Newgen Software (India) Technical Analysis
| NEWGEN Stock | 1,180 50.45 4.46% |
As of the 1st of December, Newgen Software secures the Downside Deviation of 3.6, mean deviation of 2.6, and Risk Adjusted Performance of 0.0554. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Newgen Software Tech, as well as the relationship between them.
Newgen Software Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Newgen, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to NewgenNewgen |
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.
Newgen Software Tech Technical Analysis
The output start index for this execution was ten with a total number of output elements of fifty-one. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Newgen Software Tech volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Newgen Software Tech Trend Analysis
Use this graph to draw trend lines for Newgen Software Technologies. You can use it to identify possible trend reversals for Newgen Software as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Newgen Software price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Newgen Software Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Newgen Software Technologies applied against its price change over selected period. The best fit line has a slop of 0.7 , which may suggest that Newgen Software Technologies market price will keep on failing further. It has 122 observation points and a regression sum of squares at 18794.52, which is the sum of squared deviations for the predicted Newgen Software price change compared to its average price change.About Newgen Software Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Newgen Software Technologies on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Newgen Software Technologies based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Newgen Software Tech price pattern first instead of the macroeconomic environment surrounding Newgen Software Tech. By analyzing Newgen Software's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Newgen Software's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Newgen Software specific price patterns or momentum indicators. Please read more on our technical analysis page.
Newgen Software December 1, 2024 Technical Indicators
Most technical analysis of Newgen help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Newgen from various momentum indicators to cycle indicators. When you analyze Newgen charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0554 | |||
| Market Risk Adjusted Performance | 0.2217 | |||
| Mean Deviation | 2.6 | |||
| Semi Deviation | 3.42 | |||
| Downside Deviation | 3.6 | |||
| Coefficient Of Variation | 1608.83 | |||
| Standard Deviation | 3.59 | |||
| Variance | 12.88 | |||
| Information Ratio | 0.0238 | |||
| Jensen Alpha | 0.0847 | |||
| Total Risk Alpha | (0.39) | |||
| Sortino Ratio | 0.0237 | |||
| Treynor Ratio | 0.2117 | |||
| Maximum Drawdown | 24.69 | |||
| Value At Risk | (5.19) | |||
| Potential Upside | 5.58 | |||
| Downside Variance | 12.98 | |||
| Semi Variance | 11.67 | |||
| Expected Short fall | (3.08) | |||
| Skewness | (0.94) | |||
| Kurtosis | 4.72 |
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.
| Commodity Directory Find actively traded commodities issued by global exchanges | |
| Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios | |
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
| Share Portfolio Track or share privately all of your investments from the convenience of any device | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets |