Covalon Technologies Stock Market Value
| CVALF Stock | USD 1.22 0.04 3.39% |
| Symbol | 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.
| 11/02/2025 |
| 01/31/2026 |
If you would invest 0.00 in Covalon Technologies on November 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 is related to or competes with Relief Therapeutics, Arch Biopartners, Helix BioPharma, Relief Therapeutics, Cynata Therapeutics, and Sernova Corp. 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.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 15.94 | |||
| Value At Risk | (4.38) | |||
| Potential Upside | 4.48 |
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 | (0.05) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.37) | |||
| Treynor Ratio | (0.82) |
Covalon Technologies January 31, 2026 Technical Indicators
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| Risk Adjusted Performance | (0.05) | |||
| Market Risk Adjusted Performance | (0.81) | |||
| Mean Deviation | 1.74 | |||
| Coefficient Of Variation | (1,272) | |||
| Standard Deviation | 2.83 | |||
| Variance | 7.99 | |||
| Information Ratio | (0.09) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.37) | |||
| Treynor Ratio | (0.82) | |||
| Maximum Drawdown | 15.94 | |||
| Value At Risk | (4.38) | |||
| Potential Upside | 4.48 | |||
| Skewness | 0.5308 | |||
| Kurtosis | 3.85 |
Covalon Technologies Backtested Returns
Covalon Technologies secures Sharpe Ratio (or Efficiency) of -0.15, which signifies that the company had a -0.15 % return per unit of risk over the last 3 months. Covalon Technologies exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Covalon Technologies' Mean Deviation of 1.74, standard deviation of 2.83, and Risk Adjusted Performance of (0.05) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.28, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Covalon Technologies' returns are expected to increase less than the market. However, during the bear market, the loss of holding Covalon Technologies is expected to be smaller as well. At this point, Covalon Technologies has a negative expected return of -0.39%. Please make sure to confirm Covalon Technologies' skewness, as well as the relationship between the rate of daily change and price action indicator , to decide if Covalon Technologies performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.10 |
Insignificant predictability
Covalon Technologies has insignificant predictability. Overlapping area represents the amount of predictability between Covalon Technologies time series from 2nd of November 2025 to 17th of December 2025 and 17th of December 2025 to 31st of January 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 0.1 indicates that less than 10.0% of current Covalon Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
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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.