NEW LIGHT (India) Today

NEW LIGHT is trading at 41.50 as of the 5th of December 2021. This is a -3.49 percent decrease since the beginning of the trading day. The stock's open price was 43.0. Equity ratings for NEW LIGHT APPARELS are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 5th of November 2021 and ending today, the 5th of December 2021. Click here to learn more.
Valuation
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NEW LIGHT Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. If you consider yourself one of those investors, make sure you clearly understand your entering position. NEW LIGHT's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding NEW LIGHT or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
NEW LIGHT APPARELS is not yet fully synchronised with the market data
NEW LIGHT APPARELS generated a negative expected return over the last 90 days
NEW LIGHT APPARELS has high historical volatility and very poor performance
NEW LIGHT APPARELS has high likelihood to experience some financial distress in the next 2 years
The company reported the revenue of 89.37 M. Net Loss for the year was (1.54 M) with profit before overhead, payroll, taxes, and interest of 12.27 M.
About 94.0% of the company outstanding shares are owned by corporate insiders
Legal NameNEW LIGHT APPARELS
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of NEW LIGHT's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Not RatedFairly Valued
NEW LIGHT APPARELS (NEWLIGHT) is traded on Bombay Stock Exchange in India and employs 12 people. The company currently falls under 'Micro-Cap' category with current market capitalization of 83.35 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate NEW LIGHT's market, we take the total number of its shares issued and multiply it by NEW LIGHT's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities. NEW LIGHT APPARELS operates under Consumer Cyclical sector and is part of Apparel Manufacturing industry. The entity has 2.2 M outstanding shares. NEW LIGHT APPARELS has accumulated about 112.49 K in cash with 9.5 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.05.
Check NEW LIGHT Probability Of Bankruptcy

NEWLIGHT Stock Price Odds Analysis

What are NEW LIGHT's target price odds to finish over the current price? In reference to a normal probability distribution, the odds of NEW LIGHT jumping above the current price in 90 days from now is about 77.93%. The NEW LIGHT APPARELS probability density function shows the probability of NEW LIGHT stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon NEW LIGHT APPARELS has a beta of -0.1542. This indicates as returns on benchmark increase, returns on holding NEW LIGHT are expected to decrease at a much lower rate. During the bear market, however, NEW LIGHT APPARELS is likely to outperform the market. Additionally, the company has an alpha of 0.6236, implying that it can generate a 0.62 percent excess return over DOW after adjusting for the inherited market risk (beta).
 Odds Down 41.5HorizonTargetOdds Up 41.5 
22.01%90 days
 41.50 
77.93%
Based on a normal probability distribution, the odds of NEW LIGHT to move above the current price in 90 days from now is about 77.93 (This NEW LIGHT APPARELS probability density function shows the probability of NEWLIGHT Stock to fall within a particular range of prices over 90 days) .

NEW LIGHT APPARELS Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. NEW LIGHT market risk premium is the additional return an investor will receive from holding NEW LIGHT long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in NEW LIGHT. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although NEW LIGHT's alpha and beta are two of the key measurements used to evaluate NEW LIGHT's performance over the market, the standard measures of volatility play an important role as well.

NEWLIGHT Stock Against Markets

Picking the right benchmark for NEW LIGHT stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in NEW LIGHT stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for NEW LIGHT is critical whether you are bullish or bearish towards NEW LIGHT APPARELS at a given time.

View Currently Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with NEW LIGHT stock to make a market-neutral strategy. Peer analysis of NEW LIGHT could also be used in its relative valuation, which is a method of valuing NEW LIGHT by comparing valuation metrics with similar companies.
Additionally, see Stocks Correlation. Note that the NEW LIGHT APPARELS information on this page should be used as a complementary analysis to other NEW LIGHT's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.

Other Tools for NEWLIGHT Stock

When running NEW LIGHT APPARELS price analysis, check to measure NEW LIGHT'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 NEW LIGHT is operating at the current time. Most of NEW LIGHT's value examination focuses on studying past and present price action to predict the probability of NEW LIGHT's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move NEW LIGHT's price. Additionally, you may evaluate how the addition of NEW LIGHT to your portfolios can decrease your overall portfolio volatility.
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