NEW WORLD Total Risk Alpha
| NEWCX Fund | | | USD 87.79 0.96 1.11% |
Observed values used in the Total Risk Alpha indicator for New World Fund are included in this dataset. Data coverage may vary across sources and reporting intervals.
Correlation Analysis frames the approach to diversified portfolio design. The information is presented without directional commentary. New World Fund can be tracked within a custom portfolio for ongoing monitoring. This view summarizes available data without implying outcomes. Broader economic conditions can influence New World Fund's mutual fund valuation — related indicators include
signals in discontinued.
New World Fund has current Total Risk Alpha of 0.1016. The total risk alpha measures the performance of an asset by comparing its returns with those of a selected benchmark portfolio.
Total Risk Alpha | = | RFR + (ER[b] - ER[a]) | x | STD[a] / STD[b] |
| = | 0.1016 | |
| ER[a] | = | Expected return on investing in NEW WORLD |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on NEW WORLD |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Total Risk Alpha Peers Comparison
Total Risk Alpha Relative To Other Indicators
New World Fund is rated
fourth in total risk alpha among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
56.39 of Maximum Drawdown per Total Risk Alpha. At
56.39 , New World Fund's Maximum Drawdown-to-Total Risk Alpha multiple reflects the spread between these metrics
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare NEW WORLD to Peers
Other Technical Indicators