Concentrix Stock Alpha and Beta Analysis
| CNXC Stock | USD 44.95 0.03 0.07% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Concentrix. It also helps investors analyze the systematic and unsystematic risks associated with investing in Concentrix over a specified time horizon. Remember, high Concentrix's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Concentrix's market risk premium analysis include:
Beta 1.06 | Alpha (0.84) | Risk 3.57 | Sharpe Ratio (0.20) | Expected Return (0.72) |
Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Concentrix |
Concentrix Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Concentrix market risk premium is the additional return an investor will receive from holding Concentrix long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Concentrix. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Concentrix's performance over market.| α | -0.84 | β | 1.06 |
Concentrix expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Concentrix's Buy-and-hold return. Our buy-and-hold chart shows how Concentrix performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Concentrix Market Price Analysis
Market price analysis indicators help investors to evaluate how Concentrix stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Concentrix shares will generate the highest return on investment. By understating and applying Concentrix stock market price indicators, traders can identify Concentrix position entry and exit signals to maximize returns.
Concentrix Return and Market Media
The median price of Concentrix for the period between Sun, Sep 1, 2024 and Sat, Nov 30, 2024 is 48.7 with a coefficient of variation of 22.15. The daily time series for the period is distributed with a sample standard deviation of 11.57, arithmetic mean of 52.25, and mean deviation of 9.78. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Concentrix shares tumble 11 percent as guidance falls short of estimates | 09/25/2024 |
2 | Disposition of 1544 shares by Cormac Twomey of Concentrix at 51.38 subject to Rule 16b-3 | 09/30/2024 |
3 | Concentrix CEO Caldwell sells shares worth over 517k | 10/04/2024 |
4 | Concentrix Co. Announces Quarterly Dividend of 0.33 | 10/24/2024 |
5 | Disposition of 1403 shares by Craig Gibson of Concentrix at 44.52 subject to Rule 16b-3 | 10/25/2024 |
6 | Disposition of 500 shares by Cormac Twomey of Concentrix at 44.18 subject to Rule 16b-3 | 10/29/2024 |
7 | Concentrix Corp Shares Up 2.76 percent on Nov 4 | 11/04/2024 |
| Concentrix dividend paid on 5th of November 2024 | 11/05/2024 |
8 | Disposition of 400 shares by Cormac Twomey of Concentrix at 74.63 subject to Rule 16b-3 | 11/08/2024 |
9 | Concentrix dvoilera de nouvelles perspectives sur lIA et les expriences intelligentes lors du WebSummit2024 | 11/11/2024 |
10 | Concentrix Corp Shares Gap Down to 41.57 on Nov 12 | 11/12/2024 |
11 | Concentrix Corporation An Oversold Midcap Stock to Buy | 11/19/2024 |
12 | Concentrix Corp Trading 10.09 percent Higher on Nov 22 | 11/22/2024 |
About Concentrix Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Concentrix or other stocks. Alpha measures the amount that position in Concentrix has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.008502 | 0.0126 | 0.0113 | 0.006025 | Price To Sales Ratio | 0.99 | 0.71 | 0.82 | 1.38 |
Concentrix Upcoming Company Events
As portrayed in its financial statements, the presentation of Concentrix's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Concentrix's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Concentrix's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Concentrix. Please utilize our Beneish M Score to check the likelihood of Concentrix's management manipulating its earnings.
| 3rd of April 2024 Upcoming Quarterly Report | View | |
| 26th of June 2024 Next Financial Report | View | |
| 29th of February 2024 Next Fiscal Quarter End | View | |
| 22nd of January 2025 Next Fiscal Year End | View | |
| 30th of November 2023 Last Quarter Report | View | |
| 30th of November 2023 Last Financial Announcement | View |
Build Portfolio with Concentrix
Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.Build Diversified Portfolios
Align your risk with return expectations
Check out Concentrix Backtesting, Concentrix Valuation, Concentrix Correlation, Concentrix Hype Analysis, Concentrix Volatility, Concentrix History and analyze Concentrix Performance. For information on how to trade Concentrix Stock refer to our How to Trade Concentrix Stock guide.You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
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.