Concentrix Stock Probability of Future Stock Price Finishing Over 48.05
| CNXC Stock | USD 44.95 0.03 0.07% |
Concentrix |
Concentrix Target Price Odds to finish over 48.05
The tendency of Concentrix Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move over $ 48.05 or more in 90 days |
| 44.95 | 90 days | 48.05 | about 65.19 |
Based on a normal probability distribution, the odds of Concentrix to move over $ 48.05 or more in 90 days from now is about 65.19 (This Concentrix probability density function shows the probability of Concentrix Stock to fall within a particular range of prices over 90 days) . Probability of Concentrix price to stay between its current price of $ 44.95 and $ 48.05 at the end of the 90-day period is about 9.14 .
Given the investment horizon of 90 days Concentrix has a beta of 1.0 suggesting Concentrix market returns are highly-sensitive to returns on the market. As the market goes up or down, Concentrix is expected to follow. Additionally Concentrix has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Concentrix Price Density |
| Price |
Predictive Modules for Concentrix
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Concentrix. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Concentrix'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.
Concentrix Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Concentrix is not an exception. The market had few large corrections towards the Concentrix's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Concentrix, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Concentrix within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.77 | |
β | Beta against Dow Jones | 1.00 | |
σ | Overall volatility | 11.78 | |
Ir | Information ratio | -0.22 |
Concentrix Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Concentrix for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Concentrix can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Concentrix generated a negative expected return over the last 90 days | |
| Concentrix has high historical volatility and very poor performance | |
| Over 85.0% of the company shares are held by institutions such as insurance companies | |
| On 5th of November 2024 Concentrix paid $ 0.3328 per share dividend to its current shareholders | |
| Latest headline from gurufocus.com: Concentrix Corp Trading 10.09 percent Higher on Nov 22 |
Concentrix Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Concentrix Stock often depends not only on the future outlook of the current and potential Concentrix's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Concentrix's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 54 M | |
| Cash And Short Term Investments | 295.3 M |
Concentrix Technical Analysis
Concentrix's future price can be derived by breaking down and analyzing its technical indicators over time. Concentrix Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Concentrix. In general, you should focus on analyzing Concentrix Stock price patterns and their correlations with different microeconomic environments and drivers.
Concentrix Predictive Forecast Models
Concentrix's time-series forecasting models is one of many Concentrix's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Concentrix's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Concentrix
Checking the ongoing alerts about Concentrix for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Concentrix help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Concentrix generated a negative expected return over the last 90 days | |
| Concentrix has high historical volatility and very poor performance | |
| Over 85.0% of the company shares are held by institutions such as insurance companies | |
| On 5th of November 2024 Concentrix paid $ 0.3328 per share dividend to its current shareholders | |
| Latest headline from gurufocus.com: Concentrix Corp Trading 10.09 percent Higher on Nov 22 |
Check out Concentrix Backtesting, Concentrix Valuation, Concentrix Correlation, Concentrix Hype Analysis, Concentrix Volatility, Concentrix History as well as Concentrix Performance. For information on how to trade Concentrix Stock refer to our How to Trade Concentrix Stock guide.You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Is Data Processing & Outsourced Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Concentrix. If investors know Concentrix will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Concentrix listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.83) | Dividend Share 1.21 | Earnings Share 3.02 | Revenue Per Share 146.1 | Quarterly Revenue Growth 0.462 |
The market value of Concentrix is measured differently than its book value, which is the value of Concentrix that is recorded on the company's balance sheet. Investors also form their own opinion of Concentrix's value that differs from its market value or its book value, called intrinsic value, which is Concentrix's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Concentrix's market value can be influenced by many factors that don't directly affect Concentrix's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Concentrix's value and its price as these two are different measures arrived at by different means. Investors typically determine if Concentrix is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Concentrix's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.