New Economy Fund Price History

CNGFX Fund  USD 60.36  0.42  0.69%   
Below is the normalized historical share price chart for New Economy Fund extending back to March 12, 2002. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of New Economy stands at 60.36, as last reported on the 20th of December, with the highest price reaching 60.36 and the lowest price hitting 60.36 during the day.
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
If you're considering investing in New Mutual Fund, it is important to understand the factors that can impact its price. New Economy Fund has Sharpe Ratio of -0.0592, which conveys that the entity had a -0.0592% return per unit of risk over the last 3 months. New Economy exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify New Economy's Standard Deviation of 1.46, risk adjusted performance of (0.03), and Mean Deviation of 0.8391 to check out the risk estimate we provide.
  
New Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0592

Best PortfolioBest Equity
Good Returns
Average Returns
Small Returns
CashSmall RiskAverage RiskHigh RiskHuge Risk
Negative ReturnsCNGFX

Estimated Market Risk

 1.47
  actual daily
13
87% of assets are more volatile

Expected Return

 -0.09
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.06
  actual daily
0
Most of other assets perform better
Based on monthly moving average New Economy is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of New Economy by adding New Economy to a well-diversified portfolio.

New Economy Mutual Fund Price History Chart

There are several ways to analyze New Economy Fund price data. The simplest method is using a basic New candlestick price chart, which shows New Economy price history and the buying and selling dynamics of a specified period. Many traders also use subjective judgment to their trading calls, avoiding the need to trade based on technical analysis.
Highest PriceDecember 16, 202469.28
Lowest PriceDecember 19, 202460.36

New Economy December 20, 2024 Mutual Fund Price Synopsis

Various analyses of New Economy's daily price changes, such as its Balance Of Power or Price Action, are crucial when deciding whether to buy, hold, or sell New Mutual Fund. It can be used to describe the percentage change in the price of New Economy from one trading day to the next and could be a valuable metric for traders and investors to gauge the volatility and momentum of New Mutual Fund.
New Economy Price Rate Of Daily Change 0.99 
New Economy Price Action Indicator(0.21)

New Economy December 20, 2024 Mutual Fund Price Analysis

When benchmark price declines in a down market, there may be an uptick in New Economy Fund price where buyers come in believing the asset is cheap or selling overdone. The opposite is true when the market is bullish. You can use New Economy intraday prices and daily technical indicators to check the level of noise trading in New Economy Fund and then apply it to test your longer-term investment strategies against New.

New Mutual Fund Price History Data

The price series of New Economy for the period between Sat, Sep 21, 2024 and Fri, Dec 20, 2024 has a statistical range of 8.92 with a coefficient of variation of 2.53. The prices are distributed with arithmetic mean of 65.72. The median price for the last 90 days is 65.68. The company issued dividends on 12/18/2019.
OpenHighLowCloseVolume
12/20/2024
 60.36  60.36  60.36  60.36 
12/19/2024 60.36  60.36  60.36  60.36  1.00 
12/18/2024 60.78  60.78  60.78  60.78  1.00 
12/17/2024 62.97  62.97  62.97  62.97  1.00 
12/16/2024 69.28  69.28  69.28  69.28  1.00 
12/13/2024 68.44  68.44  68.44  68.44  1.00 
12/12/2024 67.78  67.78  67.78  67.78  1.00 
12/11/2024 68.27  68.27  68.27  68.27  1.00 
12/10/2024 67.34  67.34  67.34  67.34  1.00 
12/09/2024 67.80  67.80  67.80  67.80  1.00 
12/06/2024 68.23  68.23  68.23  68.23  1.00 
12/05/2024 67.78  67.78  67.78  67.78  1.00 
12/04/2024 68.17  68.17  68.17  68.17  1.00 
12/03/2024 67.27  67.27  67.27  67.27  1.00 
12/02/2024 67.11  67.11  67.11  67.11  1.00 
11/29/2024 66.69  66.69  66.69  66.69  1.00 
11/27/2024 66.37  66.37  66.37  66.37  1.00 
11/26/2024 66.86  66.86  66.86  66.86  1.00 
11/25/2024 66.61  66.61  66.61  66.61  1.00 
11/22/2024 66.05  66.05  66.05  66.05  1.00 
11/21/2024 65.68  65.68  65.68  65.68  1.00 
11/20/2024 65.39  65.39  65.39  65.39  1.00 
11/19/2024 65.22  65.22  65.22  65.22  1.00 
11/18/2024 64.99  64.99  64.99  64.99  1.00 
11/15/2024 64.87  64.87  64.87  64.87  1.00 
11/14/2024 66.18  66.18  66.18  66.18  1.00 
11/13/2024 66.89  66.89  66.89  66.89  1.00 
11/12/2024 67.29  67.29  67.29  67.29  1.00 
11/11/2024 67.78  67.78  67.78  67.78  1.00 
11/08/2024 67.68  67.68  67.68  67.68  1.00 
11/07/2024 67.44  67.44  67.44  67.44  1.00 
11/06/2024 67.04  67.04  67.04  67.04  1.00 
11/05/2024 65.70  65.70  65.70  65.70  1.00 
11/04/2024 64.75  64.75  64.75  64.75  1.00 
11/01/2024 64.76  64.76  64.76  64.76  1.00 
10/31/2024 64.25  64.25  64.25  64.25  1.00 
10/30/2024 65.67  65.67  65.67  65.67  1.00 
10/29/2024 65.86  65.86  65.86  65.86  1.00 
10/28/2024 65.51  65.51  65.51  65.51  1.00 
10/25/2024 65.51  65.51  65.51  65.51  1.00 
10/24/2024 65.45  65.45  65.45  65.45  1.00 
10/23/2024 65.28  65.28  65.28  65.28  1.00 
10/22/2024 66.05  66.05  66.05  66.05  1.00 
10/21/2024 66.18  66.18  66.18  66.18  1.00 
10/18/2024 66.30  66.30  66.30  66.30  1.00 
10/17/2024 66.20  66.20  66.20  66.20  1.00 
10/16/2024 65.79  65.79  65.79  65.79  1.00 
10/15/2024 65.47  65.47  65.47  65.47  1.00 
10/14/2024 66.38  66.38  66.38  66.38  1.00 
10/11/2024 65.94  65.94  65.94  65.94  1.00 
10/10/2024 65.41  65.41  65.41  65.41  1.00 
10/09/2024 65.45  65.45  65.45  65.45  1.00 
10/08/2024 64.94  64.94  64.94  64.94  1.00 
10/07/2024 64.20  64.20  64.20  64.20  1.00 
10/04/2024 64.60  64.60  64.60  64.60  1.00 
10/03/2024 63.94  63.94  63.94  63.94  1.00 
10/02/2024 64.06  64.06  64.06  64.06  1.00 
10/01/2024 63.99  63.99  63.99  63.99  1.00 
09/30/2024 64.63  64.63  64.63  64.63  1.00 
09/27/2024 64.71  64.71  64.71  64.71  1.00 
09/26/2024 65.10  65.10  65.10  65.10  1.00 

About New Economy Mutual Fund history

New Economy investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for New is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in New Economy Fund will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing New Economy stock prices may prove useful in developing a viable investing in New Economy
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.

New Economy Mutual Fund Technical Analysis

New Economy technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
A focus of New Economy technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of New Economy trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Did you try this?

Run Positions Ratings Now

   

Positions Ratings

Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance
All  Next Launch Module

New Economy Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for New Economy's price direction in advance. Along with the technical and fundamental analysis of New Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of New to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.

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.
Transaction History
View history of all your transactions and understand their impact on performance
Portfolio Analyzer
Portfolio analysis module that provides access to portfolio diagnostics and optimization engine
Economic Indicators
Top statistical indicators that provide insights into how an economy is performing