Converge Information (Philippines) Price on June 4, 2024
| CNVRG Stock | 16.60 0.36 2.22% |
If you're considering investing in Converge Stock, it is important to understand the factors that can impact its price. As of today, the current price of Converge Information stands at 16.60, as last reported on the 27th of November, with the highest price reaching 16.60 and the lowest price hitting 16.20 during the day. Converge Information appears to be not too volatile, given 3 months investment horizon. Converge Information secures Sharpe Ratio (or Efficiency) of 0.0974, which signifies that the company had a 0.0974% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Converge Information Communications, which you can use to evaluate the volatility of the firm. Please makes use of Converge Information's Downside Deviation of 2.18, risk adjusted performance of 0.0753, and Mean Deviation of 1.96 to double-check if our risk estimates are consistent with your expectations.
Converge Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Converge |
Sharpe Ratio = 0.0974
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Estimated Market Risk
| 2.42 actual daily | 21 79% of assets are more volatile |
Expected Return
| 0.24 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.1 actual daily | 7 93% of assets perform better |
Based on monthly moving average Converge Information is performing at about 7% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Converge Information by adding it to a well-diversified portfolio.
Converge Information Valuation on June 4, 2024
It is possible to determine the worth of Converge Information on a given historical date. On June 4, 2024 Converge was worth 10.96 at the beginning of the trading date compared to the closed value of 11.04. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Converge Information stock. Still, in general, we apply an absolute valuation method to find Converge Information's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Converge Information where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Converge Information's related companies.
| Open | High | Low | Close | Volume | |
| 10.69 | 10.96 | 10.43 | 10.96 | 11,727,700 | |
06/04/2024 | 10.96 | 11.16 | 10.81 | 11.04 | 9,791,700 |
| 11.04 | 11.04 | 10.51 | 10.51 | 3,882,600 |
| Backtest Converge Information | | | Converge Information History | | | Converge Information Valuation | Previous | Next |
Converge Information Trading Date Momentum on June 4, 2024
| On June 05 2024 Converge Information Communications was traded for 10.51 at the closing time. The highest price during the trading period was 11.04 and the lowest recorded bid was listed for 10.51 . The volume for the day was 3.9 M. This history from June 5, 2024 contributed to the next trading day price decline. The overall trading delta to the next closing price was 4.80% . The overall trading delta to the current price is 8.61% . |
Converge Information Fundamentals Correlations and Trends
By evaluating Converge Information's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Converge Information's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Converge financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Converge Information Stock history
Converge Information investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Converge is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Converge Information will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Converge Information stock prices may prove useful in developing a viable investing in Converge Information
Converge Information Stock Technical Analysis
Converge Information technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Converge Information Period Price Range
Low | November 27, 2024
| High |
0.00 | 0.00 |
Converge Information Communications cannot be verified against its exchange. Please verify the symbol is currently traded on Philippine Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Converge Information November 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Converge Information 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 Information shares will generate the highest return on investment. By undertsting and applying Converge Information stock market strength indicators, traders can identify Converge Information Communications entry and exit signals to maximize returns
Converge Information Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Converge Information's price direction in advance. Along with the technical and fundamental analysis of Converge Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Converge to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0753 | |||
| Jensen Alpha | 0.2044 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | 0.0428 | |||
| Treynor Ratio | 3.31 |
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Additional Tools for Converge Stock Analysis
When running Converge Information's price analysis, check to measure Converge Information'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 Converge Information is operating at the current time. Most of Converge Information's value examination focuses on studying past and present price action to predict the probability of Converge Information's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Converge Information's price. Additionally, you may evaluate how the addition of Converge Information to your portfolios can decrease your overall portfolio volatility.