New Economy Fund Manager Performance Evaluation
| RNNEX Fund | USD 71.09 0.21 0.30% |
The fund secures a Beta (Market Risk) of 0.85, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, New Economy's returns are expected to increase less than the market. However, during the bear market, the loss of holding New Economy is expected to be smaller as well.
Risk-Adjusted Performance
Fair
Weak | Strong |
Compared to the overall equity markets, risk-adjusted returns on investments in New Economy Fund are ranked lower than 8 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak technical and fundamental indicators, New Economy may actually be approaching a critical reversion point that can send shares even higher in March 2026.
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New Economy Relative Risk vs. Return Landscape
If you would invest 6,668 in New Economy Fund on November 5, 2025 and sell it today you would earn a total of 441.00 from holding New Economy Fund or generate 6.61% return on investment over 90 days. New Economy Fund is currently producing 0.112% returns and takes up 1.0258% volatility of returns over 90 trading days. Put another way, 9% of traded mutual funds are less volatile than New, and 98% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
New Economy Current Valuation
Undervalued
Today
Please note that New Economy's price fluctuation is very steady at this time. At this time, the fund appears to be undervalued. New Economy Fund secures a last-minute Real Value of $72.72 per share. The latest price of the fund is $71.09. We determine the value of New Economy Fund 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 Economy is currently traded on the exchange, buyers and sellers on that exchange determine the market value of New Mutual Fund. However, New Economy's 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 71.09 | Real 72.72 | Hype 71.09 | Naive 70.8 |
The intrinsic value of New Economy's 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 Economy's 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 Economy 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 Economy more accurately as focusing exclusively on New Economy's fundamentals will not take into account other important factors: New Economy Target Price Odds to finish over Current Price
The tendency of New Mutual Fund price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move above the current price in 90 days |
| 71.09 | 90 days | 71.09 | about 9.29 |
Based on a normal probability distribution, the odds of New Economy to move above the current price in 90 days from now is about 9.29 (This New Economy Fund probability density function shows the probability of New Mutual Fund to fall within a particular range of prices over 90 days) .
New Economy Price Density |
| Price |
Predictive Modules for New Economy
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as New Economy Fund. Regardless of method or technology, however, to accurately forecast the mutual fund market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the mutual fund market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.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 Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. New Economy is not an exception. The market had few large corrections towards the New Economy's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold New Economy Fund, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of New Economy within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.04 | |
β | Beta against Dow Jones | 0.85 | |
σ | Overall volatility | 2.23 | |
Ir | Information ratio | 0.03 |
New Economy Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of New Economy for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for New Economy Fund can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| The fund maintains about 13.06% of its assets in cash |
New Economy Fundamentals Growth
New Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of New Economy, and New Economy 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 | 22.08 X | ||||
| Price To Book | 2.61 X | ||||
| Price To Sales | 1.34 X | ||||
| Total Asset | 35.18 B | ||||
About New Economy Performance
Evaluating New Economy's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if New Economy 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 Economy 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 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.Things to note about New Economy Fund performance evaluation
Checking the ongoing alerts about New Economy for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for New Economy Fund help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| The fund maintains about 13.06% of its assets in cash |
- Analyzing New Economy's 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 Economy's stock is overvalued or undervalued compared to its peers.
- Examining New Economy's 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 Economy's management team can have a significant impact on its success or failure. Reviewing the track record and experience of New Economy's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of New Economy's mutual fund. These opinions can provide insight into New Economy's potential for growth and whether the stock is currently undervalued or overvalued.
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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