Whats next for Wesfarmers shares after cashing out 700 million from Coles?
CNPAX Fund | USD 65.99 0.42 0.63% |
Slightly above 62% of New Perspective's investor base is looking to short. The analysis of overall sentiment of trading New Perspective Fund mutual fund suggests that many investors are alarmed at this time. New Perspective's investing sentiment can be driven by a variety of factors including economic data, New Perspective's earnings reports, geopolitical events, and overall market trends.
New |
Wesfarmers Ltd might have finally cashed out of its long holding of Coles. What will this ASX 200 giant spend its new money on
Read at fool.com.au
New Perspective Fundamental Analysis
We analyze New Perspective's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of New Perspective using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of New Perspective 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.
Cash Position Weight
Cash Position Weight Comparative Analysis
New Perspective is currently under evaluation in cash position weight among similar funds. Percentage of fund asset invested in cash equivalents or risk-free instruments. About 40% of all global funds carry cash on their balance sheet.
New Perspective 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 Perspective mutual fund to make a market-neutral strategy. Peer analysis of New Perspective could also be used in its relative valuation, which is a method of valuing New Perspective by comparing valuation metrics with similar companies.
Peers
New Perspective Related Equities
MSTPX | Morningstar Municipal | 0.1 | ||||
TMNIX | Counterpoint Tactical | 0.09 | ||||
PRINX | T Rowe | 0.09 | ||||
FYMNX | Nuveen Minnesota | 0.09 | ||||
OKMUX | Oklahoma Municipal | 0.09 | ||||
PRFHX | T Rowe | 0.18 |
Other Information on Investing in New Mutual Fund
New Perspective 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 Perspective security.
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