Converge Probability Of Bankruptcy

CTSDF Stock

USD 2.66 0.08 3.10%

Converge Technology Probability Of Bankruptcy is used to show its chance of financial distress over the next two years of operations under current economic and market conditions. Converge Technology Probability Of Bankruptcy is determined by interpolating and adjusting Converge Altman Z Score to account for off-balance-sheet items and missing or unfiled public information. All items used in analyzing the odds of distress are taken from the Converge balance sheet as well as cash flow and income statements available from the company's most recent filings. Check out Converge Technology Piotroski F Score and Converge Technology Altman Z Score analysis.

Converge Probability Of Bankruptcy Analysis

Converge Technology's Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.

Probability Of Bankruptcy

Normalized

Z-Score

More About Probability Of Bankruptcy | All Equity Analysis

Current Converge Technology Probability Of Bankruptcy

Less than 1%

Most of Converge Technology's fundamental indicators, such as Probability Of Bankruptcy, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Converge Technology Solutions is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Our calculation of Converge Technology probability of bankruptcy is based on Altman Z-Score and Piotroski F-Score, but not limited to these measures. To be applied to a broader range of industries and markets, we use several other techniques to enhance the accuracy of predicting Converge Technology odds of financial distress. These include financial statement analysis, different types of price predictions, earning estimates, analysis consensus, and basic intrinsic valuation. Please use the options below to get a better understanding of different measures that drive the calculation of Converge Technology Solutions financial health.

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.

The Probability of Bankruptcy SHOULD NOT be confused with the actual chance of a company to file for chapter 7, 11, 12, or 13 bankruptcy protection. Macroaxis simply defines Financial Distress as an operational condition where a company is having difficulty meeting its current financial obligations towards its creditors or delivering on the expectations of its investors. Macroaxis derives these conditions daily from both public financial statements as well as analysis of stock prices reacting to market conditions or economic downturns, including short-term and long-term historical volatility. Other factors taken into account include analysis of liquidity, revenue patterns, R&D expenses, and commitments, as well as public headlines and social sentiment.

Competition

Predict Converge Technology

Based on the latest financial disclosure, Converge Technology Solutions has a Probability Of Bankruptcy of 1.0%. This is 97.53% lower than that of the Technology sector and 96.89% lower than that of the Information Technology Services industry. The probability of bankruptcy for all United States stocks is 97.49% higher than that of the company.

Converge Probability Of Bankruptcy Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Converge Technology's direct or indirect competition against its Probability Of Bankruptcy to detect undervalued stocks with similar characteristics or determine the otc stocks which would be a good addition to a portfolio. Peer analysis of Converge Technology could also be used in its relative valuation, which is a method of valuing Converge Technology by comparing valuation metrics of similar companies.

Converge Technology is currently under evaluation in probability of bankruptcy category among related companies.

Converge Fundamentals

	Return On Equity	0.06 %
	Return On Asset	0.0217 %
	Profit Margin	0.0166 %
	Operating Margin	0.0253 %
	Current Valuation	880.71 M
	Shares Outstanding	210.32 M
	Shares Owned by Insiders	4.88 %
	Shares Owned by Institutions	32.19 %
	Price to Earning	53.86 X
	Price to Book	1.68 X
	Price to Sales	0.31 X
	Revenue	1.53 B
	Gross Profit	345.7 M
	EBITDA	71.36 M
	Net Income	15.95 M
	Cash and Equivalents	184.18 M
	Cash per Share	0.86 X
	Total Debt	412 K
	Debt to Equity	0.33 %
	Current Ratio	0.99 X
	Book Value Per Share	2.89 X
	Cash Flow from Operations	87.06 M
	Earnings Per Share	0.11 X
	Number of Employees	14
	Beta	1.94
	Market Capitalization	850.01 M
	Total Asset	1.37 B
	Net Asset	1.37 B

About Converge Technology Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Converge Technology Solutions's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Converge Technology using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Converge Technology Solutions based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

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.

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Our tools can tell you how much better you can do entering a position in Converge Technology without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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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

0.61

INFY

Infosys Ltd ADR

Fiscal Quarter End 30th of June 2023

Pair Corr

Moving against Converge OTC Stock

-	0.78	FISV	Fiserv Inc	Symbol Change	Pair Corr
-	0.66	BKRKY	Bank Rakyat		Pair Corr
-	0.57	BKRKF	PT Bank Rakyat		Pair Corr
-	0.55	PBCRF	PT Bank Central		Pair Corr
-	0.5	CTSH	Cognizant Technology	Fiscal Quarter End 30th of June 2023	Pair Corr

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 equities. 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 Correlation Correlation Matching

Check out Converge Technology Piotroski F Score and Converge Technology Altman Z Score analysis. 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 Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..

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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Converge Probability Of Bankruptcy

Converge Probability Of Bankruptcy Analysis

Current Converge Technology Probability Of Bankruptcy

Converge Probability Of Bankruptcy Peer Comparison

Converge Fundamentals

About Converge Technology Fundamental Analysis

Be your own money manager

Did you try this?

Run Cryptocurrency Center Now

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Pair Trading with Converge Technology

Moving together with Converge OTC Stock

Moving against Converge OTC Stock

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