Converge Technology Solutions Stock Performance
| CTSDF Stock | USD 2.30 0.09 3.77% |
The firm shows a Beta (market volatility) of 1.28, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Converge Technology will likely underperform. At this point, Converge Technology has a negative expected return of -0.41%. Please make sure to confirm Converge Technology's maximum drawdown, daily balance of power, period momentum indicator, as well as the relationship between the skewness and day typical price , to decide if Converge Technology performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
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Over the last 90 days Converge Technology Solutions has generated negative risk-adjusted returns adding no value to investors with long positions. Despite fragile performance in the last few months, the Stock's fundamental indicators remain nearly stable which may send shares a bit higher in January 2025. The current disturbance may also be a sign of long-run up-swing for the company stockholders. ...more
| Begin Period Cash Flow | 64.8 M | |
| Total Cashflows From Investing Activities | -277.8 M | |
| Free Cash Flow | 80.8 M |
Converge |
Converge Technology Relative Risk vs. Return Landscape
If you would invest 319.00 in Converge Technology Solutions on September 23, 2024 and sell it today you would lose (89.00) from holding Converge Technology Solutions or give up 27.9% of portfolio value over 90 days. Converge Technology Solutions is currently producing negative expected returns and takes up 4.0746% volatility of returns over 90 trading days. Put another way, 36% of traded otc stocks are less volatile than Converge, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Converge Technology Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Converge Technology's investment risk. Standard deviation is the most common way to measure market volatility of otc stocks, such as Converge Technology Solutions, and traders can use it to determine the average amount a Converge Technology's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.1009
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| Negative Returns | CTSDF |
Estimated Market Risk
| 4.07 actual daily | 36 64% of assets are more volatile |
Expected Return
| -0.41 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.1 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Converge Technology is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Converge Technology by adding Converge Technology to a well-diversified portfolio.
Converge Technology Fundamentals Growth
Converge OTC Stock prices reflect investors' perceptions of the future prospects and financial health of Converge Technology, and Converge Technology fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Converge OTC Stock performance.
| Return On Equity | 0.0554 | |||
| Return On Asset | 0.0217 | |||
| Profit Margin | 0.02 % | |||
| Operating Margin | 0.03 % | |||
| Current Valuation | 880.71 M | |||
| Shares Outstanding | 210.32 M | |||
| Price To Earning | 53.86 X | |||
| Price To Book | 1.68 X | |||
| Price To Sales | 0.31 X | |||
| Revenue | 1.53 B | |||
| EBITDA | 71.36 M | |||
| Cash And Equivalents | 184.18 M | |||
| Cash Per Share | 0.86 X | |||
| Total Debt | 412 K | |||
| Debt To Equity | 0.33 % | |||
| Book Value Per Share | 2.89 X | |||
| Cash Flow From Operations | 87.06 M | |||
| Earnings Per Share | 0.11 X | |||
| Total Asset | 1.37 B | |||
About Converge Technology Performance
By analyzing Converge Technology's fundamental ratios, stakeholders can gain valuable insights into Converge Technology's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Converge Technology has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Converge Technology has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Converge Technology Solutions Corp. provides software-enabled IT and cloud solutions for corporate and government institutions in the United States and Canada. Converge Technology Solutions Corp. was incorporated in 2016 and is headquartered in Gatineau, Canada. Converge Technology is traded on OTC Exchange in the United States.Things to note about Converge Technology performance evaluation
Checking the ongoing alerts about Converge Technology for important developments is a great way to find new opportunities for your next move. OTC Stock alerts and notifications screener for Converge Technology help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Converge Technology generated a negative expected return over the last 90 days | |
| Converge Technology has high historical volatility and very poor performance | |
| Converge Technology Solutions has accumulated 412 K in total debt with debt to equity ratio (D/E) of 0.33, which is about average as compared to similar companies. Converge Technology has a current ratio of 0.97, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Converge Technology until it has trouble settling it off, either with new capital or with free cash flow. So, Converge Technology's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Converge Technology sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Converge to invest in growth at high rates of return. When we think about Converge Technology's use of debt, we should always consider it together with cash and equity. |
- Analyzing Converge Technology's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Converge Technology's stock is overvalued or undervalued compared to its peers.
- Examining Converge Technology's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Converge Technology's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Converge Technology's management team can help you assess the OTC Stock's leadership.
- Pay attention to analyst opinions and ratings of Converge Technology's otc stock. These opinions can provide insight into Converge Technology's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for Converge OTC Stock analysis
When running Converge Technology's price analysis, check to measure Converge Technology'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 Technology is operating at the current time. Most of Converge Technology's value examination focuses on studying past and present price action to predict the probability of Converge Technology'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 Technology's price. Additionally, you may evaluate how the addition of Converge Technology to your portfolios can decrease your overall portfolio volatility.
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