Newgen Software (India) Price on November 7, 2023

NEWGEN Stock   1,574  51.80  3.40%   
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 1,574, as last reported on the 22nd of December, with the highest price reaching 1,629 and the lowest price hitting 1,526 during the day.
200 Day MA
1.1 K
50 Day MA
1.3 K
Beta
1.249
 
Covid
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 0.0929, which conveys that the firm had a 0.0929% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Newgen Software, which you can use to evaluate the volatility of the firm. Please exercise Newgen Software's Downside Deviation of 3.75, mean deviation of 2.56, and Risk Adjusted Performance of 0.1116 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.

Sharpe Ratio = 0.0929

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Estimated Market Risk

 3.5
  actual daily
31
69% of assets are more volatile

Expected Return

 0.33
  actual daily
6
94% of assets have higher returns

Risk-Adjusted Return

 0.09
  actual daily
7
93% of assets perform better
Based on monthly moving average Newgen Software is performing at about 7% 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
16.9582
Enterprise Value Ebitda
53.5916
Price Sales
16.0245
Shares Float
54.4 M
Wall Street Target Price
1.4 K

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Newgen Software Valuation on November 7, 2023

It is possible to determine the worth of Newgen Software on a given historical date. On November 7, 2023 Newgen was worth 580.16 at the beginning of the trading date compared to the closed value of 574.25. 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
  558.84    580.26    557.74    576.47    94,904  
11/07/2023
  580.16    587.20    570.79    574.25    156,370  
  583.99    602.67    571.74    589.60    121,312  
Backtest Newgen Software  |  Newgen Software History  |  Newgen Software Valuation   PreviousNext  
Open Value
580.16
569.66
Downside
574.25
Closing Value
590.66
Upside

Newgen Software Trading Date Momentum on November 7, 2023

On November 08 2023 Newgen Software Technologies was traded for  589.60  at the closing time. The highest price during the trading period was 602.67  and the lowest recorded bid was listed for  571.74 . The volume for the day was 121.3 K. This history from November 8, 2023 contributed to the next trading day price jump. The trading delta at closing time to the next closing price was 2.67% . The trading delta at closing time to the current price is 4.52% .

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 ReportedProjected for Next Year
Common Stock Shares Outstanding143.8 M146.7 M
Net Income Applicable To Common SharesB2.1 B

Newgen Software Quarterly Net Working Capital

9.26 Billion

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.
A focus of Newgen Software technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Newgen Software trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Newgen Software Period Price Range

Low
December 22, 2024
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High

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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 22, 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.

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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