Covestro ADR Financials
| COVTY Stock | USD 30.24 0.51 1.72% |
Covestro |
Understanding current and past Covestro ADR Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Covestro ADR's financial statements are interrelated, with each one affecting the others. For example, an increase in Covestro ADR's assets may result in an increase in income on the income statement.
Please note, the imprecision that can be found in Covestro ADR's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Covestro ADR. Check Covestro ADR's Beneish M Score to see the likelihood of Covestro ADR's management manipulating its earnings.
Covestro ADR Stock Summary
Covestro ADR competes with HUMANA, Barloworld, Morningstar Unconstrained, High-yield Municipal, and Thrivent High. Covestro AG supplies high-tech polymer materials and related application solutions. The company was founded in 1863 and is headquartered in Leverkusen, Germany. Covestro is traded on OTC Exchange in the United States.| Instrument | USA Pink Sheet View All |
| Exchange | PINK Exchange |
| ISIN | US22304D2071 |
| Business Address | Kaiser-Wilhelm-Allee 60, Leverkusen, |
| Sector | Basic Materials |
| Industry | Specialty Chemicals |
| Benchmark | Dow Jones Industrial |
| Website | www.covestro.com |
| Phone | 49 214 6009 2000 |
| Currency | USD - US Dollar |
Covestro ADR Key Financial Ratios
Covestro ADR's financial ratios allow both analysts and investors to convert raw data from Covestro ADR's financial statements into concise, actionable information that can be used to evaluate the performance of Covestro ADR over time and compare it to other companies across industries.| Return On Equity | 0.12 | |||
| Return On Asset | 0.0533 | |||
| Target Price | 21.0 | |||
| Beta | 1.37 | |||
| Z Score | 4.0 |
Covestro Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Covestro ADR's current stock value. Our valuation model uses many indicators to compare Covestro ADR value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Covestro ADR competition to find correlations between indicators driving Covestro ADR's intrinsic value. More Info.Covestro ADR is number one stock in return on equity category among its peers. It also is number one stock in return on asset category among its peers reporting about 0.46 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Covestro ADR is roughly 2.18 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Covestro ADR by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Covestro ADR's Pink Sheet. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Covestro ADR Systematic Risk
Covestro ADR's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Covestro ADR volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twelve with a total number of output elements of fourty-nine. The Beta measures systematic risk based on how returns on Covestro ADR correlated with the market. If Beta is less than 0 Covestro ADR generally moves in the opposite direction as compared to the market. If Covestro ADR Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Covestro ADR is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Covestro ADR is generally in the same direction as the market. If Beta > 1 Covestro ADR moves generally in the same direction as, but more than the movement of the benchmark.
Covestro ADR November 26, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Covestro ADR help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Covestro ADR. We use our internally-developed statistical techniques to arrive at the intrinsic value of Covestro ADR based on widely used predictive technical indicators. In general, we focus on analyzing Covestro Pink Sheet price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Covestro ADR's daily price indicators and compare them against related drivers.
| Downside Deviation | 0.8002 | |||
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 7.41 | |||
| Value At Risk | (1.50) | |||
| Potential Upside | 1.28 |
Additional Tools for Covestro Pink Sheet Analysis
When running Covestro ADR's price analysis, check to measure Covestro ADR'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 Covestro ADR is operating at the current time. Most of Covestro ADR's value examination focuses on studying past and present price action to predict the probability of Covestro ADR's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Covestro ADR's price. Additionally, you may evaluate how the addition of Covestro ADR to your portfolios can decrease your overall portfolio volatility.