Covalon Technologies Stock Price on November 20, 2024
| COV Stock | CAD 3.56 0.10 2.73% |
Below is the normalized historical share price chart for Covalon Technologies extending back to January 04, 2005. 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 Covalon Technologies stands at 3.56, as last reported on the 11th of December 2024, with the highest price reaching 3.66 and the lowest price hitting 3.35 during the day.
If you're considering investing in Covalon Stock, it is important to understand the factors that can impact its price. Covalon Technologies appears to be unstable, given 3 months investment horizon. Covalon Technologies secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Covalon Technologies, which you can use to evaluate the volatility of the firm. Please makes use of Covalon Technologies' Risk Adjusted Performance of 0.0824, mean deviation of 2.14, and Downside Deviation of 2.82 to double-check if our risk estimates are consistent with your expectations.
Other Stockholder Equity is likely to climb to about 12.8 M in 2024, whereas Total Stockholder Equity is likely to drop slightly above 12.3 M in 2024. . Price Earnings To Growth Ratio is likely to climb to 0.19 in 2024, whereas Price To Sales Ratio is likely to drop 1.53 in 2024. Covalon Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 2.3162 | 50 Day MA 3.4966 | Beta 0.62 |
Covalon |
Sharpe Ratio = 0.1137
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Estimated Market Risk
| 3.02 actual daily | 26 74% of assets are more volatile |
Expected Return
| 0.34 actual daily | 6 94% of assets have higher returns |
Risk-Adjusted Return
| 0.11 actual daily | 8 92% of assets perform better |
Based on monthly moving average Covalon Technologies is performing at about 8% 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 Covalon Technologies by adding it to a well-diversified portfolio.
Price Book 4.7405 | Enterprise Value Ebitda 2.1 K | Price Sales 3.4346 | Shares Float 12.8 M | Wall Street Target Price 4.4 |
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Covalon Technologies Valuation on November 20, 2024
It is possible to determine the worth of Covalon Technologies on a given historical date. On November 20, 2024 Covalon was worth 4.0 at the beginning of the trading date compared to the closed value of 3.9. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Covalon Technologies stock. Still, in general, we apply an absolute valuation method to find Covalon Technologies' 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 Covalon Technologies where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Covalon Technologies' related companies.
| Open | High | Low | Close | Volume | |
| 4.00 | 4.20 | 3.92 | 4.00 | 35,200 | |
11/20/2024 | 4.00 | 4.10 | 3.86 | 3.90 | 7,940 |
| 3.94 | 3.94 | 3.83 | 3.83 | 1,422 |
| Backtest Covalon Technologies | | | Covalon Technologies History | | | Covalon Technologies Valuation | Previous | Next |
Covalon Technologies Trading Date Momentum on November 20, 2024
| On November 21 2024 Covalon Technologies was traded for 3.83 at the closing time. The highest daily price throughout the period was 3.94 and the lowest price was 3.83 . The daily volume was 1.4 K. The net trading volume on 11/21/2024 added to the next day price reduction. The overall trading delta to closing price of the next trading day was 1.79% . The overall trading delta to current closing price is 2.82% . |
Covalon Technologies Fundamentals Correlations and Trends
By evaluating Covalon Technologies' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Covalon Technologies' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Covalon financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Covalon Technologies Stock history
Covalon Technologies 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 Covalon is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Covalon Technologies 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 Covalon Technologies stock prices may prove useful in developing a viable investing in Covalon Technologies
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 28.6 M | 15.1 M | |
| Net Loss | -11.1 M | -10.6 M |
Covalon Technologies Stock Technical Analysis
Covalon Technologies 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
Covalon Technologies Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Covalon Technologies cannot be verified against its exchange. Please verify the symbol is currently traded on TSX Venture 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.
Covalon Technologies December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Covalon Technologies stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Covalon Technologies shares will generate the highest return on investment. By undertsting and applying Covalon Technologies stock market strength indicators, traders can identify Covalon Technologies entry and exit signals to maximize returns
Covalon Technologies Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Covalon Technologies' price direction in advance. Along with the technical and fundamental analysis of Covalon Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Covalon 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 | 0.0824 | |||
| Jensen Alpha | 0.3853 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | 0.0649 | |||
| Treynor Ratio | (0.39) |
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Additional Tools for Covalon Stock Analysis
When running Covalon Technologies' price analysis, check to measure Covalon Technologies' 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 Covalon Technologies is operating at the current time. Most of Covalon Technologies' value examination focuses on studying past and present price action to predict the probability of Covalon Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Covalon Technologies' price. Additionally, you may evaluate how the addition of Covalon Technologies to your portfolios can decrease your overall portfolio volatility.