Covenant Logistics (Germany) Price on September 2, 2024
| CV5 Stock | EUR 53.00 1.00 1.92% |
If you're considering investing in Covenant Stock, it is important to understand the factors that can impact its price. As of today, the current price of Covenant Logistics stands at 53.00, as last reported on the 29th of December, with the highest price reaching 53.00 and the lowest price hitting 53.00 during the day. Covenant Logistics appears to be very steady, given 3 months investment horizon. Covenant Logistics secures Sharpe Ratio (or Efficiency) of 0.1, which signifies that the company had a 0.1% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Covenant Logistics Group, which you can use to evaluate the volatility of the firm. Please makes use of Covenant Logistics' Downside Deviation of 1.72, mean deviation of 1.43, and Risk Adjusted Performance of 0.0805 to double-check if our risk estimates are consistent with your expectations.
Covenant Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Covenant |
Sharpe Ratio = 0.1036
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Estimated Market Risk
| 2.0 actual daily | 17 83% of assets are more volatile |
Expected Return
| 0.21 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.1 actual daily | 8 92% of assets perform better |
Based on monthly moving average Covenant Logistics is performing at about 8% of its full potential. 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 Covenant Logistics by adding it to a well-diversified portfolio.
Covenant Logistics Valuation on September 2, 2024
It is possible to determine the worth of Covenant Logistics on a given historical date. On September 2, 2024 Covenant was worth 47.39 at the beginning of the trading date compared to the closed value of 47.39. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Covenant Logistics stock. Still, in general, we apply an absolute valuation method to find Covenant Logistics' 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 Covenant Logistics where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Covenant Logistics' related companies.
| Open | High | Low | Close | Volume | |
| 46.80 | 46.80 | 46.80 | 46.80 | 1.00 | |
09/02/2024 | 47.39 | 47.39 | 47.39 | 47.39 | 1.00 |
| 47.19 | 47.19 | 47.19 | 47.19 | 1.00 |
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Covenant Logistics Trading Date Momentum on September 2, 2024
| On September 03 2024 Covenant Logistics Group was traded for 47.19 at the closing time. The highest daily price throughout the period was 47.19 and the lowest price was 47.19 . There was no trading activity during the period 1.0. Lack of trading volume on 09/03/2024 added to the next day price reduction. The overall trading delta to closing price of the next trading day was 0.42% . The overall trading delta to current closing price is 2.28% . |
Covenant Logistics Fundamentals Correlations and Trends
By evaluating Covenant Logistics' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Covenant Logistics' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Covenant financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Covenant Logistics Stock history
Covenant Logistics 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 Covenant is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Covenant Logistics 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 Covenant Logistics stock prices may prove useful in developing a viable investing in Covenant Logistics
Covenant Logistics Group, Inc., together with its subsidiaries, provides transportation and logistics services in the United States. Covenant Logistics Group, Inc. was founded in 1986 and is based in Chattanooga, Tennessee. COVENANT LOG operates under Trucking classification in Germany and is traded on Frankfurt Stock Exchange. It employs 4900 people.
Covenant Logistics Stock Technical Analysis
Covenant Logistics 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
Covenant Logistics Period Price Range
Low | December 29, 2024
| High |
0.00 | 0.00 |
Covenant Logistics Group cannot be verified against its exchange. Please verify the symbol is currently traded on Frankfurt 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.
Covenant Logistics December 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Covenant Logistics stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Covenant Logistics shares will generate the highest return on investment. By undertsting and applying Covenant Logistics stock market strength indicators, traders can identify Covenant Logistics Group entry and exit signals to maximize returns
Covenant Logistics Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Covenant Logistics' price direction in advance. Along with the technical and fundamental analysis of Covenant Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Covenant 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 | 0.0805 | |||
| Jensen Alpha | 0.1738 | |||
| Total Risk Alpha | 0.12 | |||
| Sortino Ratio | 0.0887 | |||
| Treynor Ratio | 3.03 |
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Complementary Tools for Covenant Stock analysis
When running Covenant Logistics' price analysis, check to measure Covenant Logistics' 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 Covenant Logistics is operating at the current time. Most of Covenant Logistics' value examination focuses on studying past and present price action to predict the probability of Covenant Logistics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Covenant Logistics' price. Additionally, you may evaluate how the addition of Covenant Logistics to your portfolios can decrease your overall portfolio volatility.
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