NEWGEN Stock | | | 1,574 51.80 3.40% |
Newgen Software financial indicator trend analysis is infinitely more than just investigating Newgen Software Tech recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Newgen Software Tech is a good investment. Please check the relationship between Newgen Software Good Will and its Common Stock accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Newgen Software Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in income.
Good Will vs Common Stock
Good Will vs Common Stock Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Newgen Software Tech Good Will account and
Common Stock. At this time, the significance of the direction appears to have strong relationship.
The correlation between Newgen Software's Good Will and Common Stock is 0.65. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Common Stock in the same time period over historical financial statements of Newgen Software Technologies, assuming nothing else is changed. The correlation between historical values of Newgen Software's Good Will and Common Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Good Will of Newgen Software Technologies are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Good Will i.e., Newgen Software's Good Will and Common Stock go up and down completely randomly.
Correlation Coefficient | 0.65 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Good Will
An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.
Common Stock
Most indicators from Newgen Software's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Newgen Software Tech current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Newgen Software Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in income.
The current year's
Selling General Administrative is expected to grow to about 984
M, whereas
Tax Provision is forecasted to decline to about 349.1
M.
Newgen Software fundamental ratios Correlations
Click cells to compare fundamentals
Newgen Software Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Newgen Software fundamental ratios Accounts
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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
Balance Sheet is a snapshot of the
financial position of Newgen Software Tech at a specified time, usually calculated after every quarter, six months, or one year. Newgen Software Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Newgen Software and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Newgen currently owns. An asset can also be divided into two categories, current and non-current.