Converge Technology EBITDA vs. Shares Owned By Insiders
| CTS Stock | CAD 3.50 0.08 2.34% |
EBITDA | First Reported 2010-12-31 | Previous Quarter 166.6 M | Current Value 174.9 M | Quarterly Volatility 67.4 M |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Gross Profit Margin | 0.18 | 0.2186 |
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For Converge Technology profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Converge Technology to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Converge Technology Solutions utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Converge Technology's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Converge Technology Solutions over time as well as its relative position and ranking within its peers.
Converge |
Converge Technology Shares Owned By Insiders vs. EBITDA Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Converge Technology's current stock value. Our valuation model uses many indicators to compare Converge Technology value to that of its competitors to determine the firm's financial worth. Converge Technology Solutions is rated third in ebitda category among its peers. It is number one stock in shares owned by insiders category among its peers . The ratio of EBITDA to Shares Owned By Insiders for Converge Technology Solutions is about 31,001,489 . At this time, Converge Technology's EBITDA is very stable compared to the past year. Comparative valuation analysis is a catch-all model that can be used if you cannot value Converge Technology by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Converge Technology's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Converge Shares Owned By Insiders vs. EBITDA
EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.
Converge Technology |
| = | 166.6 M |
In a nutshell, EBITDA is calculated by adding back each of the excluded items to the post-tax profit, and can be used to compare companies with very different capital structures.
Shares Owned by Insiders show the percentage of outstanding shares owned by insiders (such as principal officers or members of the board of directors) or private individuals and entities with over 5% of the total shares outstanding. Company executives or private individuals with access to insider information share information about a firm's operations that is not available to the general public.
Converge Technology |
| = | 5.37 % |
Although the research on effects of insider trading on prices and volatility is still relatively inconclusive, and investors are advised to pay close attention to the distribution of equities among company's stakeholders to avoid many problems associated with the disclosure of price-sensitive information.
Converge Shares Owned By Insiders Comparison
Converge Technology is currently under evaluation in shares owned by insiders category among its peers.
Converge Technology Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Converge Technology, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Converge Technology will eventually generate negative long term returns. The profitability progress is the general direction of Converge Technology's change in net profit over the period of time. It can combine multiple indicators of Converge Technology, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
| Last Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | 4 M | 2.9 M | |
| Operating Income | 46.6 M | 28.1 M | |
| Income Before Tax | -18.6 M | -17.6 M | |
| Net Income Applicable To Common Shares | 31.4 M | 32.9 M | |
| Net Loss | -1.4 M | -1.4 M | |
| Interest Income | 320.9 K | 304.8 K | |
| Net Loss | -6.4 M | -6.1 M | |
| Total Other Income Expense Net | -65.2 M | -61.9 M | |
| Income Tax Expense | -12.2 M | -11.6 M | |
| Net Interest Income | -41.2 M | -39.2 M | |
| Change To Netincome | 13.1 M | 14.8 M | |
| Net Loss | (0.01) | (0.01) | |
| Income Quality | (158.52) | (150.60) | |
| Net Income Per E B T | 0.08 | 0.07 |
Converge Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Converge Technology. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Converge Technology position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Converge Technology's important profitability drivers and their relationship over time.
Use Converge Technology in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Converge Technology position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Converge Technology will appreciate offsetting losses from the drop in the long position's value.Converge Technology Pair Trading
Converge Technology Solutions Pair Trading Analysis
The ability to find closely correlated positions to Converge Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Converge Technology when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Converge Technology - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Converge Technology Solutions to buy it.
The correlation of Converge Technology is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Converge Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Converge Technology moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Converge Technology can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Converge Technology position
In addition to having Converge Technology in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Other Information on Investing in Converge Stock
To fully project Converge Technology's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Converge Technology at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Converge Technology's income statement, its balance sheet, and the statement of cash flows.