Converge Technology Solutions Stock Market Value
| CTSDF Stock | USD 3.82 0.01 0.26% |
| Symbol | Converge |
Converge Technology '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 Technology's otc 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 Technology.
| 12/26/2024 |
| 03/26/2025 |
If you would invest 0.00 in Converge Technology on December 26, 2024 and sell it all today you would earn a total of 0.00 from holding Converge Technology Solutions or generate 0.0% return on investment in Converge Technology over 90 days. Converge Technology is related to or competes with Appen, Appen, Direct Communication, Concentrix, EPAM Systems, Globant SA, and Infosys. Converge Technology Solutions Corp. provides software-enabled IT and cloud solutions for corporate and government instit... More
Converge Technology 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 Technology's otc 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 Technology Solutions upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.96 | |||
| Information Ratio | 0.1252 | |||
| Maximum Drawdown | 56.23 | |||
| Value At Risk | (2.81) | |||
| Potential Upside | 2.81 |
Converge Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Converge Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Converge Technology's standard deviation. In reality, there are many statistical measures that can use Converge Technology historical prices to predict the future Converge Technology's volatility.| Risk Adjusted Performance | 0.116 | |||
| Jensen Alpha | 0.8794 | |||
| Total Risk Alpha | 0.857 | |||
| Sortino Ratio | 0.4475 | |||
| Treynor Ratio | 2.61 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Converge Technology'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.
Converge Technology Backtested Returns
Converge Technology is very risky given 3 months investment horizon. Converge Technology secures Sharpe Ratio (or Efficiency) of 0.15, which signifies that the company had a 0.15 % return per unit of risk over the last 3 months. We were able to break down twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.08% are justified by taking the suggested risk. Use Converge Technology Mean Deviation of 2.26, downside deviation of 1.96, and Risk Adjusted Performance of 0.116 to evaluate company specific risk that cannot be diversified away. Converge Technology holds a performance score of 11 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 0.34, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Converge Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Converge Technology is expected to be smaller as well. Use Converge Technology downside variance, rate of daily change, and the relationship between the maximum drawdown and skewness , to analyze future returns on Converge Technology.
Auto-correlation | 0.17 |
Very weak predictability
Converge Technology Solutions has very weak predictability. Overlapping area represents the amount of predictability between Converge Technology time series from 26th of December 2024 to 9th of February 2025 and 9th of February 2025 to 26th of March 2025. 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 Technology price movement. The serial correlation of 0.17 indicates that over 17.0% of current Converge Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Converge Technology lagged returns against current returns
Autocorrelation, which is Converge Technology otc 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 Technology's otc stock expected returns. We can calculate the autocorrelation of Converge Technology returns to help us make a trade decision. For example, suppose you find that Converge Technology has exhibited high autocorrelation historically, and you observe that the otc 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 Technology 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 Technology otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Converge Technology otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Converge Technology otc stock over time.
Current vs Lagged Prices |
| Timeline |
Converge Technology Lagged Returns
When evaluating Converge Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Converge Technology otc stock have on its future price. Converge Technology 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 Technology autocorrelation shows the relationship between Converge Technology otc stock current value and its past values and can show if there is a momentum factor associated with investing in Converge Technology Solutions.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Converge OTC Stock
Converge Technology financial ratios help investors to determine whether Converge OTC Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Converge with respect to the benefits of owning Converge Technology security.