Converge Technology Solutions Stock Probability of Future Stock Price Finishing Under 3.74
| CTS Stock | CAD 3.42 0.03 0.88% |
Converge |
Converge Technology Target Price Odds to finish below 3.74
The tendency of Converge 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 stay under C$ 3.74 after 90 days |
| 3.42 | 90 days | 3.74 | about 45.91 |
Based on a normal probability distribution, the odds of Converge Technology to stay under C$ 3.74 after 90 days from now is about 45.91 (This Converge Technology Solutions probability density function shows the probability of Converge Stock to fall within a particular range of prices over 90 days) . Probability of Converge Technology price to stay between its current price of C$ 3.42 and C$ 3.74 at the end of the 90-day period is about 19.69 .
Assuming the 90 days trading horizon the stock has the beta coefficient of 1.56 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Converge Technology will likely underperform. Additionally Converge Technology Solutions 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. Converge Technology Price Density |
| Price |
Predictive Modules for Converge Technology
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Converge Technology. 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.Converge Technology Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Converge Technology is not an exception. The market had few large corrections towards the Converge Technology'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 Converge Technology Solutions, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Converge Technology within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.34 | |
β | Beta against Dow Jones | 1.56 | |
σ | Overall volatility | 0.60 | |
Ir | Information ratio | -0.08 |
Converge Technology 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 Converge Technology for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Converge Technology can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Converge Technology generated a negative expected return over the last 90 days | |
| Converge Technology has high historical volatility and very poor performance | |
| Converge Technology has high likelihood to experience some financial distress in the next 2 years | |
| Converge Technology Solutions has accumulated 433.29 M in total debt with debt to equity ratio (D/E) of 0.33, which is about average as compared to similar companies. Converge Technology has a current ratio of 0.97, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Converge Technology until it has trouble settling it off, either with new capital or with free cash flow. So, Converge Technology's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Converge Technology sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Converge to invest in growth at high rates of return. When we think about Converge Technology's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the revenue of 2.71 B. Net Loss for the year was (1.45 M) with profit before overhead, payroll, taxes, and interest of 550.77 M. | |
| On 25th of October 2024 Converge Technology paid C$ 0.04 per share dividend to its current shareholders | |
| Latest headline from news.google.com: Converge Technology Solutions Designated as Apple Authorized Education Reseller in Canada - Barchart |
Converge Technology 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 Converge Stock often depends not only on the future outlook of the current and potential Converge Technology'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. Converge Technology's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 206.7 M | |
| Cash And Short Term Investments | 170.4 M |
Converge Technology Technical Analysis
Converge Technology's future price can be derived by breaking down and analyzing its technical indicators over time. Converge Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Converge Technology Solutions. In general, you should focus on analyzing Converge Stock price patterns and their correlations with different microeconomic environments and drivers.
Converge Technology Predictive Forecast Models
Converge Technology's time-series forecasting models is one of many Converge Technology'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 Converge Technology'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 Converge Technology
Checking the ongoing alerts about Converge Technology for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Converge Technology help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Converge Technology generated a negative expected return over the last 90 days | |
| Converge Technology has high historical volatility and very poor performance | |
| Converge Technology has high likelihood to experience some financial distress in the next 2 years | |
| Converge Technology Solutions has accumulated 433.29 M in total debt with debt to equity ratio (D/E) of 0.33, which is about average as compared to similar companies. Converge Technology has a current ratio of 0.97, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Converge Technology until it has trouble settling it off, either with new capital or with free cash flow. So, Converge Technology's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Converge Technology sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Converge to invest in growth at high rates of return. When we think about Converge Technology's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the revenue of 2.71 B. Net Loss for the year was (1.45 M) with profit before overhead, payroll, taxes, and interest of 550.77 M. | |
| On 25th of October 2024 Converge Technology paid C$ 0.04 per share dividend to its current shareholders | |
| Latest headline from news.google.com: Converge Technology Solutions Designated as Apple Authorized Education Reseller in Canada - Barchart |
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.