Converge Technology Solutions Stock Price Prediction
| CTS Stock | CAD 3.42 0.06 1.79% |
Oversold Vs Overbought
35
Oversold | Overbought |
Quarterly Earnings Growth 3.887 | EPS Estimate Next Quarter 0.18 | EPS Estimate Current Year 0.5531 | EPS Estimate Next Year 0.599 | Wall Street Target Price 5.0409 |
Using Converge Technology hype-based prediction, you can estimate the value of Converge Technology Solutions from the perspective of Converge Technology response to recently generated media hype and the effects of current headlines on its competitors.
The fear of missing out, i.e., FOMO, can cause potential investors in Converge Technology to buy its stock at a price that has no basis in reality. In that case, they are not buying Converge because the equity is a good investment, but because they need to do something to avoid the feeling of missing out. On the other hand, investors will often sell stocks at prices well below their value during bear markets because they need to stop feeling the pain of losing money.
Converge Technology after-hype prediction price | CAD 3.33 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Converge |
Converge Technology After-Hype Price Prediction Density Analysis
As far as predicting the price of Converge Technology at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Converge Technology or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Converge Technology, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Converge Technology Estimiated After-Hype Price Volatility
In the context of predicting Converge Technology's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Converge Technology's historical news coverage. Converge Technology's after-hype downside and upside margins for the prediction period are 0.17 and 7.45, respectively. We have considered Converge Technology's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Converge Technology is unstable at this time. Analysis and calculation of next after-hype price of Converge Technology is based on 3 months time horizon.
Converge Technology Stock Price Prediction Analysis
Have you ever been surprised when a price of a Company such as Converge Technology is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Converge Technology backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Converge Technology, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.40 | 4.13 | 0.03 | 0.06 | 3 Events / Month | 1 Events / Month | In about 3 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | ||
3.42 | 3.33 | 0.89 |
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Converge Technology Hype Timeline
Converge Technology is currently traded for 3.42on Toronto Exchange of Canada. The entity has historical hype elasticity of -0.03, and average elasticity to hype of competition of -0.06. Converge is projected to decline in value after the next headline, with the price expected to drop to 3.33. The average volatility of media hype impact on the company price is over 100%. The price drop on the next news is expected to be -0.89%, whereas the daily expected return is currently at -0.4%. The volatility of related hype on Converge Technology is about 2800.0%, with the expected price after the next announcement by competition of 3.36. About 34.0% of the company shares are held by institutions such as insurance companies. The company has price-to-book (P/B) ratio of 1.8. Some equities with similar Price to Book (P/B) outperform the market in the long run. Converge Technology has Price/Earnings To Growth (PEG) ratio of 0.17. The entity recorded a loss per share of 0.82. The firm last dividend was issued on the 27th of August 2024. Converge Technology had 1:3 split on the 13th of November 2018. Assuming the 90 days trading horizon the next projected press release will be in about 3 days. Check out Converge Technology Basic Forecasting Models to cross-verify your projections.Converge Technology Related Hype Analysis
Having access to credible news sources related to Converge Technology's direct competition is more important than ever and may enhance your ability to predict Converge Technology's future price movements. Getting to know how Converge Technology's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Converge Technology may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| DND | Dye Durham | (0.20) | 3 per month | 2.93 | 0.09 | 5.84 | (4.00) | 21.93 | |
| DCBO | Docebo Inc | 1.15 | 3 per month | 1.98 | 0.08 | 2.78 | (2.82) | 11.18 | |
| TOI | Topicus | (1.91) | 1 per month | 0.00 | (0.15) | 2.03 | (2.08) | 7.08 | |
| GSY | goeasy | 0.37 | 3 per month | 0.00 | (0.11) | 2.82 | (3.00) | 12.18 |
Converge Technology Additional Predictive Modules
Most predictive techniques to examine Converge price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Converge using various technical indicators. When you analyze Converge charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
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| Statistic Functions | ||
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| Volume Indicators |
About Converge Technology Predictive Indicators
The successful prediction of Converge Technology stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as Converge Technology Solutions, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of Converge Technology based on analysis of Converge Technology hews, social hype, general headline patterns, and widely used predictive technical indicators.
We also calculate exposure to Converge Technology's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to Converge Technology's related companies. | 2023 | 2024 (projected) | Dividend Yield | 0.007195 | 0.007555 | Price To Sales Ratio | 0.32 | 0.33 |
Story Coverage note for Converge Technology
The number of cover stories for Converge Technology depends on current market conditions and Converge Technology's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Converge Technology is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Converge Technology's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Converge Technology Short Properties
Converge Technology's future price predictability will typically decrease when Converge Technology's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Converge Technology Solutions often depends not only on the future outlook of the 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 |
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.