Synnex Story

<div class='circular--portrait' style='background:#FF0F00;color: #FFFFF0;font-size:3em;'>SNX</div>
SNX -- USA Stock  

USD 147.21  1.70  1.14%

As many millenniums are excited about technology space, it is only fair to break down Synnex against current market trends. As expected, Synnex is starting to reaffirm its true potential as investors are becoming more and more confident in the future outlook. The returns on the market and returns on Synnex appear slightly correlated for the last few months. Strong technical and fundamental indicators of the company may also suggest signals of long term gains for Synnex investors. Synnex is scheduled to announce its earnings today. The next earnings report is expected on the 14th of January 2021.
Published over two weeks ago
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Will Synnex (NYSE:SNX) price continue to rise in October?
Synnex's average rating is Buy from 6 analysts. Do analysts base this consensus on technical analyses? We know that typical technical analysis utilizes price momentum, patterns, and trends looking at historical prices. It aims to identify signals based on Synnex market sentiment investors' perception of the future value of Synnex. Let us look at a few aspects of Synnex technical analysis.
Using predictive technical analysis, we will analyze different prices and returns patterns and diagnose historical swings to determine the real value of Synnex. In general, we focus on analyzing Synnex stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Synnex's daily price indicators and compare them against related drivers such as momentum indicators and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Synnex's intrinsic value. In addition to deriving basic predictive indicators for Synnex, we also check how macroeconomic factors affect Synnex price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.

How does Synnex Stands against Peers?

Analyzing Synnex competition or peers my help you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Try to analyze the advantages of investing in traded instruments related to Synnex across multiple sectors and thematic ideas. A good competitive analysis can cover a lot of different areas. But what areas to choose depends on who you are. The more exhaustive you are in your analysis, the more effective your competitive analysis will be.
Check out Synnex Competition Details

How Synnex utilizes its cash?

To perform a cash flow analysis of Synnex, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash Synnex is receiving and how much cash it distributes out in a given period. The Synnex cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities. Synnex Net Cash Flow from Operations is fairly stable at the moment as compared to the past year. Synnex reported Net Cash Flow from Operations of 494.93 Million in 2019

Exercise or conversion by Kevin Murai of 2225 shares of Synnex subject to Rule 16b-3

Legal trades by Synnex insiders are very common, as founders, directors, or employees of any publicly traded firm often have stock or stock options. These trades are made public in the United States through the filing of Form 4 of the Securities and Exchange Commission. Below entry was recorded recently and is publicly available as an insider trade:
Synnex insider trading alert for exercise of employee stock option (right to buy) by Kevin Murai, the corporate stakeholder, on 19th of October 2020. This event was filed by Synnex Corp with SEC on 2020-10-19. Statement of changes in beneficial ownership - SEC Form 4. Kevin Murai currently serves as ceo and president director and chairman of executive committee of Synnex [view details]   
Note, although insider trading is legal, in the United States, Canada, Australia, and Germany, for mandatory reporting purposes, corporate insiders are defined as a company's officers, directors, and any beneficial owners of more than 10% of a class of the company's equity securities.

Closer look at Synnex Standard Deviation

Synnex has current Standard Deviation of 2.55. The Standard Deviation is a measure of how spread out the prices or returns of an asset are on average. It is the most widely used risk indicator in the field of investing and finance. Standard Deviation is commonly used to measure confidence in statistical conclusions regarding certain equity instruments or portfolios of equities.

Standard deviation is applied to the annual rate of return of an investment to measure the investment's volatility. Standard deviation is also known as historical volatility and is used by investors as a gauge for the amount of expected market volatility. A large standard deviation usually indicates that the data points are far from the mean and a small standard deviation indicates that they are clustered closely around the mean.

Standard Deviation 
=  
SQRT(V) 
 = 
2.55
SQRT = Square root notation
V =   Variance of Synnex returns
Let's now compare Synnex Standard Deviation to its closest peers:
SNX
PBI
WUBA
XRX
SNX2.55
PBI7.46
WUBA0.35
XRX2.7

Synnex implied volatility may change after the rise

Downside deviation is down to 2.09. It may suggest a possible volatility slide. Synnex currently demonstrates below-verage downside deviation. It has Information Ratio of 0.1 and Jensen Alpha of 0.31. However, we do advice investors to further question Synnex expected returns to ensure all indicators are consistent with the current outlook about its relatively low value at risk.

Our Final Take On Synnex

While some firms within the information technology services industry are still a little expensive, even after the recent corrections, Synnex may offer a potential longer-term growth to investors. While some investors may not share our view, we believe it may be a good time to increase your existing holdings in Synnex. Please use our equity advice module to run different scenarios to ensure your current risk level and investment horizon are fully reflective of your current investing preferences in regards to Synnex.

About Contributor

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Raphi Shpitalnik do not own shares of Synnex. Please refer to our Terms of Use for any information regarding our disclosure principles.

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