Covalon Technologies Stock Market Value
| CVALF Stock | USD 2.53 0.14 5.24% |
| 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.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Covalon Technologies on October 28, 2024 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 30 days. Covalon Technologies is related to or competes with Mosaic Immunoengineerin, and Cellectis. 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 | 2.47 | |||
| Information Ratio | 0.0421 | |||
| Maximum Drawdown | 12.66 | |||
| Value At Risk | (4.29) | |||
| Potential Upside | 6.67 |
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 | 0.0767 | |||
| Jensen Alpha | 0.184 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | 0.0449 | |||
| Treynor Ratio | 0.5993 |
Covalon Technologies Backtested Returns
At this point, Covalon Technologies is risky. Covalon Technologies secures Sharpe Ratio (or Efficiency) of 0.0559, which signifies that the company had a 0.0559% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Covalon Technologies, which you can use to evaluate the volatility of the firm. Please confirm Covalon Technologies' Risk Adjusted Performance of 0.0767, mean deviation of 1.87, and Downside Deviation of 2.47 to double-check if the risk estimate we provide is consistent with the expected return of 0.15%. Covalon Technologies has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.38, which signifies possible diversification benefits within a given portfolio. 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. Covalon Technologies right now shows a risk of 2.77%. Please confirm Covalon Technologies maximum drawdown, skewness, day typical price, as well as the relationship between the downside variance and daily balance of power , to decide if Covalon Technologies will be following its price patterns.
Auto-correlation | -0.43 |
Modest reverse predictability
Covalon Technologies has modest reverse predictability. Overlapping area represents the amount of predictability between Covalon Technologies time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th of November 2024. 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 -0.43 indicates that just about 43.0% of current Covalon Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Covalon Technologies lagged returns against current returns
Autocorrelation, which is Covalon Technologies otc stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Covalon Technologies' otc stock expected returns. We can calculate the autocorrelation of Covalon Technologies returns to help us make a trade decision. For example, suppose you find that Covalon Technologies has exhibited high autocorrelation historically, and you observe that the otc stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Covalon Technologies regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Covalon Technologies otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Covalon Technologies otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Covalon Technologies otc stock over time.
Current vs Lagged Prices |
| Timeline |
Covalon Technologies Lagged Returns
When evaluating Covalon Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Covalon Technologies otc stock have on its future price. Covalon Technologies autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Covalon Technologies autocorrelation shows the relationship between Covalon Technologies otc stock current value and its past values and can show if there is a momentum factor associated with investing in Covalon Technologies.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
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.