Converge Technology Solutions Stock Price on June 5, 2023
CTSDF Stock | USD 2.26 0.01 0.44% |
If you're considering investing in Converge OTC Stock, it is important to understand the factors that can impact its price. As of today, the current price of Converge Technology stands at 2.26, as last reported on the 30th of December, with the highest price reaching 2.29 and the lowest price hitting 2.25 during the day. Converge Technology secures Sharpe Ratio (or Efficiency) of -0.14, which signifies that the company had a -0.14% return per unit of risk over the last 3 months. Converge Technology Solutions exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Converge Technology's Risk Adjusted Performance of (0.07), mean deviation of 2.36, and Standard Deviation of 4.04 to double-check the risk estimate we provide.
Converge OTC Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Converge |
Sharpe Ratio = -0.1449
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Estimated Market Risk
3.88 actual daily | 34 66% of assets are more volatile |
Expected Return
-0.56 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.14 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 Valuation on June 5, 2023
It is possible to determine the worth of Converge Technology on a given historical date. On June 5, 2023 Converge was worth 2.6 at the beginning of the trading date compared to the closed value of 2.54. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Converge Technology otc stock. Still, in general, we apply an absolute valuation method to find Converge Technology's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Converge Technology where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Converge Technology's related companies.
Open | High | Low | Close | Volume | |
2.71 | 2.72 | 2.64 | 2.64 | 28,500 | |
06/05/2023 | 2.60 | 2.60 | 2.54 | 2.54 | 7,000 |
2.63 | 2.63 | 2.62 | 2.62 | 7,400 |
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Converge Technology Trading Date Momentum on June 5, 2023
On June 06 2023 Converge Technology Solutions was traded for 2.62 at the closing time. The highest daily price throughout the period was 2.63 and the lowest price was 2.62 . The daily volume was 7.4 K. The net trading volume on 06/06/2023 added to the next day price rise. The overall trading delta to closing price of the next trading day was 3.15% . The overall trading delta to current closing price is 7.09% . |
Converge Technology Fundamentals Correlations and Trends
By evaluating Converge Technology's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Converge Technology's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Converge financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Converge Technology OTC Stock history
Converge Technology investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Converge is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Converge Technology will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Converge Technology stock prices may prove useful in developing a viable investing in Converge Technology
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.
Converge Technology OTC Stock Technical Analysis
Converge Technology technical otc 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, otc market cycles, or different charting patterns.
Price Boundaries
Converge Technology Period Price Range
Low | December 30, 2024
| High |
0.00 | 0.00 |
Converge Technology Solutions cannot be verified against its exchange. Please verify the symbol is currently traded on OTCQX Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Converge Technology December 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Converge Technology otc stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Converge Technology shares will generate the highest return on investment. By undertsting and applying Converge Technology otc stock market strength indicators, traders can identify Converge Technology Solutions entry and exit signals to maximize returns
Converge Technology Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Converge Technology's price direction in advance. Along with the technical and fundamental analysis of Converge OTC Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Converge to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Risk Adjusted Performance | (0.07) | |||
Jensen Alpha | (0.39) | |||
Total Risk Alpha | (0.50) | |||
Treynor Ratio | (2.56) |
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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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