NEWGEN Stock | | | 1,130 12.55 1.10% |
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 Common Stock Shares Outstanding and its Other Liab 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.
Common Stock Shares Outstanding vs Other Liab
Common Stock Shares Outstanding vs Other Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Newgen Software Tech Common Stock Shares Outstanding account and
Other Liab. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Newgen Software's Common Stock Shares Outstanding and Other Liab is 0.16. Overlapping area represents the amount of variation of Common Stock Shares Outstanding that can explain the historical movement of Other Liab 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 Common Stock Shares Outstanding and Other Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock Shares Outstanding of Newgen Software Technologies are associated (or correlated) with its Other Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Liab has no effect on the direction of Common Stock Shares Outstanding i.e., Newgen Software's Common Stock Shares Outstanding and Other Liab go up and down completely randomly.
Correlation Coefficient | 0.16 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.
Other Liab
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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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.