Concentrix Stock Market Value
| CNXC Stock | USD 43.72 4.16 10.52% |
| Symbol | Concentrix |
Concentrix Price To Book Ratio
Is Data Processing & Outsourced Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Concentrix. If investors know Concentrix will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Concentrix listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.83) | Dividend Share 1.21 | Earnings Share 3.02 | Revenue Per Share 146.1 | Quarterly Revenue Growth 0.462 |
The market value of Concentrix is measured differently than its book value, which is the value of Concentrix that is recorded on the company's balance sheet. Investors also form their own opinion of Concentrix's value that differs from its market value or its book value, called intrinsic value, which is Concentrix's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Concentrix's market value can be influenced by many factors that don't directly affect Concentrix's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Concentrix's value and its price as these two are different measures arrived at by different means. Investors typically determine if Concentrix is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Concentrix's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Concentrix '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 Concentrix'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 Concentrix.
| 10/29/2023 |
| 11/22/2024 |
If you would invest 0.00 in Concentrix on October 29, 2023 and sell it all today you would earn a total of 0.00 from holding Concentrix or generate 0.0% return on investment in Concentrix over 390 days. Concentrix is related to or competes with Genpact, ExlService Holdings, Science Applications, CLARIVATE PLC, WNS Holdings, ASGN, and CACI International. Concentrix Corporation provides technology-infused customer experience solutions worldwide More
Concentrix 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 Concentrix'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 Concentrix upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.27) | |||
| Maximum Drawdown | 22.69 | |||
| Value At Risk | (4.17) | |||
| Potential Upside | 3.42 |
Concentrix Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Concentrix's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Concentrix's standard deviation. In reality, there are many statistical measures that can use Concentrix historical prices to predict the future Concentrix's volatility.| Risk Adjusted Performance | (0.17) | |||
| Jensen Alpha | (0.86) | |||
| Total Risk Alpha | (1.20) | |||
| Treynor Ratio | (0.93) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Concentrix's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Concentrix Backtested Returns
Concentrix secures Sharpe Ratio (or Efficiency) of -0.19, which signifies that the company had a -0.19% return per unit of risk over the last 3 months. Concentrix exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Concentrix's Mean Deviation of 2.1, standard deviation of 3.29, and Risk Adjusted Performance of (0.17) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.83, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Concentrix's returns are expected to increase less than the market. However, during the bear market, the loss of holding Concentrix is expected to be smaller as well. At this point, Concentrix has a negative expected return of -0.69%. Please make sure to confirm Concentrix's maximum drawdown, as well as the relationship between the accumulation distribution and day typical price , to decide if Concentrix performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.74 |
Good predictability
Concentrix has good predictability. Overlapping area represents the amount of predictability between Concentrix time series from 29th of October 2023 to 11th of May 2024 and 11th of May 2024 to 22nd 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 Concentrix price movement. The serial correlation of 0.74 indicates that around 74.0% of current Concentrix price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 100.03 |
Concentrix lagged returns against current returns
Autocorrelation, which is Concentrix 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 Concentrix's stock expected returns. We can calculate the autocorrelation of Concentrix returns to help us make a trade decision. For example, suppose you find that Concentrix 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 |
Concentrix 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 Concentrix stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Concentrix stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Concentrix stock over time.
Current vs Lagged Prices |
| Timeline |
Concentrix Lagged Returns
When evaluating Concentrix's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Concentrix stock have on its future price. Concentrix 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, Concentrix autocorrelation shows the relationship between Concentrix stock current value and its past values and can show if there is a momentum factor associated with investing in Concentrix.
Regressed Prices |
| Timeline |
Also Currently Popular
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.When determining whether Concentrix offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Concentrix's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Concentrix Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Concentrix Stock:Check out Concentrix Correlation, Concentrix Volatility and Concentrix Alpha and Beta module to complement your research on Concentrix. For information on how to trade Concentrix Stock refer to our How to Trade Concentrix Stock guide.You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Concentrix 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.