Jim Cramer Says Both Micron Technology, Inc. and ADI Are Well Off Their High, So The Whole Thing Might Be A Bit Of A Comedown For Them
| 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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We recently compiled a list of the Jim Cramer Discussed 18 Companies That Hit 100 Billion in Market Cap in 2024. In this article, we are going to take a look at where Micron Technology, Inc.
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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.
Probability Of Bankruptcy
Probability Of Bankruptcy Comparative Analysis
New Economy is currently under evaluation in probability of bankruptcy among similar funds. Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.
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 | 0.79 | ||||
| AMEFX | Income Fund | 0.79 | ||||
| RNGFX | New Economy | 0.72 | ||||
| RNCCX | American Funds | 0.60 | ||||
| AMFFX | American Mutual | 0.07 | ||||
| AMFCX | American Mutual | 0.07 | ||||
| FPPPX | American Funds | 0.32 | ||||
| RNGGX | New Economy | 0.69 | ||||
| RNEBX | New World | 3.42 |
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.
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
| Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets | |
| Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios | |
| Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. |