National Bank of Canada FI Trims Position in Skyworks Solutions, Inc.
| ANFCX Fund | USD 49.68 0.35 0.70% |
Slightly above 61% of New Economy's investor base is looking to short. The analysis of overall sentiment of trading New Economy Fund mutual fund suggests that many investors are alarmed at this time. New Economy's investing sentiment can be driven by a variety of factors including economic data, New Economy's earnings reports, geopolitical events, and overall market trends.
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National Bank of Canada FI trimmed its position in shares of Skyworks Solutions, Inc. by 24.5 percent during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission . The firm owned 81,727 shares of the semiconductor manufacturers stock after selling 26,480 shares during the period.
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New Economy Fundamental Analysis
We analyze New Economy's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of New Economy using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of New Economy based on its fundamental data. In general, a quantitative approach, as applied to this mutual fund, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
One Year Return
One Year Return Comparative Analysis
New Economy is currently under evaluation in one year return among similar funds. One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.
New Economy Fund Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with New Economy mutual fund to make a market-neutral strategy. Peer analysis of New Economy could also be used in its relative valuation, which is a method of valuing New Economy by comparing valuation metrics with similar companies.
Peers
New Economy Related Equities
| AMECX | Income Fund | 0.29 |
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| FPPPX | American Funds | 0.32 |
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| AMEFX | Income Fund | 0.33 |
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| RNCCX | American Funds | 0.37 |
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| RNGFX | New Economy | 0.70 |
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| RNEBX | New World | 2.24 |
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| AMFCX | American Mutual | 2.54 |
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| AMFFX | American Mutual | 2.54 |
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| RNGGX | New Economy | 3.47 |
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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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