New Economy Value At Risk
| ANFFX Fund | | | USD 70.39 -1.72 -2.39% |
Observed values used in the Value At Risk indicator for New Economy Fund are included in this dataset. Comparable indicator datasets are structured within
Equity Screeners. For portfolio construction context, review
Trending Equities. Clearer exposure analysis supports long-term portfolio balance. A position in New Economy Fund appears within the mix. The allocation reflects this within the position set. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as
signals in price.
New Economy Fund has current Value At Risk of
-1.81. Value At Risk (or VAR) is a statistical technique used to measure the level of financial risk of investment instrument over a specific time frame. It is a widely used measure of the risk of loss on a specific investing instrument.
Value At Risk | = | ER[a] x N | + | (Z-SCORE x STD x SQRT (N)) |
| = | -1.81 | |
| ER[a] | = | Expected return on investing in New Economy |
| STD | = | Standard Deviation of New Economy |
| N | = | Number of points for the period |
| Z-SCORE | = | Number of standard deviations above or below the mean |
Value At Risk Peers Comparison
Value At Risk Relative To Other Indicators
New Economy Fund is rated
below average in value at risk among similar funds. It is currently under evaluation in maximum drawdown among similar funds .
Value At Risk is used by risk managers in order to measure and control the level of risk which the firm undertakes. The risk manager job is to ensure that risks are not taken beyond the level at which the firm can absorb the losses of a probable worst outcome. VAR can be defined as the loss level that will not be exceeded with a certain confidence level during a certain period of time.
Compare New Economy to Peers
Other Technical Indicators