Newgen Software (India) Price on December 2, 2024
| NEWGEN Stock | 1,418 64.65 4.78% |
Below is the normalized historical share price chart for Newgen Software Technologies extending back to January 29, 2018. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Newgen Software stands at 1,418, as last reported on the 11th of December 2024, with the highest price reaching 1,474 and the lowest price hitting 1,390 during the day.
If you're considering investing in Newgen Stock, it is important to understand the factors that can impact its price. Newgen Software appears to be very steady, given 3 months investment horizon. Newgen Software Tech has Sharpe Ratio of 0.13, which conveys that the firm had a 0.13% return per unit of risk over the last 3 months. By analyzing Newgen Software's technical indicators, you can evaluate if the expected return of 0.5% is justified by implied risk. Please exercise Newgen Software's Mean Deviation of 2.69, downside deviation of 3.65, and Risk Adjusted Performance of 0.0981 to check out if our risk estimates are consistent with your expectations.
At present, Newgen Software's Total Stockholder Equity is projected to increase significantly based on the last few years of reporting. The current year's Common Stock Shares Outstanding is expected to grow to about 146.7 M, whereas Other Stockholder Equity is forecasted to decline to about 353.2 M. . Newgen Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 1 K | 50 Day MA 1.2 K | Beta 1.249 |
Newgen |
Sharpe Ratio = 0.1314
| Best Portfolio | Best Equity | |||
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| Small Returns | NEWGEN | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 3.77 actual daily | 33 67% of assets are more volatile |
Expected Return
| 0.5 actual daily | 9 91% of assets have higher returns |
Risk-Adjusted Return
| 0.13 actual daily | 10 90% of assets perform better |
Based on monthly moving average Newgen Software is performing at about 10% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Newgen Software by adding it to a well-diversified portfolio.
Price Book 15.3971 | Enterprise Value Ebitda 48.4887 | Price Sales 14.4361 | Shares Float 54.4 M | Wall Street Target Price 1.4 K |
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Newgen Software Valuation on December 2, 2024
It is possible to determine the worth of Newgen Software on a given historical date. On December 2, 2024 Newgen was worth 1175.05 at the beginning of the trading date compared to the closed value of 1176.6. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Newgen Software stock. Still, in general, we apply an absolute valuation method to find Newgen Software's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Newgen Software where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Newgen Software's related companies.
| Open | High | Low | Close | Volume | |
| 1,153 | 1,187 | 1,150 | 1,180 | 423,111 | |
12/02/2024 | 1,175 | 1,182 | 1,151 | 1,177 | 172,438 |
| 1,175 | 1,236 | 1,165 | 1,212 | 242,557 |
| Backtest Newgen Software | | | Newgen Software History | | | Newgen Software Valuation | Previous | Next |
Newgen Software Trading Date Momentum on December 2, 2024
| On December 03 2024 Newgen Software Technologies was traded for 1,212 at the closing time. The highest price during the trading period was 1,236 and the lowest recorded bid was listed for 1,165 . The volume for the day was 242.6 K. This history from December 3, 2024 contributed to the next trading day price jump. The trading delta at closing time to the next closing price was 2.97% . The trading delta at closing time to the current price is 21.96% . |
Newgen Software Tech Fundamentals Correlations and Trends
By evaluating Newgen Software's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Newgen Software's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Newgen financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Newgen Software Stock history
Newgen Software investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Newgen is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Newgen Software Tech will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Newgen Software stock prices may prove useful in developing a viable investing in Newgen Software
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 143.8 M | 146.7 M | |
| Net Income Applicable To Common Shares | 2 B | 2.1 B |
Newgen Software Quarterly Net Working Capital |
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Newgen Software Stock Technical Analysis
Newgen Software technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Newgen Software Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Newgen Software Technologies cannot be verified against its exchange. Please verify the symbol is currently traded on National Stock Exchange of India. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Newgen Software December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Newgen Software stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Newgen Software shares will generate the highest return on investment. By undertsting and applying Newgen Software stock market strength indicators, traders can identify Newgen Software Technologies entry and exit signals to maximize returns
Newgen Software Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Newgen Software's price direction in advance. Along with the technical and fundamental analysis of Newgen Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Newgen to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0981 | |||
| Jensen Alpha | 0.344 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | 0.0915 | |||
| Treynor Ratio | 0.4912 |
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| Volume Indicators |
Complementary Tools for Newgen Stock analysis
When running Newgen Software's price analysis, check to measure Newgen Software's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Newgen Software is operating at the current time. Most of Newgen Software's value examination focuses on studying past and present price action to predict the probability of Newgen Software's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Newgen Software's price. Additionally, you may evaluate how the addition of Newgen Software to your portfolios can decrease your overall portfolio volatility.
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