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RNGHX
Mutual Fund ticker: NASDAQ
AS OF
Mar 1 closing price
Price
$58.70
Change
+$0.93 (+1.61%)
Net Assets
33.39B

RNGHX Price Prediction, American Funds New Economy R5E AI Recommendations

Mutual Fund market charts, price targets, analyst ratings and a financial calendar

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 R5E MF is 852.12B. The market cap for tickers in the group ranges from 81.76B to 3.09T. MSFT holds the highest valuation in this group at 3.09T. The lowest valued company is MELI at 81.76B.

Volume

The average weekly volume growth across all stocks in the American Funds New Economy R5E MF was 13%. For the same stocks of the MF, the average monthly volume growth was -36% and the average quarterly volume growth was 25%

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: 34 (-100 ... +100)
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A.I.Advisor
published price charts
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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RNGHX and

Correlation & Price change

A.I.dvisor indicates that over the last year, RNGHX 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 RNGHX jumps, then RNPFX could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To RNGHX
1D Price
Change %
RNGHX100%
+1.61%
RNPFX - RNGHX
97%
Closely correlated
+1.20%
RNPCX - RNGHX
96%
Closely correlated
+1.21%
RNPBX - RNGHX
96%
Closely correlated
+1.20%
RNPEX - RNGHX
96%
Closely correlated
+1.21%
NPFFX - RNGHX
96%
Closely correlated
+1.20%
More