Why You Should Care About Newgen Software Technologies Strong Returns On Capital - Simply Wall St

NEWGEN Stock   1,622  64.55  3.83%   
About 61% of Newgen Software's investor base is looking to short. The analysis of the overall prospects from investing in Newgen Software Technologies suggests that many traders are, at the present time, alarmed. The current market sentiment, together with Newgen Software's historical and current headlines, can help investors time the market. In addition, many technical investors use Newgen Software Tech stock news signals to limit their universe of possible portfolio assets.
  
Why You Should Care About Newgen Software Technologies Strong Returns On Capital Simply Wall St

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Newgen Software Fundamental Analysis

We analyze Newgen Software's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Newgen Software using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Newgen Software based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Price To Book

Price To Book Comparative Analysis

Newgen Software is currently under evaluation in price to book category among its peers. Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.

Newgen Software Tech Potential Pair-trading

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Newgen Software stock to make a market-neutral strategy. Peer analysis of Newgen Software could also be used in its relative valuation, which is a method of valuing Newgen Software by comparing valuation metrics with similar companies.

Peers

Newgen Software Related Equities

COSMOFIRSTCOSMO FIRST   4.80   
0%
100.0%
CHEMCONChemcon Speciality   0.82   
0%
17.0%
RICOAUTORico Auto   0.66   
0%
13.0%
PARAGMILKParag Milk   0.60   
0%
12.0%
KINGFAKingfa Science   0.20   
0%
4.0%
TBZTribhovandas Bhimji   0.05   
1.0%
0%
ARVINDArvind   0.35   
7.0%
0%
HEUBACHINDHeubach Colorants   0.38   
7.0%
0%
GATECHDVRGACM Technologies   1.08   
22.0%
0%
DELTAMAGNTDelta Manufacturing   1.61   
33.0%
0%

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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