Newgen Software (India) Market Value
| NEWGEN Stock | 918.45 18.45 1.97% |
| Symbol | Newgen |
Newgen Software 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Newgen Software's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Newgen Software.
| 12/19/2024 |
| 03/19/2025 |
If you would invest 0.00 in Newgen Software on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding Newgen Software Technologies or generate 0.0% return on investment in Newgen Software over 90 days. Newgen Software is related to or competes with Vidhi Specialty, Bikaji Foods, Generic Engineering, Vinati Organics, Action Construction, Bigbloc Construction, and Agro Tech. Newgen Software is entity of India. It is traded as Stock on NSE exchange. More
Newgen Software Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Newgen Software's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Newgen Software Technologies upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 27.66 | |||
| Value At Risk | (6.64) | |||
| Potential Upside | 5.19 |
Newgen Software Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Newgen Software's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Newgen Software's standard deviation. In reality, there are many statistical measures that can use Newgen Software historical prices to predict the future Newgen Software's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.54) | |||
| Total Risk Alpha | (0.10) | |||
| Treynor Ratio | (3.84) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Newgen Software's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Newgen Software Tech Backtested Returns
Newgen Software Tech has Sharpe Ratio of -0.18, which conveys that the firm had a -0.18 % return per unit of risk over the last 3 months. Newgen Software exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Newgen Software's Risk Adjusted Performance of (0.11), mean deviation of 2.84, and Standard Deviation of 4.11 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.14, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Newgen Software's returns are expected to increase less than the market. However, during the bear market, the loss of holding Newgen Software is expected to be smaller as well. At this point, Newgen Software Tech has a negative expected return of -0.74%. Please make sure to verify Newgen Software's accumulation distribution, as well as the relationship between the day typical price and relative strength index , to decide if Newgen Software Tech performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.42 |
Average predictability
Newgen Software Technologies has average predictability. Overlapping area represents the amount of predictability between Newgen Software time series from 19th of December 2024 to 2nd of February 2025 and 2nd of February 2025 to 19th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Newgen Software Tech price movement. The serial correlation of 0.42 indicates that just about 42.0% of current Newgen Software price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | 0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 2469.99 |
Newgen Software Tech lagged returns against current returns
Autocorrelation, which is Newgen Software stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Newgen Software's stock expected returns. We can calculate the autocorrelation of Newgen Software returns to help us make a trade decision. For example, suppose you find that Newgen Software has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Newgen Software regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Newgen Software stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Newgen Software stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Newgen Software stock over time.
Current vs Lagged Prices |
| Timeline |
Newgen Software Lagged Returns
When evaluating Newgen Software's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Newgen Software stock have on its future price. Newgen Software autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Newgen Software autocorrelation shows the relationship between Newgen Software stock current value and its past values and can show if there is a momentum factor associated with investing in Newgen Software Technologies.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Newgen Stock
Newgen Software financial ratios help investors to determine whether Newgen Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Newgen with respect to the benefits of owning Newgen Software security.