Converge Technology Solutions Stock Alpha and Beta Analysis
| CTS Stock | CAD 3.36 0.06 1.82% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Converge Technology Solutions. It also helps investors analyze the systematic and unsystematic risks associated with investing in Converge Technology over a specified time horizon. Remember, high Converge Technology's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Converge Technology's market risk premium analysis include:
Beta 0.68 | Alpha (0.39) | Risk 4.12 | Sharpe Ratio (0.10) | Expected Return (0.43) |
Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Converge |
Converge Technology Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Converge Technology market risk premium is the additional return an investor will receive from holding Converge Technology 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 Converge Technology. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Converge Technology's performance over market.| α | -0.39 | β | 0.68 |
Converge Technology expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Converge Technology's Buy-and-hold return. Our buy-and-hold chart shows how Converge Technology performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Converge Technology Market Price Analysis
Market price analysis indicators help investors to evaluate how Converge Technology stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Converge Technology shares will generate the highest return on investment. By understating and applying Converge Technology stock market price indicators, traders can identify Converge Technology position entry and exit signals to maximize returns.
Converge Technology Return and Market Media
The median price of Converge Technology for the period between Sat, Aug 24, 2024 and Fri, Nov 22, 2024 is 4.38 with a coefficient of variation of 14.46. The daily time series for the period is distributed with a sample standard deviation of 0.6, arithmetic mean of 4.12, and mean deviation of 0.52. The Stock received some media coverage during the period. Price Growth (%) |
| Timeline |
1 | Converge Technology Solutions Announces PCI-DSS Certification for IBM Power for Google Cloud Platform - PR Newswire | 09/17/2024 |
2 | The Silver Lining In Converge Technologys Selloff And Strategy For Stability - Seeking Alpha | 10/29/2024 |
3 | Converge Technology Solutions Announces Partnership with Tony Stewart Racing Company - Barchart | 11/20/2024 |
About Converge Technology Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Converge or other stocks. Alpha measures the amount that position in Converge Technology has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2023 | 2024 (projected) | Dividend Yield | 0.007195 | 0.007555 | Price To Sales Ratio | 0.32 | 0.33 |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Converge Technology in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Converge Technology's short interest history, or implied volatility extrapolated from Converge Technology options trading.
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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.