MENU
+Compare
RNGCX
Mutual Fund ticker: NASDAQ
AS OF
Jul 11 closing price
Price
$64.70
Change
-$0.33 (-0.51%)
Net Assets
38.89B

RNGCX American Funds New Economy R3 Forecast, Technical & Fundamental Analysis

The investment seeks long term growth of capital... Show more

Interact to see
Advertisement
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Microsoft Corp (NASDAQ:MSFT), Amazon.com (NASDAQ:AMZN), Broadcom Inc. (NASDAQ:AVGO), Meta Platforms (NASDAQ:META), Eli Lilly & Co (NYSE:LLY), 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 R3 MF is 1.12T. The market cap for tickers in the group ranges from 121.04B to 3.15T. MSFT holds the highest valuation in this group at 3.15T. The lowest valued company is MELI at 121.04B.

Volume

The average weekly volume growth across all stocks in the American Funds New Economy R3 MF was 51%. For the same stocks of the MF, the average monthly volume growth was -2% and the average quarterly volume growth was -3%

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: 68
Price Growth Rating: 37
SMR Rating: 31
Profit Risk Rating: 34
Seasonality Score: 9 (-100 ... +100)
View a ticker or compare two or three
Interact to see
Advertisement
A.I. Advisor
published General Information

General Information

Category ForeignLargeGrowth

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
Interesting Tickers
1D
1W
1M
1Q
6M
1Y
5Y
1 Day
STOCK / NAMEPrice $Chg $Chg %
HRZN8.280.16
+1.97%
Horizon Technology Finance Corp
AS38.14N/A
N/A
Amer Sports
NYMTZ18.39-0.16
-0.86%
New York Mortgage Trust
NGVT47.56-0.66
-1.37%
Ingevity Corp
GRRR20.24-0.86
-4.08%
Gorilla Technology Group

RNGCX and MutualFunds

Correlation & Price change

A.I.dvisor indicates that over the last year, RNGCX has been closely correlated with NPFCX. These tickers have moved in lockstep 96% of the time. This A.I.-generated data suggests there is a high statistical probability that if RNGCX jumps, then NPFCX could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To RNGCX
1D Price
Change %
RNGCX100%
-0.51%
NPFCX - RNGCX
96%
Closely correlated
-0.60%
RNPGX - RNGCX
88%
Closely correlated
-0.61%
RNPFX - RNGCX
88%
Closely correlated
-0.60%
ANWPX - RNGCX
88%
Closely correlated
-0.60%
RNPEX - RNGCX
88%
Closely correlated
-0.59%
More