Newgen Software (India) Market Value
| NEWGEN Stock | 1,102 8.05 0.73% |
| 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.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Newgen Software on December 3, 2022 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 720 days. Newgen Software is related to or competes with Divis Laboratories, Indo Borax, Kingfa Science, Alkali Metals, Gravita India, KNR Constructions, and Rico Auto. 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.
| Downside Deviation | 3.54 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 24.69 | |||
| Value At Risk | (5.19) | |||
| Potential Upside | 5.58 |
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 | 0.0181 | |||
| Jensen Alpha | 0.0384 | |||
| Total Risk Alpha | (0.43) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (8.63) |
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
At this point, Newgen Software is very steady. Newgen Software Tech has Sharpe Ratio of 0.0403, which conveys that the firm had a 0.0403% return per unit of risk over the last 3 months. We have found thirty technical indicators for Newgen Software, which you can use to evaluate the volatility of the firm. Please verify Newgen Software's Mean Deviation of 2.54, risk adjusted performance of 0.0181, and Downside Deviation of 3.54 to check out if the risk estimate we provide is consistent with the expected return of 0.15%. Newgen Software has a performance score of 3 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.0044, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Newgen Software are expected to decrease at a much lower rate. During the bear market, Newgen Software is likely to outperform the market. Newgen Software Tech right now secures a risk of 3.61%. Please verify Newgen Software Technologies skewness, and the relationship between the potential upside and rate of daily change , to decide if Newgen Software Technologies will be following its current price movements.
Auto-correlation | 0.88 |
Very good predictability
Newgen Software Technologies has very good predictability. Overlapping area represents the amount of predictability between Newgen Software time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd of November 2024. 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 0.88 indicates that approximately 88.0% of current Newgen Software price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.88 | |
| Spearman Rank Test | 0.91 | |
| Residual Average | 0.0 | |
| Price Variance | 36.3 K |
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.