Covenant Logistics Stock Forecast - Simple Regression
| CVLG Stock | USD 25.21 0.04 0.16% |
The Simple Regression forecasted value of Covenant Logistics Group on the next trading day is expected to be 23.22 with a mean absolute deviation of 1.05 and the sum of the absolute errors of 64.03. Covenant Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Covenant Logistics' historical fundamentals, such as revenue growth or operating cash flow patterns.
The value of relative strength index of Covenant Logistics' stock price is roughly 68 suggesting that the stock is rather overbought by investors as of 9th of January 2026. The main point of the Relative Strength Index (RSI) is to track how fast people are buying or selling Covenant, making its price go up or down. Momentum 68
Buy Stretched
Oversold | Overbought |
Quarterly Earnings Growth (0.25) | EPS Estimate Next Quarter 0.4474 | EPS Estimate Current Year 1.565 | EPS Estimate Next Year 2.0447 | Wall Street Target Price 31.6667 |
Using Covenant Logistics hype-based prediction, you can estimate the value of Covenant Logistics Group from the perspective of Covenant Logistics response to recently generated media hype and the effects of current headlines on its competitors. We also analyze overall investor sentiment towards Covenant Logistics using Covenant Logistics' stock options and short interest. It helps to benchmark the overall future attitude of investors towards Covenant using crowd psychology based on the activity and movement of Covenant Logistics' stock price.
Covenant Logistics Short Interest
A significant increase or decrease in Covenant Logistics' short interest from the previous month could be a good indicator of investor sentiment towards Covenant. Short interest can provide insight into the potential direction of Covenant Logistics stock and how bullish or bearish investors feel about the market overall.
200 Day MA 22.2165 | Short Percent 0.0347 | Short Ratio 3.64 | Shares Short Prior Month 132.2 K | 50 Day MA 20.9936 |
Covenant Logistics Hype to Price Pattern
Investor biases related to Covenant Logistics' public news can be used to forecast risks associated with an investment in Covenant. The trend in average sentiment can be used to explain how an investor holding Covenant can time the market purely based on public headlines and social activities around Covenant Logistics Group. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Some investors profit by finding stocks that are overvalued or undervalued based on market sentiment. The correlation of Covenant Logistics' market sentiment to its price can help taders to make decisions based on the overall investors consensus about Covenant Logistics.
Covenant Logistics Implied Volatility | 0.86 |
Covenant Logistics' implied volatility exposes the market's sentiment of Covenant Logistics Group stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Covenant Logistics' implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Covenant Logistics stock will not fluctuate a lot when Covenant Logistics' options are near their expiration.
The Simple Regression forecasted value of Covenant Logistics Group on the next trading day is expected to be 23.22 with a mean absolute deviation of 1.05 and the sum of the absolute errors of 64.03. Covenant Logistics after-hype prediction price | USD 25.48 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Check out Historical Fundamental Analysis of Covenant Logistics to cross-verify your projections. Open Interest Against 2026-03-20 Covenant Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Covenant Logistics' spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Covenant Logistics' options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Covenant Logistics stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Covenant Logistics' open interest, investors have to compare it to Covenant Logistics' spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Covenant Logistics is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Covenant. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Covenant Logistics Additional Predictive Modules
Most predictive techniques to examine Covenant price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Covenant using various technical indicators. When you analyze Covenant charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Covenant Logistics Simple Regression Price Forecast For the 10th of January
Given 90 days horizon, the Simple Regression forecasted value of Covenant Logistics Group on the next trading day is expected to be 23.22 with a mean absolute deviation of 1.05, mean absolute percentage error of 1.75, and the sum of the absolute errors of 64.03.Please note that although there have been many attempts to predict Covenant Stock prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Covenant Logistics' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Covenant Logistics Stock Forecast Pattern
| Backtest Covenant Logistics | Covenant Logistics Price Prediction | Buy or Sell Advice |
Covenant Logistics Forecasted Value
In the context of forecasting Covenant Logistics' Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Covenant Logistics' downside and upside margins for the forecasting period are 20.89 and 25.55, respectively. We have considered Covenant Logistics' daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Simple Regression forecasting method's relative quality and the estimations of the prediction error of Covenant Logistics stock data series using in forecasting. Note that when a statistical model is used to represent Covenant Logistics stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.| AIC | Akaike Information Criteria | 118.6683 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 1.0497 |
| MAPE | Mean absolute percentage error | 0.0504 |
| SAE | Sum of the absolute errors | 64.0327 |
Predictive Modules for Covenant Logistics
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Covenant Logistics. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Other Forecasting Options for Covenant Logistics
For every potential investor in Covenant, whether a beginner or expert, Covenant Logistics' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Covenant Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Covenant. Basic forecasting techniques help filter out the noise by identifying Covenant Logistics' price trends.Covenant Logistics Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Covenant Logistics stock to make a market-neutral strategy. Peer analysis of Covenant Logistics could also be used in its relative valuation, which is a method of valuing Covenant Logistics by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Covenant Logistics Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Covenant Logistics' price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Covenant Logistics' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Covenant Logistics Market Strength Events
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 Risk Indicators
The analysis of Covenant Logistics' basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Covenant Logistics' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting covenant stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.69 | |||
| Semi Deviation | 2.1 | |||
| Standard Deviation | 2.43 | |||
| Variance | 5.92 | |||
| Downside Variance | 5.65 | |||
| Semi Variance | 4.42 | |||
| Expected Short fall | (1.94) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Currently Active Assets on Macroaxis
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:Check out Historical Fundamental Analysis of Covenant Logistics to cross-verify your projections. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Is Cargo Ground Transportation space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Covenant Logistics. If investors know Covenant will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Covenant Logistics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.25) | Dividend Share 0.265 | Earnings Share 1.07 | Revenue Per Share | Quarterly Revenue Growth 0.031 |
The market value of Covenant Logistics is measured differently than its book value, which is the value of Covenant that is recorded on the company's balance sheet. Investors also form their own opinion of Covenant Logistics' value that differs from its market value or its book value, called intrinsic value, which is Covenant Logistics' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Covenant Logistics' market value can be influenced by many factors that don't directly affect Covenant Logistics' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Covenant Logistics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Covenant Logistics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Covenant Logistics' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.