RNEBX Mutual Fund Quote

RNEBX
 Fund
  

USD 61.04  1.83  2.91%   

Market Performance
0 of 100
Odds Of Distress
Less than 3
New World is trading at 61.04 as of the 6th of October 2022; that is -2.91% down since the beginning of the trading day. The fund's open price was 62.87. New World has a very small chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for New World Fund are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 14th of May 2021 and ending today, the 6th of October 2022. Click here to learn more.
The fund invests primarily in common stocks of companies with significant exposure to countries with developing economies andor markets. New World is traded on NASDAQ Exchange in the United States. More on New World Fund

Moving together with New World

+0.81JPMJP Morgan Chase Fiscal Year End 13th of January 2023 PairCorr
+0.83GEGeneral Electric Earnings Call  In Two WeeksPairCorr

New World Mutual Fund Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. New World's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding New World or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
New World Fund generated a negative expected return over the last 90 days
The fund maintains about 10.16% of its assets in cash
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of New World's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Cautious HoldFairly Valued
Startdate17th of June 1999
New World Fund [RNEBX] is traded in USA and was established 6th of October 2022. The fund is listed under Diversified Emerging Mkts category and is part of American Funds family. New World Fund at this time has accumulated 54.29 B in assets with no minimum investment requirements, while the total return for the last 3 years was 4.51%.
Check New World Probability Of Bankruptcy

Instrument Allocation

Sector Allocation (%)

Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on RNEBX Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding RNEBX Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as New World Fund Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.

Top New World Fund Constituents

New World Target Price Odds Analysis

Based on a normal probability distribution, the odds of New World jumping above the current price in 90 days from now is over 95.74%. The New World Fund probability density function shows the probability of New World mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon New World has a beta of 0.1153 indicating as returns on the market go up, New World average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding New World Fund will be expected to be much smaller as well. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. New World Fund is significantly underperforming DOW.
  Odds Below 61.04HorizonTargetOdds Above 61.04
4.19%90 days
 61.04 
95.74%
Based on a normal probability distribution, the odds of New World to move above the current price in 90 days from now is over 95.74 (This New World Fund probability density function shows the probability of RNEBX Mutual Fund to fall within a particular range of prices over 90 days) .

New World Fund Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. New World market risk premium is the additional return an investor will receive from holding New World long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in New World. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although New World's alpha and beta are two of the key measurements used to evaluate New World's performance over the market, the standard measures of volatility play an important role as well.

New World Against Markets

Picking the right benchmark for New World mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in New World mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for New World is critical whether you are bullish or bearish towards New World Fund at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in New World without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Invested in New World Fund?

The danger of trading New World Fund is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of New World is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than New World. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile New World Fund is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Additionally, take a look at Your Equity Center. Note that the New World Fund information on this page should be used as a complementary analysis to other New World's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.

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When running New World Fund price analysis, check to measure New World's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy New World is operating at the current time. Most of New World's value examination focuses on studying past and present price action to predict the probability of New World's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move New World's price. Additionally, you may evaluate how the addition of New World to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between New World's value and its price as these two are different measures arrived at by different means. Investors typically determine New World value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, New World's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.