Covista Competitors

Pink Sheets . USA . 
Stock . Covista Communications
CVST Stock  USD 0.0003  0.00  0.00%   
Covista Communications competes with MTN Group, Vodacom Group, Telenor ASA, WideOpenWest, and XL Axiata; as well as few others. The company conducts business under Diversified Telecommunication Services sector and is part of Communication Services industry. Analyzing Covista Communications 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 Covista Communications to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Covista Communications Correlation with its peers.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Covista Communications competition on your existing holdings.
  
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Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Covista Communications' 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.
Hype
Prediction
LowEstimatedHigh
0.000.00030.00
Details
Intrinsic
Valuation
LowRealHigh
0.000.00030.00
Details

Covista Communications Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Covista Communications and its competitors represents the degree of relationship between the price movements of corresponding pink sheets. A correlation of about +1.0 implies that the price of Covista 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 Covista Communications does not affect the price movement of the other competitor.

High positive correlations

WOW
+ 0.82
MTNOY
KT
+ 0.8
TLTZY
PTXKY
+ 0.78
VDMCY
KT
+ 0.77
PTXKY
TLTZY
+ 0.74
PTXKY
KT
+ 0.73
VDMCY
  

High negative correlations

TIMB
- 0.63
PTXKY
TIMB
- 0.52
TLTZY
TIMB
- 0.48
KT
TIMB
- 0.44
VDMCY
PTXKY
- 0.41
TELNY
TIMB
- 0.4
WOW

Risk-Adjusted Indicators

There is a big difference between Covista Pink Sheet performing well and Covista Communications 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 Covista Communications' 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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
MTNOY  1.43  0.08  0.02  0.22  1.74 
(1.55)
 2.93 
(2.58)
 10.09 
VDMCY  1.18  0.19  0.08  0.71  1.40 
(1.28)
 2.69 
(2.46)
 6.85 
TELNY  0.87 (0.25) 0.00 (0.47) 0.00 
 0.00 
 1.72 
(1.63)
 8.41 
WOW  13.76  7.24  14.82 (3.68) 0.00 
(16.92)
 0.78 
(0.44)
 462.61 
PTXKY  4.43  0.90  0.15  0.53  4.89 
(6.16)
 9.64 
(10.71)
 43.60 
TLTZY  1.31  0.01 (0.02) 0.14  1.81 
(1.32)
 3.05 
(2.89)
 9.92 
KT  0.84  0.01 (0.05) 0.14  0.98 
(0.91)
 1.66 
(1.58)
 4.22 
TELNF  2.01  0.09 (0.01)(0.05) 3.58 
(5.15)
 6.90 
(5.90)
 31.87 
SKM  0.89  0.20  0.06 (0.41) 0.97 
(0.95)
 1.52 
(1.34)
 5.40 
TIMB  1.39  0.10  0.02  0.34  1.90 
(1.33)
 3.06 
(2.72)
 8.26 
All Fundamental Data

Covista Communications Competitive Analysis

The better you understand Covista Communications competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Covista Communications' 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 Covista Communications' competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
CVST MTNOY VDMCY TELNY WOW PTXKY TLTZY KT TELNF SKM
 0.00 
 0.0003 
Covista
 0.28 
 10.55 
MTN
 0.57 
 8.83 
Vodacom
 0.75 
 14.71 
Telenor
 0.29 
 30.48 
WideOpenWest
 6.21 
 4.96 
PTXKY
 0.72 
 8.44 
Tele2
 0.56 
 19.63 
KT
 6.90 
 15.50 
Telenor
 0.73 
 23.35 
SKM
Market Volatility
(90 Days Market Risk)
Very steady
Not too volatile
Not too volatile
Very steady
Out of control
Very risky
Somewhat reliable
Very steady
Somewhat reliable
Very steady
Market Performance
(90 Days Performance)
Weakest
Mild
Good
Weakest
Fair
Good
Weak
Mild
Weakest
Fair
Odds of Financial Distress
(Probability Of Bankruptcy)
Small
Low
Low
Small
Small
Small
Small
Low
Small
Small
Current Valuation
(Equity Enterprise Value)
Over Valued
Over Valued
Fairly Valued
Fairly Valued
Over Valued
Over Valued
Over Valued
Under Valued
Over Valued
Over Valued
Buy or Sell Advice
(Average Analysts Consensus)
Not Available
Not Available
Not Available
Not Available
Buy
Not Available
Not Available
Buy
Not Available
Not Available
Trade Advice
(90 Days Macroaxis Advice)
Strong Sell
Strong Hold
Strong Hold
Strong Hold
Cautious Hold
Cautious Hold
Strong Sell
Strong Hold
Strong Sell
Cautious Hold
Current Ratio
1.46
0.92
0.88
0.64
0.87
0.26
0.71
1.13
0.64
0.93
Net Asset
27.23 M
365.8 B
177.97 B
225.74 B
1.51 B
72.75 T
74.25 B
42 T
225.74 B
30.52 T
Profit Margin
-0.0589
0.0992
0.15
0.45
-0.13
0.0439
0.2
0.0345
0.45
0.0339
EBITDA
1.17 M
73.35 B
42.88 B
44.63 B
216.5 M
14.01 T
11.07 B
4.24 T
54.45 B
5.86 T
Operating Margin
-0.028
0.3
0.23
0.19
0.016
N/A
N/A
0.0748
0.19
0.0123
Current Valuation
16.4 M
17.47 B
15.27 B
25.09 B
1.51 B
3.87 B
9.26 B
12.52 B
24.72 B
14.22 B
Price To Book
1.18
2.24
2.42
5.22
3.01
0.99
2.87
0.79
5.25
1.01
Retained Earnings
(38.72 M)
N/A
25.22 B
60.97 B
(38.5 M)
7.74 T
N/A
13.75 T
60.97 B
23.03 T
Current Asset
15.78 M
82.47 B
29.58 B
54.27 B
142.89 M
7.21 T
9.15 B
7.37 B
54.27 B
5.78 T
Five Year Return
N/A
6.88
6.57
5.68
N/A
N/A
7.05
N/A
5.66
4.67
Beta
-1.32
0.81
0.13
0.083
0.83
0.42
0.3
0.038
0.083
0.29
Number Of Employees
162
55
47
60
1.32 K
1.93 K
52
14.02 K
60
43
Shares Outstanding
N/A
1.81 B
1.69 B
1.4 B
85.7 M
656.42 M
1.38 B
482.26 M
1.4 B
383.75 M
Cash Flow From Operations
(5.1 M)
67.29 B
34.03 B
42.27 B
163.7 M
11.96 T
10.3 B
5.07 T
42.27 B
5.09 T
Annual Yield
N/A
0.0507
0.0681
0.0803
N/A
0.0237
0.26
0.0412
0.078
0.0667
Total Debt
N/A
65.48 B
20.56 B
87.11 B
1.04 B
8.53 T
22.51 B
11.58 T
87.11 B
10.76 T
Return On Equity
-0.21
0.21
0.18
0.28
-0.43
0.0622
0.19
0.0508
0.28
0.0552
Z Score
0.6
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Return On Asset
-0.0292
0.1
0.0834
0.0493
0.0036
0.0325
0.046
0.0232
0.0493
0.0246
Book Value Per Share
0.76
61.27
53.38
42.98
1.79
2.82
1.91
49.15
42.98
37.25
Number Of Shares Shorted
N/A
N/A
N/A
N/A
2.97 M
N/A
N/A
4.62 M
N/A
1.68 M
Current Liabilities
10.83 M
79.12 B
24.59 B
74.06 B
253.61 M
14.07 T
12.56 B
7.42 B
74.06 B
5.39 T
Total Asset
27.23 M
365.8 B
177.97 B
225.74 B
1.51 B
72.75 T
74.25 B
42 T
225.74 B
30.52 T
Debt To Equity
0.019
1.24
0.61
4.6
1.29
1.96
1.48
0.6
4.6
0.92
Last Dividend Paid
N/A
3.0
7.7
9.4
N/A
N/A
N/A
2300.0
9.4
3540.0
Target Price
N/A
N/A
N/A
12.69
4.76
N/A
N/A
22.28
69.31
23.48
Short Ratio
N/A
N/A
N/A
N/A
8.07
N/A
N/A
2.73
N/A
2.44
Shares Owned By Institutions
N/A
0.03
N/A
N/A
88.01
N/A
N/A
28.9
31.24
7.38
Market Capitalization
27.58 M
14.8 B
11.73 B
15.93 B
445.86 M
1.99 B
6.04 B
9.41 B
15.99 B
8.05 B
Price To Earning
-0.02
12.34
10.76
6.82
62.65
N/A
14.8
11.65
6.54
10.27
Price To Earnings To Growth
N/A
N/A
N/A
1.35
0.19
N/A
6.11
0.29
1.36
3.98
Price To Sales
0.31
0.0724
0.11
0.12
0.75
0.71
2.31
3.0E-4
0.12
5.0E-4
Net Income
(5.33 M)
13.75 B
17.16 B
1.53 B
(58.8 M)
1.29 T
4.31 B
406.67 B
1.53 B
1.25 T
Earnings Per Share
-0.17
0.58
0.53
0.65
-0.95
0.16
0.36
1.34
0.65
1.0
Shares Owned By Insiders
N/A
N/A
N/A
N/A
3.53
N/A
N/A
N/A
53.97
N/A
Revenue
59.84 M
181.65 B
102.74 B
110.24 B
630.9 M
26.75 T
26.79 B
26.43 T
110.24 B
17.94 T
Working Capital
4.95 M
3.35 B
4.99 B
(19.8 B)
(71.4 M)
(6.86 T)
(3.41 B)
339.88 B
(19.8 B)
(1.75 T)
Cash And Equivalents
6.51 M
44.96 B
18.09 B
16.22 B
38.8 M
167.93 M
136.81 M
3.56 T
16.22 B
2.02 T
Cash Per Share
0.37
24.9
10.69
11.63
0.59
0.31
0.14
N/A
11.63
N/A
Gross Profit
27.01 M
121.91 B
56.85 B
62.55 B
368.2 M
17.52 T
11.29 B
10.69 T
62.55 B
12.17 T
Day Typical Price
3.0E-4
10.58
8.83
14.7
30.55
4.96
8.47
19.64
15.5
23.25
Accumulation Distribution
N/A
26.41
N/A
0.35
19591.52
N/A
18.16
25939.03
N/A
14518.67
Market Facilitation Index
N/A
0.0
N/A
1.0E-4
N/A
N/A
1.0E-4
N/A
N/A
N/A
Daily Balance Of Power
0.0
(0.30)
9.2 T
5.5
(0.24)
9.2 T
0.6667
0.3548
9.2 T
0.4359
Period Momentum Indicator
N/A
(0.03)
0.05
0.11
(0.09)
0.29
0.06
0.11
1.0
0.17
Rate Of Daily Change
1.0
1.0
1.01
1.01
1.0
1.06
1.01
1.01
1.07
1.01
Day Median Price
3.0E-4
10.6
8.83
14.7
30.59
4.96
8.49
19.65
15.5
23.21
Price Action Indicator
N/A
(0.07)
0.025
0.065
(0.15)
0.15
(0.01)
0.04
0.5
0.23
Coefficient Of Variation
N/A
1272.73
689.15
(653.88)
802.17
641.63
3328.79
2037.89
12052.76
986.15
Mean Deviation
N/A
1.43
1.18
0.8718
13.76
4.43
1.31
0.836
2.01
0.8863
Jensen Alpha
N/A
0.08
0.1899
(0.25)
7.24
0.8963
0.0142
0.0131
0.0861
0.1957
Total Risk Alpha
N/A
(0.1)
0.0211
(0.38)
(0.05)
0.2042
(0.18)
(0.09)
(0.56)
(0.05)
Sortino Ratio
N/A
0.0227
0.077
N/A
14.82
0.1498
(0.02)
(0.05)
(0.01)
0.056
Downside Variance
N/A
3.78
2.68
N/A
0.2213
43.76
3.73
1.18
88.38
1.46
Standard Deviation
N/A
1.87
1.57
1.33
56.74
7.02
1.81
1.03
4.72
1.68
Kurtosis
N/A
1.06
0.7076
10.11
65.99
5.48
1.05
(0.36)
8.53
23.68
Potential Upside
N/A
2.93
2.69
1.72
0.7797
9.64
3.05
1.66
6.9
1.52
Treynor Ratio
N/A
0.2232
0.7093
(0.47)
(3.68)
0.5348
0.136
0.1364
(0.05)
(0.41)
Maximum Drawdown
N/A
10.09
6.85
8.41
462.61
43.6
9.92
4.22
31.87
5.4
Variance
N/A
3.48
2.48
1.76
3219.5
49.23
3.26
1.07
22.26
2.81
Market Risk Adjusted Performance
N/A
0.2332
0.7193
(0.46)
(3.67)
0.5448
0.146
0.1464
(0.04)
(0.40)
Risk Adjusted Performance
N/A
0.064
0.1123
(0.11)
0.1018
0.1239
0.0281
0.0391
0.0146
0.0804
Skewness
N/A
(0.49)
(0.11)
(1.99)
8.12
1.27
0.0362
(0.13)
0.6312
3.63
Semi Deviation
N/A
1.74
1.4
N/A
0.0
4.89
1.81
0.976
3.58
0.9659
Information Ratio
N/A
0.0237
0.08
(0.23)
0.1229
0.1413
(0.03)
(0.05)
(0.01)
0.0403
Value At Risk
N/A
(2.58)
(2.46)
(1.63)
(0.44)
(10.71)
(2.89)
(1.58)
(5.90)
(1.34)
Expected Short fall
N/A
(1.55)
(1.28)
N/A
(16.92)
(6.16)
(1.32)
(0.91)
(5.15)
(0.95)
Downside Deviation
N/A
1.94
1.64
N/A
0.4704
6.62
1.93
1.09
9.4
1.21
Semi Variance
N/A
3.04
1.96
N/A
(6.95)
23.9
3.27
0.9525
12.85
0.9329

Covista Communications Competition Performance Charts

Five steps to successful analysis of Covista Communications Competition

Covista Communications' 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 Covista Communications in relation to its competition. Covista Communications' competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of Covista Communications 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 Covista Communications' competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Covista Communications, 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.

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Additional Tools for Covista Pink Sheet Analysis

When running Covista Communications' price analysis, check to measure Covista Communications' 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 Covista Communications is operating at the current time. Most of Covista Communications' value examination focuses on studying past and present price action to predict the probability of Covista Communications' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Covista Communications' price. Additionally, you may evaluate how the addition of Covista Communications to your portfolios can decrease your overall portfolio volatility.
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