Covalon Technologies Net Income
| CVALF Stock | USD 1.39 0.01 0.72% |
As of the 2nd of March, Covalon Technologies shows the Risk Adjusted Performance of 0.0297, downside deviation of 3.59, and Mean Deviation of 1.43. Covalon Technologies technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to break down and interpolate nineteen technical drivers for Covalon Technologies, which can be compared to its peers. Please confirm Covalon Technologies maximum drawdown, as well as the relationship between the downside variance and skewness to decide if Covalon Technologies is priced correctly, providing market reflects its regular price of 1.39 per share. Given that Covalon Technologies is a hitting penny stock territory we recommend to closely look at its total risk alpha.
Covalon Technologies' financial statements offer valuable quarterly and annual insights to potential investors, highlighting the company's current and historical financial position, overall management performance, and changes in financial standing over time. Key fundamentals influencing Covalon Technologies' valuation are provided below:Covalon Technologies does not presently have any fundamental signals for analysis. This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools. Covalon |
Covalon Technologies 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Covalon Technologies' otc stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Covalon Technologies.
| 12/02/2025 |
| 03/02/2026 |
If you would invest 0.00 in Covalon Technologies on December 2, 2025 and sell it all today you would earn a total of 0.00 from holding Covalon Technologies or generate 0.0% return on investment in Covalon Technologies over 90 days. Covalon Technologies Ltd. researches, develops, manufactures, commercializes, and licenses medical technologies and prod... More
Covalon Technologies Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Covalon Technologies' otc stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Covalon Technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.59 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 14.86 | |||
| Value At Risk | (4.07) | |||
| Potential Upside | 5.08 |
Covalon Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Covalon Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Covalon Technologies' standard deviation. In reality, there are many statistical measures that can use Covalon Technologies historical prices to predict the future Covalon Technologies' volatility.| Risk Adjusted Performance | 0.0297 | |||
| Jensen Alpha | 0.0775 | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | (0.93) |
Covalon Technologies March 2, 2026 Technical Indicators
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0297 | |||
| Market Risk Adjusted Performance | (0.92) | |||
| Mean Deviation | 1.43 | |||
| Semi Deviation | 1.88 | |||
| Downside Deviation | 3.59 | |||
| Coefficient Of Variation | 3410.03 | |||
| Standard Deviation | 2.77 | |||
| Variance | 7.69 | |||
| Information Ratio | (0) | |||
| Jensen Alpha | 0.0775 | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | (0.93) | |||
| Maximum Drawdown | 14.86 | |||
| Value At Risk | (4.07) | |||
| Potential Upside | 5.08 | |||
| Downside Variance | 12.86 | |||
| Semi Variance | 3.52 | |||
| Expected Short fall | (3.24) | |||
| Skewness | 1.3 | |||
| Kurtosis | 6.73 |
Covalon Technologies Backtested Returns
At this point, Covalon Technologies is dangerous. Covalon Technologies secures Sharpe Ratio (or Efficiency) of 0.0221, which signifies that the company had a 0.0221 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Covalon Technologies, which you can use to evaluate the volatility of the firm. Please confirm Covalon Technologies' Risk Adjusted Performance of 0.0297, downside deviation of 3.59, and Mean Deviation of 1.43 to double-check if the risk estimate we provide is consistent with the expected return of 0.0637%. Covalon Technologies has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0767, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Covalon Technologies are expected to decrease at a much lower rate. During the bear market, Covalon Technologies is likely to outperform the market. Covalon Technologies right now shows a risk of 2.88%. Please confirm Covalon Technologies skewness, day typical price, and the relationship between the downside variance and daily balance of power , to decide if Covalon Technologies will be following its price patterns.
Auto-correlation | -0.23 |
Weak reverse predictability
Covalon Technologies has weak reverse predictability. Overlapping area represents the amount of predictability between Covalon Technologies time series from 2nd of December 2025 to 16th of January 2026 and 16th of January 2026 to 2nd of March 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Covalon Technologies price movement. The serial correlation of -0.23 indicates that over 23.0% of current Covalon Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.23 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
| Competition |
Based on the recorded statements, Covalon Technologies reported net income of (9.66 Million). This is 102.83% lower than that of the Biotechnology sector and 113.8% lower than that of the Health Care industry. The net income for all United States stocks is 101.69% higher than that of the company.
Covalon Net Income Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Covalon Technologies' direct or indirect competition against its Net Income to detect undervalued stocks with similar characteristics or determine the otc stocks which would be a good addition to a portfolio. Peer analysis of Covalon Technologies could also be used in its relative valuation, which is a method of valuing Covalon Technologies by comparing valuation metrics of similar companies.Covalon Technologies is currently under evaluation in net income category among its peers.
Covalon Fundamentals
| Return On Equity | -0.32 | |||
| Return On Asset | -0.16 | |||
| Profit Margin | (0.53) % | |||
| Operating Margin | (0.50) % | |||
| Current Valuation | 35.37 M | |||
| Shares Outstanding | 25.07 M | |||
| Shares Owned By Insiders | 56.60 % | |||
| Price To Earning | 37.95 X | |||
| Price To Book | 2.12 X | |||
| Price To Sales | 2.30 X | |||
| Revenue | 18.15 M | |||
| Gross Profit | 7.49 M | |||
| EBITDA | (8.11 M) | |||
| Net Income | (9.66 M) | |||
| Cash And Equivalents | 14.04 M | |||
| Cash Per Share | 0.55 X | |||
| Total Debt | 2.25 M | |||
| Debt To Equity | 0.08 % | |||
| Current Ratio | 10.04 X | |||
| Book Value Per Share | 0.96 X | |||
| Cash Flow From Operations | (7.99 M) | |||
| Earnings Per Share | 0.05 X | |||
| Number Of Employees | 24 | |||
| Beta | 1.19 | |||
| Market Capitalization | 41.36 M | |||
| Total Asset | 30.38 M | |||
| Z Score | 10.8 | |||
| Net Asset | 30.38 M |
About Covalon Technologies Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Covalon Technologies's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Covalon Technologies using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Covalon Technologies based on its fundamental data. In general, a quantitative approach, as applied to this otc stock, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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Other Information on Investing in Covalon OTC Stock
Covalon Technologies financial ratios help investors to determine whether Covalon OTC Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Covalon with respect to the benefits of owning Covalon Technologies security.