New Economy Financial Statements From 2010 to 2024
| CNGFX Fund | USD 60.36 0.42 0.69% |
Check New Economy financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among New Economy's main balance sheet or income statement drivers, such as , as well as many indicators such as . New financial statements analysis is a perfect complement when working with New Economy Valuation or Volatility modules.
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New Economy Fund Mutual Fund Annual Yield Analysis
New Economy's Yield generally refers to the amount of cash that is paid back to the owner of a security over a specific time (usually one year). It is expressed as a percentage of current market price, and usually amounts to all the interests and/or dividends paid over a given period. A higher yield allows the shareholders to generate returns on their investments sooner. However, investors should also be aware that a high yield may be a result of market turmoil or increased price volatility.
Current New Economy Annual Yield | 0 % |
Most of New Economy's fundamental indicators, such as Annual Yield, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, New Economy Fund is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Small firms, start-ups, or companies with high growth potential typically do not pay out dividends or distribute a lot of their profits. These companies will have small yield. Alternatively, more established companies, ETFs, and funds that invest in bonds will have higher yields.
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In accordance with the recently published financial statements, New Economy Fund has an Annual Yield of 0.003%. This is much higher than that of the American Funds family and significantly higher than that of the World Large-Stock Growth category. The annual yield for all United States funds is notably lower than that of the firm.
New Economy Fund Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining New Economy's current stock value. Our valuation model uses many indicators to compare New Economy value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across New Economy competition to find correlations between indicators driving New Economy's intrinsic value. More Info.New Economy Fund is third largest fund in price to earning among similar funds. It also is third largest fund in price to book among similar funds fabricating about 0.11 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for New Economy Fund is roughly 8.81 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the New Economy's earnings, one of the primary drivers of an investment's value.About New Economy Financial Statements
New Economy investors use historical fundamental indicators, such as New Economy's revenue or net income, to determine how well the company is positioned to perform in the future. Understanding over-time patterns can help investors decide on long-term investments in New Economy. Please read more on 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.
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.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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