Covenant Competitors

Stocks . Germany . 
Stock . Covenant Logistics Group
CV5 Stock  EUR 24.20  0.20  0.83%   
Covenant Logistics competes with SYSTEMAIR, Ryanair Holdings, UNITED UTILITIES, Infrastrutture Wireless, and Tencent Music; as well as few others. The company classifies itself under Ground Transportation sector and is part of Industrials industry. Analyzing Covenant Logistics competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Covenant Logistics to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Covenant Logistics Correlation with its peers.

Covenant Logistics vs MYFAIR GOLD Correlation

Very poor diversification

The correlation between Covenant Logistics Group and 9M5 is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Covenant Logistics Group and 9M5 in the same portfolio, assuming nothing else is changed.

Moving together with Covenant Stock

  0.85JMI Deep Yellow LimitedPairCorr

Moving against Covenant Stock

  0.68BDD CONICO LTD SplitPairCorr
Specify up to 10 symbols:
Hype
Prediction
LowEstimatedHigh
21.5924.3927.19
Details
Intrinsic
Valuation
LowRealHigh
23.2626.0628.86
Details
Naive
Forecast
LowNextHigh
20.8023.6026.40
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.850.981.08
Details

Covenant Logistics Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Covenant Logistics and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Covenant and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Covenant Logistics does not affect the price movement of the other competitor.

High positive correlations

9M5
+ 0.79
52SA
9M5
+ 0.79
UUEC
RY4C
+ 0.74
52SA
2LH
+ 0.68
WI8
9M5
+ 0.58
RY4C
2LH
+ 0.58
0VD0
  

High negative correlations

2LH
- 0.83
RY4C
2LH
- 0.8
52SA
9M5
- 0.7
2LH
9M5
- 0.67
0VD0
0VD0
- 0.66
UUEC
0VD0
- 0.62
52SA

Risk-Adjusted Indicators

There is a big difference between Covenant Stock performing well and Covenant Logistics Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Covenant Logistics' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

Covenant Logistics Competitive Analysis

The better you understand Covenant Logistics competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Covenant Logistics' competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Covenant Logistics' competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
CV5 52SA RY4C UUEC WI8 63T 0VD0 2LH 9M5
 0.83 
 24.20 
Covenant
 1.84 
 8.29 
SYSTEMAIR
 1.27 
 27.97 
Ryanair
 1.35 
 14.60 
UNITED
 2.33 
 7.92 
Infrastrutture
 2.16 
 6.80 
Tencent
 2.12 
 9.65 
UNIVMUSIC
 3.77 
 2.04 
MOVIE
 0.60 
 3.38 
MYFAIR
Market Volatility
(90 Days Market Risk)
Very steady
Not too volatile
Very steady
Very steady
Somewhat reliable
Somewhat reliable
Not too volatile
Very risky
Very risky
Market Performance
(90 Days Performance)
Solid
Fair
Mild
Fair
Weakest
Weakest
Weakest
Weakest
Good
Odds of Financial Distress
(Probability Of Bankruptcy)
Low
Low
Low
Low
Low
Low
Low
High
Average
Current Valuation
(Equity Enterprise Value)
Under Valued
Under Valued
Fairly Valued
Fairly Valued
Fairly Valued
Over Valued
Fairly Valued
Over Valued
Over Valued
Buy or Sell Advice
(Average Analysts Consensus)
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Trade Advice
(90 Days Macroaxis Advice)
Buy
Strong Buy
Cautious Hold
Hold
Cautious Hold
Strong Sell
Cautious Hold
Strong Sell
Strong Sell
Current Ratio
1.12
N/A
N/A
N/A
0.65
N/A
N/A
N/A
N/A
Net Asset
997.57 M
N/A
17.51 B
16.77 B
9.48 B
90.44 B
N/A
N/A
N/A
Profit Margin
0.0062
0.0556
0.15
N/A
0.34
0.34
0.21
-0.35
N/A
EBITDA
104.46 M
1.38 B
3.07 B
N/A
770.97 M
12.59 B
2.18 B
3.42 M
(8.72 M)
Operating Margin
-0.0449
N/A
0.0321
N/A
0.55
0.29
0.17
N/A
N/A
Current Valuation
865.03 M
1.87 B
29.31 B
20.88 B
12.02 B
21.22 B
38.81 B
4.83 M
201.6 M
Price To Book
1.63
3.05
3.44
4.37
1.98
2.27
7.11
0.89
6.51
Retained Earnings
278.13 M
N/A
5.59 B
1.18 B
354.11 M
20.05 B
N/A
N/A
N/A
Beta
1.2
1.5
1.04
N/A
0.61
0.44
0.77
0.39
0.16
Number Of Employees
3.1 K
7.18 K
26 K
N/A
328
5.35 K
9.64 K
2
N/A
Shares Outstanding
20.35 M
207.53 M
1.05 B
N/A
902.34 M
1.42 B
3.67 B
2.57 M
66.8 M
Cash Flow From Operations
122.89 M
N/A
3.42 B
N/A
762.86 M
10.28 B
N/A
N/A
N/A
Annual Yield
0.0098
0.0151
0.0134
0.0433
0.0656
0.0107
0.0273
0.0115
N/A
Total Debt
64.21 M
N/A
2.68 B
453.3 M
430.17 M
2.15 B
N/A
N/A
N/A
Return On Equity
0.0102
0.12
0.26
N/A
0.096
0.15
0.62
-0.17
-0.22
Return On Asset
0.0275
0.0683
0.0954
N/A
0.0387
0.0784
0.0774
0.0098
-0.14
Book Value Per Share
14.36
28.12
8.36
N/A
3.97
6.58
2.66
N/A
0.51
Total Asset
997.57 M
N/A
17.51 B
16.77 B
9.48 B
90.44 B
N/A
N/A
N/A
Debt To Equity
0.3
N/A
N/A
N/A
57.7
N/A
N/A
N/A
N/A
Target Price
31.67
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Last Dividend Paid
0.28
N/A
0.42
0.28
0.52
1.31
0.52
N/A
N/A
Shares Owned By Institutions
68.46
41.05
43.68
N/A
18.3
2.95
0.15
N/A
16.06
Market Capitalization
606.17 M
1.64 B
29.23 B
8.95 B
7.08 B
27.04 B
35.68 B
5.28 M
91.51 M
Price To Earning
147.37
N/A
N/A
N/A
37.41
N/A
N/A
N/A
N/A
Price To Earnings To Growth
N/A
N/A
0.88
0.72
1.38
0.71
2.68
N/A
N/A
Price To Sales
0.52
1.44
1.91
3.68
6.62
0.85
2.93
2.21
N/A
Net Income
35.92 M
N/A
1.61 B
N/A
353.94 M
6.64 B
N/A
N/A
N/A
Earnings Per Share
0.14
0.31
2.09
N/A
0.41
0.42
0.72
-0.04
-0.1
Shares Owned By Insiders
28.09
53.69
4.04
N/A
65.1
21.04
N/A
17.68
19.42
Revenue
1.13 B
12.41 B
13.95 B
N/A
1.04 B
28.4 B
12.19 B
N/A
N/A
Working Capital
32.57 M
N/A
(2.14 B)
1.01 B
(536.46 M)
17.99 B
N/A
N/A
N/A
Cash And Equivalents
4.97 M
N/A
N/A
N/A
144.86 M
N/A
N/A
N/A
N/A
Cash Per Share
0.3
N/A
N/A
N/A
0.24
N/A
N/A
N/A
N/A
Gross Profit
256.28 M
4.53 B
4.57 B
N/A
992.41 M
13.93 B
5.22 B
N/A
N/A
Day Typical Price
24.2
8.29
27.89
14.6
7.92
6.8
9.62
2.05
3.37
Accumulation Distribution
N/A
N/A
167.02
N/A
N/A
N/A
0.0104
0.0192
0.0059
Market Facilitation Index
N/A
N/A
0.0
N/A
N/A
N/A
0.1
0.04
0.02
Daily Balance Of Power
9.2 T
9.2 T
(1.00)
0
9.2 T
0
2.0
(2.00)
1.0
Period Momentum Indicator
0.2
0.15
(0.36)
(0.20)
0.18
(0.15)
0.2
(0.08)
0.02
Rate Of Daily Change
1.01
1.02
0.99
0.99
1.02
0.98
1.02
0.96
1.01
Day Median Price
24.2
8.29
27.85
14.6
7.92
6.8
9.6
2.06
3.37
Price Action Indicator
0.1
0.075
(0.06)
(0.10)
0.09
(0.07)
0.15
(0.06)
0.02
Coefficient Of Variation
482.32
868.26
1374.73
935.35
(1,146)
(990.17)
(716.61)
(767.66)
737.76
Mean Deviation
1.96
1.21
1.15
0.9643
1.44
1.75
1.23
2.19
3.36
Jensen Alpha
0.5503
0.2015
0.0862
0.1114
(0.22)
(0.25)
(0.26)
(0.37)
0.6344
Total Risk Alpha
0.2876
0.0255
(0.05)
4.0E-4
(0.43)
(0.51)
(0.40)
(0.71)
0.1532
Sortino Ratio
0.2116
0.1322
0.0162
0.037
N/A
N/A
N/A
N/A
0.1248
Downside Variance
5.13
1.48
1.76
1.72
N/A
N/A
N/A
N/A
16.94
Standard Deviation
2.74
2.18
1.53
1.29
2.25
2.49
1.62
3.06
4.45
Kurtosis
5.19
28.2
0.2003
0.0158
9.78
2.26
2.08
1.47
0.6357
Potential Upside
4.89
2.43
2.93
2.78
3.01
4.08
1.96
4.62
8.87
Treynor Ratio
5.14
0.4899
0.5402
0.6082
(1.62)
2.25
(0.82)
0.7564
(1.15)
Maximum Drawdown
11.15
16.34
7.18
5.36
15.06
10.22
10.56
15.43
22.63
Variance
7.53
4.73
2.33
1.67
5.06
6.21
2.62
9.39
19.81
Market Risk Adjusted Performance
5.15
0.4999
0.5502
0.6182
(1.61)
2.26
(0.81)
0.7664
(1.14)
Risk Adjusted Performance
0.1741
0.0991
0.0633
0.0899
(0.06)
(0.07)
(0.11)
(0.1)
0.1174
Skewness
1.45
4.45
0.3481
0.5346
(1.64)
0.1474
(0.26)
(0.26)
0.5405
Semi Deviation
1.57
0.8842
1.21
0.8139
N/A
N/A
N/A
N/A
3.29
Information Ratio
0.1747
0.074
0.014
0.0376
(0.13)
(0.14)
(0.19)
(0.16)
0.1154
Value At Risk
(3.05)
(1.69)
(2.24)
(2.11)
(2.85)
(3.47)
(2.80)
(5.82)
(5.52)
Expected Short fall
(2.79)
(1.61)
(1.37)
(1.73)
N/A
N/A
N/A
N/A
(4.29)
Downside Deviation
2.26
1.22
1.33
1.31
N/A
N/A
N/A
N/A
4.12
Semi Variance
2.47
0.7818
1.45
0.6625
N/A
N/A
N/A
N/A
10.84

Covenant Logistics Competition Performance Charts

Five steps to successful analysis of Covenant Logistics Competition

Covenant Logistics' competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Covenant Logistics in relation to its competition. Covenant Logistics' competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of Covenant Logistics in the market, both direct and indirect, as well as new entrants and disruptive technologies.
  • Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
  • Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Covenant Logistics' competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Covenant Logistics, and developing a strategy to address them.
  • Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Covenant Logistics position

In addition to having Covenant Logistics in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Small Cap ETFs Theme
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When determining whether Covenant Logistics is a strong investment it is important to analyze Covenant Logistics' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Covenant Logistics' future performance. For an informed investment choice regarding Covenant Stock, refer to the following important reports:
How To Invest In Covenant
Details
Is Covenant Stock a good investment?
Details
What is Covenant Logistics' Net Worth?
Details
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Check out Covenant Logistics Correlation with its peers.
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Altman
Z Score
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Intrinsic
Valuation
Details
Financial
Analysis
Details
Buy or Sell
Advice
Details
Earnings
Projections
Details
It's important to distinguish between Covenant Logistics' intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Covenant Logistics should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. In contrast, Covenant Logistics' trading price reflects the actual exchange value where willing buyers and sellers reach mutual agreement.
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
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