Covenant Logistics Group, Stock Price on July 24, 2024
| CVLG Stock | USD 58.08 0.17 0.29% |
Below is the normalized historical share price chart for Covenant Logistics Group, extending back to October 28, 1994. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Covenant Logistics stands at 58.08, as last reported on the 1st of December, with the highest price reaching 58.77 and the lowest price hitting 57.78 during the day.
If you're considering investing in Covenant Stock, it is important to understand the factors that can impact its price. At this point, Covenant Logistics is very steady. Covenant Logistics Group, secures Sharpe Ratio (or Efficiency) of 0.0837, which signifies that the company had a 0.0837% return per unit of risk over the last 3 months. We have found thirty technical indicators for Covenant Logistics Group,, which you can use to evaluate the volatility of the firm. Please confirm Covenant Logistics' Risk Adjusted Performance of 0.0753, mean deviation of 1.38, and Downside Deviation of 1.53 to double-check if the risk estimate we provide is consistent with the expected return of 0.17%.
At this time, Covenant Logistics' Stock Based Compensation To Revenue is most likely to increase slightly in the upcoming years. . At this time, Covenant Logistics' Price To Book Ratio is most likely to slightly decrease in the upcoming years. The Covenant Logistics' current Price Fair Value is estimated to increase to 1.53, while Price Earnings To Growth Ratio is forecasted to increase to (0.25). Covenant Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 28th of October 1994 | 200 Day MA 50.0068 | 50 Day MA 54.1132 | Beta 1.352 |
Covenant |
Sharpe Ratio = 0.0837
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Estimated Market Risk
| 2.03 actual daily | 18 82% of assets are more volatile |
Expected Return
| 0.17 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.08 actual daily | 6 94% of assets perform better |
Based on monthly moving average Covenant Logistics is performing at about 6% 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.
Price Book 1.7738 | Enterprise Value Ebitda 6.9969 | Price Sales 0.6765 | Shares Float 7.8 M | Dividend Share 0.44 |
Covenant Logistics Valuation on July 24, 2024
It is possible to determine the worth of Covenant Logistics on a given historical date. On July 24, 2024 Covenant was worth 51.42 at the beginning of the trading date compared to the closed value of 50.65. 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 | |
| 51.13 | 51.70 | 50.94 | 51.33 | 58,539 | |
07/24/2024 | 51.42 | 52.10 | 50.58 | 50.65 | 75,366 |
| 52.02 | 55.29 | 51.35 | 54.83 | 208,624 |
| Backtest Covenant Logistics | | | Covenant Logistics History | | | Covenant Logistics Valuation | Previous | Next |
Covenant Logistics Trading Date Momentum on July 24, 2024
| On July 25 2024 Covenant Logistics Group, was traded for 54.83 at the closing time. The top price for the day was 55.29 and the lowest listed price was 51.35 . The trading volume for the day was 208.6 K. The trading history from July 25, 2024 was a factor to the next trading day price rise. The overall trading delta against the next closing price was 8.25% . The overall trading delta against the current closing price is 1.46% . |
Covenant Logistics Group, 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 Group, 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
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 13.8 M | 16.6 M | |
| Net Income Applicable To Common Shares | 125 M | 131.2 M |
Covenant Logistics Quarterly Net Working Capital |
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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 1, 2024
| High |
0.00 | 0.00 |
Covenant Logistics Group, 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.
Covenant Logistics December 1, 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 | 0.0753 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | 0.0281 | |||
| Treynor Ratio | 0.0953 |
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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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