New World Fund Volatility
| NFFFX Fund | USD 102.56 0.28 0.27% |
Sharpe Ratio = 0.0793
| Leading Returns | Top Quartile | |||
| Strong | ||||
| Moderate | ||||
| Modest | ||||
| Cash | NFFFX | Moderate | Elevated | High |
| Below Benchmark |
For New World Fund, recent data highlights a Market Risk Adjusted Performance of 0.6%, a Risk of 1.30, and a Risk Adjusted Performance of 0.1%. Moving average data positions the fund near 6% of its recent return envelope.
Key indicators related to NEW WORLD's volatility include:90 Days Market Risk | Chance Of Distress | 90 Days Economic Sensitivity |
Key risk metrics for NEW WORLD (3 Months):
Beta 0.16 | Alpha 0.09 | Risk 1.3 | Sharpe Ratio 0.08 | Expected Return 0.1 |
Moving together with NEW WORLD Mutual Fund
| 0.92 | VEIEX | Vanguard Emerging Markets | PairCorr |
| 0.96 | ASG | Liberty All Star | PairCorr |
| 0.67 | IIF | Morgan Stanley India | PairCorr |
| 0.85 | CII | BlackRock Enhanced | PairCorr |
| 0.91 | ETV | Eaton Vance Tax | PairCorr |
| 0.79 | CLM | Cornerstone Strategic | PairCorr |
| 0.75 | CRF | Cornerstone Total Return | PairCorr |
| 0.9 | USA | Liberty All Star | PairCorr |
| 0.91 | ETY | Eaton Vance Tax | PairCorr |
| 0.89 | NFJ | Virtus Dividend Interest | PairCorr |
| 0.78 | CONIX | Columbia Global | PairCorr |
| 0.89 | BRKAX | Mfs Blended Research | PairCorr |
| 0.92 | ISJBX | Voya Stock Index | PairCorr |
| 0.91 | MGXSX | Mainstay Equity | PairCorr |
| 0.93 | FLASX | Franklin Lifesmart 2060 | PairCorr |
| 0.79 | VLIIX | Value Line Income | PairCorr |
| 0.9 | ASVCX | American Beacon Small | PairCorr |
| 0.98 | REFTX | American Funds 2035 | PairCorr |
| 0.88 | TWCIX | Select Fund Investor | PairCorr |
| 0.93 | IMORX | Voya Midcap Opportunities | PairCorr |
| 0.91 | NGJIX | Nuveen Global Real | PairCorr |
| 0.91 | FMCCX | Fidelity Advisor Stock | PairCorr |
| 0.92 | MGPIX | Mid Cap Growth | PairCorr |
| 0.89 | DASVX | Dunham Small Cap | PairCorr |
| 0.91 | JHDAX | JPMorgan Hedged Equity | PairCorr |
| 0.95 | GCPCX | Gateway Equity Call | PairCorr |
| 0.94 | VMVIX | Vanguard Mid Cap | PairCorr |
Sensitivity To Market
The beta coefficient of 0.16 for New World Fund measures how its returns respond to broader market changes. In regression terms, beta captures the slope between asset returns and index returns. Historical volatility is currently near 1.3%. This analysis separates observed movement from interpretation for New World Fund. Standard deviation (1.3%) and downside deviation (1.27%) describe the range without implying direction. For NEW WORLD, the volatility profile is a portfolio effect rather than a single-company effect. Global funds add currency-related movement on top of underlying asset volatility.
3 Months Beta |New World Fund Demand TrendCurrent 90-day NEW WORLD correlation with market (Dow Jones Industrial)Downside Risk
NEW WORLD standard deviation over the selected horizon reflects the magnitude of daily price swings relative to the historical average. A rising standard deviation for NEW WORLD over successive periods signals increasing price uncertainty.
Standard Deviation | 1.3 |
Understanding the asymmetry between upside and downside risk is critical for NEW WORLD analysis. Total price dispersion includes upside, while downside deviation captures only loss risk in NEW WORLD's returns. For New World Fund, recent data highlights a Downside Deviation of 1.27, a Downside Variance of 1.61, and a Maximum Drawdown of 5.96.
Mutual Fund Volatility Analysis
Volatility is a statistical measure of the dispersion of NEW WORLD mutual fund returns over a given period of time. Volatility measures how much NEW WORLD's mutual fund price deviates from its average over a period.
Transformation |
This analysis covers sixty-one data points across the selected time horizon. The Average Price transformation calculates the mean of New World Fund's open, high, low, and close for each trading period. By incorporating all four price components equally, it provides a balanced representation of each period's trading activity. Compared to using the closing price alone, the average price reduces the influence of end-of-day positioning and can serve as a smoother input for other technical indicators.
Projected Return Density Against Market
Based on a 90-day horizon, NEW WORLD has a beta of 0.16. This indicates as returns on the market go up, NEW WORLD's average returns tend to increase less than the benchmark. However, during a bear market, the loss from holding New World Fund tends to be smaller as well.NEW WORLD carries exposure to broad market movements as well as company or sector-specific developments. While portfolio diversification can reduce asset-level risk, systematic volatility cannot be avoided. Standard deviation and beta quantify this exposure. For New World Fund, recent data highlights a Downside Deviation of 1.27, a Mean Deviation of 0.95, and a Semi Deviation of 1.12.
Predicted Return Distribution |
| Density |
What Drives NEW WORLD's Price Volatility?
Industry Dynamics
Competitive pressure, margin shifts, or structural changes in the American Funds sector can alter NEW WORLD's day-to-day volatility profile.Political and Economic Environment
Broad market tone, policy uncertainty, and recession or expansion signals shape volatility conditions for NEW WORLD.NEW WORLD's Company-Specific Factors
Unexpected business updates, leadership changes, or legal outcomes can drive outsized moves in NEW WORLD's stock.Mutual Fund Risk Measures
Based on a 90-day horizon, the coefficient of variation of NEW WORLD is 1260.9. The daily returns are distributed with a variance of 1.68 and standard deviation of 1.3. The mean deviation of New World Fund is currently at 0.95. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.96
α | Alpha over Dow Jones | 0.09 | |
β | Beta against Dow Jones | 0.16 | |
σ | Overall volatility | 1.30 | |
Ir | Information ratio | 0.07 |
Mutual Fund Return Volatility
Volatility for NEW WORLD quantifies the day-to-day dispersion of fund returns around their historical average. The fund carries 1.2964% return volatility across the 90-day horizon. As a benchmark, Dow Jones Industrial reported 0.9592% volatility on return distribution over a 90-day investment horizon. Performance |
| Timeline |
Related Correlations Analysis
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
Headline performance for NEW WORLD Mutual Fund may not fully reflect how the business compares across its competitive set. Peer-relative risk metrics add context on drawdown behavior, consistency, and return quality. These indicators are quantitative in nature and measure volatility and risk-adjusted expected returns across different positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| RNWGX | 0.95 | 0.09 | 0.07 | 0.58 | 1.12 | 1.66 | 5.97 | |||
| NEWFX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| NWFFX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AMFFX | 0.53 | 0.02 | 0.02 | -1.55 | 0.65 | 1.42 | 3.36 | |||
| RMFGX | 0.53 | 0.02 | 0.02 | -1.48 | 0.64 | 1.44 | 3.36 | |||
| AMPCX | 0.89 | 0.10 | 0.08 | 1.22 | 0.98 | 1.78 | 4.82 | |||
| RSLAX | 0.96 | 0.10 | 0.07 | 0.81 | 1.19 | 2.39 | 5.82 | |||
| SCWFX | 0.96 | 0.10 | 0.07 | 0.82 | 1.19 | 2.41 | 5.82 | |||
| SMCWX | 0.96 | 0.08 | 0.06 | 0.07 | 1.21 | 2.40 | 5.84 | |||
| RLLGX | 0.96 | 0.10 | 0.07 | 0.84 | 1.21 | 2.41 | 5.82 |
Risk Metrics, Assumptions & Methodology
Volatility regime for NEW WORLD evaluates whether NAV variability is in a calm, stressed, or transitional phase. Regime transitions often precede directional moves, making volatility shifts a useful timing signal.
New World Fund data is compiled from fund disclosures and market reference feeds and standardized for comparability. Volatility and downside metrics are estimated from historical return dispersion.
Editorial review and methodology oversight provided by: Gabriel Shpitalnik, Member of Macroaxis Editorial Board
Volatility Profile Summary
Recent data suggests that New World Fund is more volatile than Dow Jones Industrial by approximately 1.35x over the selected horizon. This differential reflects the relative dispersion of returns and frames how the asset responds to broader market conditions. Observed price behavior indicates modest directional movement within the current volatility regime. Across the current 90-day horizon, that places the security below 11% of the broader equity and portfolio universe on a pure volatility basis. This positioning reflects relative dispersion compared to peers rather than extreme instability.New World Fund with characteristics aligned to broad market upside participation. This short-horizon analysis focuses on what the latest move may imply for immediate market context. It is intended to separate routine noise from more speculative bursts in price action. a normal upward fluctuation. Return distributions derived from historical modeling outline a range of potential outcomes over the selected 90-day horizon. View NEW WORLD probability analysis.
Very poor diversification
For the present investment horizon, the measured correlation between NEW WORLD and Dow Jones stands at 0.89, or Very poor diversification. Lower overlap tends to improve diversification, while higher overlap means both positions carry similar risk.
Additional Risk Indicators
Risk analysis around New World Fund gains depth when secondary indicators confirm, refine, or challenge the basic volatility picture. These measures support both standalone risk assessment and portfolio-level analysis.
| Risk Adjusted Performance | 0.0788 | |||
| Market Risk Adjusted Performance | 0.5901 | |||
| Mean Deviation | 0.9499 | |||
| Semi Deviation | 1.12 | |||
| Downside Deviation | 1.27 | |||
| Coefficient Of Variation | 1260.9 | |||
| Standard Deviation | 1.3 |
NEW WORLD Suggested Diversification Pairs
Pair analysis provides a framework for evaluating relative performance between New World Fund and comparable securities. The key question is whether the second leg adds real hedge value instead of just creating a more complex version of the same risk.
| Micron Technology vs. NEW WORLD | ||
| Salesforce vs. NEW WORLD | ||
| Uipath vs. NEW WORLD | ||
| Visa vs. NEW WORLD | ||
| Bank of America vs. NEW WORLD | ||
| Fundrise Innovation vs. NEW WORLD | ||
| GM vs. NEW WORLD | ||
| Microsoft vs. NEW WORLD | ||
Risk reduction through pair trading is real but has limits - not every type of exposure can be offset by a second leg. NEW WORLD's exposure to overall market risk stays intact regardless of pairing. The value of a second leg lies in reducing NEW WORLD's idiosyncratic risk - the part that comes from company-level events rather than macro conditions.