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CNWAX
Mutual Fund ticker: NASDAQ
AS OF
Mar 4 closing price
Price
$77.03
Change
+$0.12 (+0.16%)
Net Assets
56.6B

CNWAX American Funds New World 529A Forecast, Technical & Fundamental Analysis

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Microsoft Corp (NASDAQ:MSFT), Meta Platforms (NASDAQ:META), Eli Lilly & Co (NYSE:LLY), Broadcom (NASDAQ:AVGO).

Industry description

The investment seeks long-term capital appreciation. The fund invests primarily in common stocks of companies with significant exposure to countries with developing economies and/or markets. Under normal market conditions, the fund invests at least 35% of its assets in equity and debt securities of issuers primarily based in qualified countries that have developing economies and/or markets.

Market Cap

The average market capitalization across the American Funds New World 529A MF is 562.48B. The market cap for tickers in the group ranges from 2.37B to 3.09T. MSFT holds the highest valuation in this group at 3.09T. The lowest valued company is AIR at 2.37B.

Volume

The average weekly volume growth across all stocks in the American Funds New World 529A MF was 31%. For the same stocks of the MF, the average monthly volume growth was -32% and the average quarterly volume growth was 49%

Fundamental Analysis Ratings

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

Valuation Rating: 66
P/E Growth Rating: 38
Price Growth Rating: 35
SMR Rating: 46
Profit Risk Rating: 35
Seasonality Score: 15 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category DiversifiedEmergingMkts

Profile
Fundamentals
Details
Category
Diversified Emerging Mkts
Address
New World Fund Inc333 South Hope StreetLos Angeles
Phone
(213) 486-9200
Web
www.americanfunds.com
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CNWAX and

Correlation & Price change

A.I.dvisor indicates that over the last year, CNWAX has been closely correlated with FNWFX. These tickers have moved in lockstep 100% of the time. This A.I.-generated data suggests there is a high statistical probability that if CNWAX jumps, then FNWFX could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To CNWAX
1D Price
Change %
CNWAX100%
+0.16%
FNWFX - CNWAX
100%
Closely correlated
+0.15%
RNWFX - CNWAX
100%
Closely correlated
+0.15%
FWWNX - CNWAX
100%
Closely correlated
+0.16%
VEIEX - CNWAX
86%
Closely correlated
-0.11%
VEMAX - CNWAX
86%
Closely correlated
-0.12%
More