Concentrix Stock Price on October 29, 2024
| CNXC Stock | USD 42.47 0.58 1.38% |
If you're considering investing in Concentrix Stock, it is important to understand the factors that can impact its price. As of today, the current price of Concentrix stands at 42.47, as last reported on the 25th of December, with the highest price reaching 42.89 and the lowest price hitting 41.66 during the day. Concentrix secures Sharpe Ratio (or Efficiency) of -0.0843, which signifies that the company had a -0.0843% return per unit of risk over the last 3 months. Concentrix exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Concentrix's Mean Deviation of 2.37, risk adjusted performance of (0.11), and Standard Deviation of 3.72 to double-check the risk estimate we provide.
At present, Concentrix's Stock Based Compensation is projected to increase significantly based on the last few years of reporting. . At present, Concentrix's Price Book Value Ratio is projected to slightly decrease based on the last few years of reporting. The current year's Price To Operating Cash Flows Ratio is expected to grow to 15.06, whereas Price Earnings Ratio is forecasted to decline to 17.60. Concentrix Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Concentrix |
Sharpe Ratio = -0.0843
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| Negative Returns | CNXC |
Estimated Market Risk
| 2.99 actual daily | 26 74% of assets are more volatile |
Expected Return
| -0.25 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.08 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Concentrix 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 Concentrix by adding Concentrix to a well-diversified portfolio.
Price Book 0.6513 | Enterprise Value Ebitda 5.8012 | Price Sales 0.2888 | Shares Float 41.8 M | Dividend Share 1.21 |
Concentrix Valuation on October 29, 2024
It is possible to determine the worth of Concentrix on a given historical date. On October 29, 2024 Concentrix was worth 44.18 at the beginning of the trading date compared to the closed value of 44.43. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Concentrix stock. Still, in general, we apply an absolute valuation method to find Concentrix'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 Concentrix where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Concentrix's related companies.
| Open | High | Low | Close | Volume | |
| 44.92 | 45.65 | 44.23 | 44.49 | 523,752 | |
10/29/2024 | 44.18 | 44.74 | 43.91 | 44.43 | 595,296 |
| 44.25 | 46.04 | 44.04 | 44.08 | 521,145 |
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Concentrix Trading Date Momentum on October 29, 2024
| On October 30 2024 Concentrix was traded for 44.08 at the closing time. The top price for the day was 46.04 and the lowest listed price was 44.04 . The trading volume for the day was 521.1 K. The trading history from October 30, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 0.79% . The overall trading delta against the current closing price is 3.04% . |
Concentrix Fundamentals Correlations and Trends
By evaluating Concentrix'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 Concentrix's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Concentrix financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Concentrix Stock history
Concentrix 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 Concentrix is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Concentrix 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 Concentrix stock prices may prove useful in developing a viable investing in Concentrix
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 62.1 M | 57.2 M | |
| Net Income Applicable To Common Shares | 500.3 M | 525.3 M |
Concentrix Stock Technical Analysis
Concentrix technical 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, stock market cycles, or different charting patterns.
Price Boundaries
Concentrix Period Price Range
Low | December 25, 2024
| High |
0.00 | 0.00 |
Concentrix cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ 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.
Concentrix December 25, 2024 Market Strength
Market strength indicators help investors to evaluate how Concentrix stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Concentrix shares will generate the highest return on investment. By undertsting and applying Concentrix stock market strength indicators, traders can identify Concentrix entry and exit signals to maximize returns
Concentrix Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Concentrix's price direction in advance. Along with the technical and fundamental analysis of Concentrix Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Concentrix 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 | (0.11) | |||
| Jensen Alpha | (0.58) | |||
| Total Risk Alpha | (0.70) | |||
| Treynor Ratio | (0.43) |
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| Volume Indicators |
Complementary Tools for Concentrix Stock analysis
When running Concentrix's price analysis, check to measure Concentrix'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 Concentrix is operating at the current time. Most of Concentrix's value examination focuses on studying past and present price action to predict the probability of Concentrix's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Concentrix's price. Additionally, you may evaluate how the addition of Concentrix to your portfolios can decrease your overall portfolio volatility.
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