Rhonda Hanes - Converge Technology VP Operations

CTSDF Stock  USD 3.90  0.06  1.52%   

Insider

Rhonda Hanes is VP Operations of Converge Technology Solutions
Phone416 360 1495
Webhttps://www.convergetp.com

Converge Technology Management Efficiency

The company has return on total asset (ROA) of 0.0217 % which means that it generated a profit of $0.0217 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.0554 %, meaning that it generated $0.0554 on every $100 dollars invested by stockholders. Converge Technology's management efficiency ratios could be used to measure how well Converge Technology manages its routine affairs as well as how well it operates its assets and liabilities.
The company 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.

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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 Solutions [CTSDF] is traded as part of a regulated electronic over-the-counter service offered by the NASD.

Management Performance

Converge Technology Leadership Team

Elected by the shareholders, the Converge Technology's board of directors comprises two types of representatives: Converge Technology inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Converge. The board's role is to monitor Converge Technology's management team and ensure that shareholders' interests are well served. Converge Technology's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Converge Technology's outside directors are responsible for providing unbiased perspectives on the board's policies.
Brian Phillips, Independent Director
Cari Hash, VP Sales
Gordon McMillan, Independent Chairman of the Board
Cory Reid, COO Officer
Nathan Chan, Independent Director
Julianne Belaga, Chief Officer
Mary Palangio, CFO, Invesrtor Relation Contact
Richard Lecoutre, Global Officer
Greg Berard, Pres CEO
Karie Timion, VP Marketing
Tommy Whatley, Ex Alliances
Rhonda Hanes, VP Operations
Shaun Maine, President CEO, Director
Don Cuthbertson, CTO Canada

Converge Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right otc stock is not an easy task. Is Converge Technology a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Pair Trading with Converge Technology

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.

Moving together with Converge OTC Stock

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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.
Pair CorrelationCorrelation Matching
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Converge Technology Solutions. Also, note that the market value of any otc stock could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment.
Note that the Converge Technology information on this page should be used as a complementary analysis to other Converge Technology's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.

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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Please note, there is a significant difference between Converge Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Converge Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Converge Technology's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.