Converge Free Cash Flow Per Share from 2010 to 2024
| CTS Stock | CAD 3.42 0.06 1.79% |
Free Cash Flow Per Share | First Reported 2010-12-31 | Previous Quarter 0.89508879 | Current Value 0.99 | Quarterly Volatility 1.90913583 |
Check Converge Technology financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Converge Technology's main balance sheet or income statement drivers, such as Depreciation And Amortization of 126 M, Interest Expense of 43.3 M or Other Operating Expenses of 2.8 B, as well as many indicators such as Price To Sales Ratio of 0.33, Dividend Yield of 0.0076 or PTB Ratio of 1.53. Converge financial statements analysis is a perfect complement when working with Converge Technology Valuation or Volatility modules.
Converge | Free Cash Flow Per Share |
Pair Trading with Converge Technology
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Converge Technology position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Converge Technology will appreciate offsetting losses from the drop in the long position's value.Moving against Converge Stock
| 0.68 | WMT | Walmart Inc CDR | PairCorr |
| 0.66 | AMZN | Amazon CDR | PairCorr |
| 0.6 | JPM | JPMorgan Chase | PairCorr |
| 0.6 | BN | Brookfield | PairCorr |
| 0.47 | UPS | UPS CDR | PairCorr |
The ability to find closely correlated positions to Converge Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Converge Technology when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Converge Technology - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Converge Technology Solutions to buy it.
The correlation of Converge Technology is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Converge Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Converge Technology moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Converge Technology can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Converge Stock
Converge Technology financial ratios help investors to determine whether Converge 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 Converge with respect to the benefits of owning Converge Technology security.