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CNGCX
Mutual Fund ticker: NASDAQ
AS OF
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Price
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Change
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Net Assets
32.78B

CNGCX American Funds New Economy 529C Forecast, Technical & Fundamental Analysis

Category Unknown
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Microsoft Corp (NASDAQ:MSFT), Amazon.com (NASDAQ:AMZN), Meta Platforms (NASDAQ:META), Eli Lilly & Co (NYSE:LLY), Broadcom (NASDAQ:AVGO), Unitedhealth Group (NYSE:UNH), Mastercard (NYSE:MA).

Industry description

The investment seeks long term growth of capital. 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% of its assets outside the United States, including in developing countries.

Market Cap

The average market capitalization across the American Funds New Economy 529C MF is 843.9B. The market cap for tickers in the group ranges from 80.08B to 3.07T. MSFT holds the highest valuation in this group at 3.07T. The lowest valued company is MELI at 80.08B.

Volume

The average weekly volume growth across all stocks in the American Funds New Economy 529C MF was -5%. For the same stocks of the MF, the average monthly volume growth was 3% and the average quarterly volume growth was 34%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 72
P/E Growth Rating: 40
Price Growth Rating: 25
SMR Rating: 40
Profit Risk Rating: 24
Seasonality Score: 39 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category Unknown

Profile
Fundamentals
Details
Category
Global Large-Stock Growth
Address
THE NEW ECONOMY FUND333 South Hope StreetLos Angeles
Phone
(213) 486-9200
Web
www.americanfunds.com
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CNGCX and

Correlation & Price change

A.I.dvisor indicates that over the last year, CNGCX has been closely correlated with RNPFX. These tickers have moved in lockstep 97% of the time. This A.I.-generated data suggests there is a high statistical probability that if CNGCX jumps, then RNPFX could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To CNGCX
1D Price
Change %
CNGCX100%
+0.27%
RNPFX - CNGCX
97%
Closely correlated
+0.07%
RNPCX - CNGCX
96%
Closely correlated
+0.07%
RNPBX - CNGCX
96%
Closely correlated
+0.07%
RNPEX - CNGCX
96%
Closely correlated
+0.07%
NPFFX - CNGCX
96%
Closely correlated
+0.07%
More