New Economy Fund Quote
| RNGCX Fund | USD 57.05 0.81 1.44% |
PerformanceVery Weak
| Odds Of DistressLow
|
New Economy is trading at 57.05 as of the 19th of March 2025; that is 1.44% up since the beginning of the trading day. The fund's open price was 56.24. New Economy has about a 21 % chance of experiencing some form of financial distress in the next two years of operation but has generated negative returns over the last 90 days. The performance scores are derived for the period starting the 19th of December 2024 and ending today, the 19th of March 2025. Click here to learn more.
The fund invests primarily in common stocks that the investment adviser believes have the potential for growth. American Funds is traded on NASDAQ Exchange in the United States. More on New Economy Fund
Moving against New Mutual Fund
New Mutual Fund Highlights
| Fund Concentration | American Funds, Large Growth Funds, World Large-Stock Growth Funds, World Large-Stock Growth, American Funds, Large Growth, World Large-Stock Growth (View all Sectors) |
New Economy Fund [RNGCX] is traded in USA and was established 19th of March 2025. New Economy is listed under American Funds category by Fama And French industry classification. The fund is listed under World Large-Stock Growth category and is part of American Funds family. This fund at this time has accumulated 21.62 B in assets with no minimum investment requirementsNew Economy Fund is currently producing year-to-date (YTD) return of 1.24%, while the total return for the last 3 years was 11.57%.
Check New Economy Probability Of Bankruptcy
Instrument Allocation
Top New Economy Fund Mutual Fund Constituents
| QRVO | Qorvo Inc | Stock | Information Technology | |
| MU | Micron Technology | Stock | Information Technology | |
| BABA | Alibaba Group Holding | Stock | Consumer Discretionary | |
| TMO | Thermo Fisher Scientific | Stock | Health Care | |
| UNH | UnitedHealth Group Incorporated | Stock | Health Care | |
| TCTZF | Tencent Holdings | Pink Sheet | Internet Content & Information | |
| NFLX | Netflix | Etf | Communication Services | |
| MSFT | Microsoft | Stock | Information Technology |
New Economy Fund Risk Profiles
| Mean Deviation | 0.9509 | |||
| Standard Deviation | 1.22 | |||
| Variance | 1.48 | |||
| Risk Adjusted Performance | (0.02) |
New Economy Against Markets
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.
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets |