Concentrix Corp Trading 10.09 percent Higher on Nov 22
| CNXC Stock | USD 50.37 0.73 1.43% |
About 62% of Concentrix's investor base is looking to short. The analysis of overall sentiment of trading Concentrix stock suggests that many investors are alarmed at this time. The current market sentiment, together with Concentrix's historical and current headlines, can help investors time the market. In addition, many technical investors use Concentrix stock news signals to limit their universe of possible portfolio assets.
Concentrix | Build AI portfolio with Concentrix Stock |
Shares of Concentrix Corp surged 10.09 percent in mid-day trading on Nov 22. The stock reached an intraday high of 43.72, before settling at 43.55, up fro
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Concentrix Fundamental Analysis
We analyze Concentrix's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Concentrix using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Concentrix based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Price To Sales
Price To Sales Comparative Analysis
Concentrix is currently under evaluation in price to sales category among its peers. Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
Concentrix Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Concentrix stock to make a market-neutral strategy. Peer analysis of Concentrix could also be used in its relative valuation, which is a method of valuing Concentrix by comparing valuation metrics with similar companies.
Peers
Concentrix Related Equities
| ACN | Accenture Plc | 0.78 | ||||
| ASGN | ASGN | 0.29 | ||||
| CTSH | Cognizant Technology | 0.27 | ||||
| WNS | WNS Holdings | 0.18 | ||||
| G | Genpact | 0.28 | ||||
| SAIC | Science Applications | 0.33 | ||||
| CACI | CACI International | 0.34 | ||||
| LDOS | Leidos Holdings | 0.57 | ||||
| CDW | CDW Corp | 0.65 | ||||
| EXLS | ExlService Holdings | 0.70 | ||||
| CLVT | CLARIVATE PLC | 0.93 | ||||
| GLOB | Globant SA | 1.40 | ||||
| PSN | Parsons Corp | 2.85 |
Complementary Tools for Concentrix Stock analysis
When running Concentrix's price analysis, check to measure Concentrix'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 Concentrix is operating at the current time. Most of Concentrix's value examination focuses on studying past and present price action to predict the probability of Concentrix's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Concentrix's price. Additionally, you may evaluate how the addition of Concentrix to your portfolios can decrease your overall portfolio volatility.
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