Converge Information (Philippines) Market Value
| CNVRG Stock | 15.80 0.06 0.38% |
| Symbol | Converge |
Converge Information 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Converge Information's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Converge Information.
| 12/04/2022 |
| 11/23/2024 |
If you would invest 0.00 in Converge Information on December 4, 2022 and sell it all today you would earn a total of 0.00 from holding Converge Information Communications or generate 0.0% return on investment in Converge Information over 720 days. Converge Information is related to or competes with Atlas Consolidated, Suntrust Home, Apex Mining, Crown Asia, Alliance Select, and Philex Mining. More
Converge Information Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Converge Information's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Converge Information Communications upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.15 | |||
| Information Ratio | 0.0191 | |||
| Maximum Drawdown | 11.77 | |||
| Value At Risk | (2.92) | |||
| Potential Upside | 4.78 |
Converge Information Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Converge Information's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Converge Information's standard deviation. In reality, there are many statistical measures that can use Converge Information historical prices to predict the future Converge Information's volatility.| Risk Adjusted Performance | 0.0623 | |||
| Jensen Alpha | 0.1682 | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | 0.0219 | |||
| Treynor Ratio | (46.59) |
Converge Information Backtested Returns
Currently, Converge Information Communications is not too volatile. Converge Information secures Sharpe Ratio (or Efficiency) of 0.0334, which signifies that the company had a 0.0334% return per unit of risk over the last 3 months. We have found thirty technical indicators for Converge Information Communications, which you can use to evaluate the volatility of the firm. Please confirm Converge Information's Mean Deviation of 1.92, risk adjusted performance of 0.0623, and Downside Deviation of 2.15 to double-check if the risk estimate we provide is consistent with the expected return of 0.0813%. Converge Information has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0036, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Converge Information are expected to decrease at a much lower rate. During the bear market, Converge Information is likely to outperform the market. Converge Information right now shows a risk of 2.43%. Please confirm Converge Information semi variance, and the relationship between the treynor ratio and daily balance of power , to decide if Converge Information will be following its price patterns.
Auto-correlation | -0.73 |
Almost perfect reverse predictability
Converge Information Communications has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Converge Information time series from 4th of December 2022 to 29th of November 2023 and 29th of November 2023 to 23rd of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Converge Information price movement. The serial correlation of -0.73 indicates that around 73.0% of current Converge Information price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.73 | |
| Spearman Rank Test | -0.88 | |
| Residual Average | 0.0 | |
| Price Variance | 9.29 |
Converge Information lagged returns against current returns
Autocorrelation, which is Converge Information stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Converge Information's stock expected returns. We can calculate the autocorrelation of Converge Information returns to help us make a trade decision. For example, suppose you find that Converge Information has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Converge Information regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Converge Information stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Converge Information stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Converge Information stock over time.
Current vs Lagged Prices |
| Timeline |
Converge Information Lagged Returns
When evaluating Converge Information's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Converge Information stock have on its future price. Converge Information autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Converge Information autocorrelation shows the relationship between Converge Information stock current value and its past values and can show if there is a momentum factor associated with investing in Converge Information Communications.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.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.