Synnex Story

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

USD 91.34  0.82  0.91%

While some baby boomers are getting worried about technology space, it is reasonable to break down Synnex against economic and market trends. As we have suggested previously, Synnex is beginning its slide as investors shift to be more bearish due to the increased sector volatility. A lot of the movements of the company stock price movements has been a reflection of what is happening in the market overall. 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 23rd of March 2021. The stock just had it stock split. Synnex has reported 245 for 100 split on 1st of December 2020.
Published over a week ago
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Is Synnex (NYSE:SNX) outlook positive for February?
The entity'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.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Synnex's stock price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Synnex in the context of predictive analytics.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Synnex. Your research has to be compared to or analyzed against Synnex's peers to derive any actionable benefits. When done correctly, Synnex's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Synnex.

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 2020

Exercise or conversion by Peter Larocque of 699 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 Peter Larocque, President N.A. Distribution, on 20th of January 2021. This event was filed by Synnex Corp with SEC on 2021-01-20. Statement of changes in beneficial ownership - SEC Form 4. Peter Larocque currently serves as president of north american technology solutions 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 Variance

Synnex has current Variance of 8.68. Variance is another measure of security risk that shows the amount of dispersion of equity returns around their mean value. Variance is calculated as the average squared deviations from the mean. Evaluating a set of investment alternatives one can use variance to help determine the volatility when purchasing a specific security. Similar to Standard Deviation, the variance is a measure of how far a set of numbers is spread out around its mean.

Variance is also a measure of stock volatility and can help determine the risk an investor might take on when purchasing a specific security. A relatively big variance indicates that the daily prices or returns are far from the mean and a small variance indicates that they are located around the mean.

SUM = Summation notation
RET DEV = Actual returns deviation over selected period
N = Number of points for the period

Analysis of Synnex

Synnex current potential upside rises over 4.21. As of the 11th of January 2021, Synnex has the Coefficient Of Variation of 494.6, semi deviation of 1.55, and Risk Adjusted Performance of 0.214. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Synnex, as well as the relationship between them. In other words, you can use this information to find out if the company will indeed mirror its model of past prices and volume data, or the prices will eventually revert. We were able to analyze and collect data for nineteen technical drivers for Synnex, which can be compared to its competition. Please validate Synnex variance and potential upside to decide if Synnex is priced more or less accurately, providing market reflects its prevalent price of 86.9 per share. Given that Synnex has jensen alpha of 0.4119, we advise you to double-check Synnex's current market performance to make sure the company can sustain itself at a future point.

The Bottom Line

While other companies 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 as the risk-reward trade off is appealing enough to hold a position. 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 Vlad Skutelnik do not own shares of Synnex. Please refer to our Terms of Use for any information regarding our disclosure principles.

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