-holders on 12/18/2019.Open | High | Low | Close | Volume | ||
11/21/2024 | 67.51 | 67.51 | 67.51 | 67.51 | 1.00 | |
11/20/2024 | 67.21 | 67.21 | 67.21 | 67.21 | 1.00 | |
11/19/2024 | 67.04 | 67.04 | 67.04 | 67.04 | 1.00 | |
11/18/2024 | 66.80 | 66.80 | 66.80 | 66.80 | 1.00 | |
11/15/2024 | 66.68 | 66.68 | 66.68 | 66.68 | 1.00 | |
11/14/2024 | 68.02 | 68.02 | 68.02 | 68.02 | 1.00 | |
11/13/2024 | 68.75 | 68.75 | 68.75 | 68.75 | 1.00 | |
11/12/2024 | 69.16 | 69.16 | 69.16 | 69.16 | 1.00 | |
11/11/2024 | 69.66 | 69.66 | 69.66 | 69.66 | 1.00 | |
11/08/2024 | 69.56 | 69.56 | 69.56 | 69.56 | 1.00 | |
11/07/2024 | 69.32 | 69.32 | 69.32 | 69.32 | 1.00 | |
11/06/2024 | 68.91 | 68.91 | 68.91 | 68.91 | 1.00 | |
11/05/2024 | 67.53 | 67.53 | 67.53 | 67.53 | 1.00 | |
11/04/2024 | 66.55 | 66.55 | 66.55 | 66.55 | 1.00 | |
11/01/2024 | 66.56 | 66.56 | 66.56 | 66.56 | 1.00 | |
10/31/2024 | 66.03 | 66.03 | 66.03 | 66.03 | 1.00 | |
10/30/2024 | 67.49 | 67.49 | 67.49 | 67.49 | 1.00 | |
10/29/2024 | 67.69 | 67.69 | 67.69 | 67.69 | 1.00 | |
10/28/2024 | 67.33 | 67.33 | 67.33 | 67.33 | 1.00 | |
10/25/2024 | 67.33 | 67.33 | 67.33 | 67.33 | 1.00 | |
10/24/2024 | 67.26 | 67.26 | 67.26 | 67.26 | 1.00 | |
10/23/2024 | 67.09 | 67.09 | 67.09 | 67.09 | 1.00 | |
10/22/2024 | 67.88 | 67.88 | 67.88 | 67.88 | 1.00 | |
10/21/2024 | 68.01 | 68.01 | 68.01 | 68.01 | 1.00 | |
10/18/2024 | 68.14 | 68.14 | 68.14 | 68.14 | 1.00 | |
10/17/2024 | 68.04 | 68.04 | 68.04 | 68.04 | 1.00 | |
10/16/2024 | 67.61 | 67.61 | 67.61 | 67.61 | 1.00 | |
10/15/2024 | 67.28 | 67.28 | 67.28 | 67.28 | 1.00 | |
10/14/2024 | 68.22 | 68.22 | 68.22 | 68.22 | 1.00 | |
10/11/2024 | 67.76 | 67.76 | 67.76 | 67.76 | 1.00 | |
10/10/2024 | 67.22 | 67.22 | 67.22 | 67.22 | 1.00 | |
10/09/2024 | 67.26 | 67.26 | 67.26 | 67.26 | 1.00 | |
10/08/2024 | 66.74 | 66.74 | 66.74 | 66.74 | 1.00 | |
10/07/2024 | 65.98 | 65.98 | 65.98 | 65.98 | 1.00 | |
10/04/2024 | 66.39 | 66.39 | 66.39 | 66.39 | 1.00 | |
10/03/2024 | 65.71 | 65.71 | 65.71 | 65.71 | 1.00 | |
10/02/2024 | 65.83 | 65.83 | 65.83 | 65.83 | 1.00 | |
10/01/2024 | 65.76 | 65.76 | 65.76 | 65.76 | 1.00 | |
09/30/2024 | 66.42 | 66.42 | 66.42 | 66.42 | 1.00 | |
09/27/2024 | 66.50 | 66.50 | 66.50 | 66.50 | 1.00 | |
09/26/2024 | 66.90 | 66.90 | 66.90 | 66.90 | 1.00 | |
09/25/2024 | 66.35 | 66.35 | 66.35 | 66.35 | 1.00 | |
09/24/2024 | 66.36 | 66.36 | 66.36 | 66.36 | 1.00 | |
09/23/2024 | 66.04 | 66.04 | 66.04 | 66.04 | 1.00 | |
09/20/2024 | 65.87 | 65.87 | 65.87 | 65.87 | 1.00 | |
09/19/2024 | 65.96 | 65.96 | 65.96 | 65.96 | 1.00 | |
09/18/2024 | 64.80 | 64.80 | 64.80 | 64.80 | 1.00 | |
09/17/2024 | 65.03 | 65.03 | 65.03 | 65.03 | 1.00 | |
09/16/2024 | 65.04 | 65.04 | 65.04 | 65.04 | 1.00 | |
09/13/2024 | 64.99 | 64.99 | 64.99 | 64.99 | 1.00 | |
09/12/2024 | 64.59 | 64.59 | 64.59 | 64.59 | 1.00 | |
09/11/2024 | 63.79 | 63.79 | 63.79 | 63.79 | 1.00 | |
09/10/2024 | 62.60 | 62.60 | 62.60 | 62.60 | 1.00 | |
09/09/2024 | 62.33 | 62.33 | 62.33 | 62.33 | 1.00 | |
09/06/2024 | 61.57 | 61.57 | 61.57 | 61.57 | 1.00 | |
09/05/2024 | 63.01 | 63.01 | 63.01 | 63.01 | 1.00 | |
09/04/2024 | 63.09 | 63.09 | 63.09 | 63.09 | 1.00 | |
09/03/2024 | 63.34 | 63.34 | 63.34 | 63.34 | 1.00 | |
08/30/2024 | 65.11 | 65.11 | 65.11 | 65.11 | 1.00 | |
08/29/2024 | 64.46 | 64.46 | 64.46 | 64.46 | 1.00 | |
08/28/2024 | 64.32 | 64.32 | 64.32 | 64.32 | 1.00 |
About New Economy Mutual Fund history
New Economy investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for New is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in New Economy Fund will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing New Economy stock prices may prove useful in developing a viable investing in New Economy
The fund invests primarily in common stocks that the investment adviser believes have the potential for growth. It invests in securities of companies that can benefit from innovation, exploit new technologies or provide products and services that meet the demands of an evolving global economy. The fund may invest up to 50 percent of its assets outside the United States, including in developing countries.
New Economy Mutual Fund Technical Analysis
New Economy technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
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New Economy Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for New Economy's price direction in advance. Along with the technical and fundamental analysis of New Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of New to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Risk Adjusted Performance | 0.0475 | |||
Jensen Alpha | (0.04) | |||
Total Risk Alpha | (0.06) | |||
Sortino Ratio | (0.04) | |||
Treynor Ratio | 0.0485 |
Cycle Indicators | ||
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Volume Indicators |
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.
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