New World Fund Technical Analysis
| RNEBX Fund | USD 79.09 0.06 0.08% |
As of the 22nd of November, New World secures the Standard Deviation of 0.7624, risk adjusted performance of (0.02), and Mean Deviation of 0.5677. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of New World Fund, as well as the relationship between them.
New World Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as New, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to NewNew |
New World 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.
New World Fund Technical Analysis
The output start index for this execution was twenty with a total number of output elements of fourty-one. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of New World Fund volatility. High ATR values indicate high volatility, and low values indicate low volatility.
New World Fund Trend Analysis
Use this graph to draw trend lines for New World Fund. You can use it to identify possible trend reversals for New World as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual New World price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.New World Best Fit Change Line
The following chart estimates an ordinary least squares regression model for New World Fund applied against its price change over selected period. The best fit line has a slop of 0.01 , which means New World Fund will continue generating value for investors. It has 122 observation points and a regression sum of squares at 3.36, which is the sum of squared deviations for the predicted New World price change compared to its average price change.About New World Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of New World Fund on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of New World Fund based on its technical analysis. In general, a bottom-up approach, as applied to this mutual fund, focuses on New World Fund price pattern first instead of the macroeconomic environment surrounding New World Fund. By analyzing New World's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of New World's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to New World specific price patterns or momentum indicators. Please read more on our technical analysis page.
New World November 22, 2024 Technical Indicators
Most technical analysis of New help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for New from various momentum indicators to cycle indicators. When you analyze New charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.02) | |||
| Market Risk Adjusted Performance | 0.3464 | |||
| Mean Deviation | 0.5677 | |||
| Coefficient Of Variation | (4,715) | |||
| Standard Deviation | 0.7624 | |||
| Variance | 0.5812 | |||
| Information Ratio | (0.15) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | 0.3364 | |||
| Maximum Drawdown | 3.78 | |||
| Value At Risk | (1.32) | |||
| Potential Upside | 1.27 | |||
| Skewness | (0.18) | |||
| Kurtosis | 0.7377 |
New World Fund One Year Return
Based on the recorded statements, New World Fund has an One Year Return of 11.8694%. This is much higher than that of the American Funds family and significantly higher than that of the Diversified Emerging Mkts category. The one year return for all United States funds is 186.01% lower than that of the firm.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.Other Information on Investing in New Mutual Fund
New World 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 World security.
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