Covenant Logistics Group, Stock Market Value
| CVLG Stock | USD 28.55 0.09 0.31% |
| Symbol | Covenant |
Covenant Logistics Group, Price To Book Ratio
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 (0.05) | Earnings Share 1.28 | Revenue Per Share | Quarterly Revenue Growth (0) | Return On Assets |
The market value of Covenant Logistics Group, 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.
Covenant Logistics '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 Covenant Logistics' 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 Covenant Logistics.
| 01/01/2025 |
| 01/31/2025 |
If you would invest 0.00 in Covenant Logistics on January 1, 2025 and sell it all today you would earn a total of 0.00 from holding Covenant Logistics Group, or generate 0.0% return on investment in Covenant Logistics over 30 days. Covenant Logistics is related to or competes with Marten Transport, Werner Enterprises, Universal Logistics, Schneider National, and Heartland Express. Covenant Logistics Group, Inc., together with its subsidiaries, provides transportation and logistics services in the Un... More
Covenant Logistics 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 Covenant Logistics' 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 Covenant Logistics Group, upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 60.91 | |||
| Value At Risk | (3.06) | |||
| Potential Upside | 3.56 |
Covenant Logistics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Covenant Logistics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Covenant Logistics' standard deviation. In reality, there are many statistical measures that can use Covenant Logistics historical prices to predict the future Covenant Logistics' volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.51) | |||
| Total Risk Alpha | (1.29) | |||
| Treynor Ratio | 0.7718 |
Covenant Logistics Group, Backtested Returns
Covenant Logistics Group, secures Sharpe Ratio (or Efficiency) of -0.0892, which signifies that the company had a -0.0892 % return per unit of risk over the last 3 months. Covenant Logistics Group, exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Covenant Logistics' Standard Deviation of 6.62, mean deviation of 2.37, and Risk Adjusted Performance of (0.06) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.75, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Covenant Logistics are expected to decrease at a much lower rate. During the bear market, Covenant Logistics is likely to outperform the market. At this point, Covenant Logistics Group, has a negative expected return of -0.62%. Please make sure to confirm Covenant Logistics' kurtosis, as well as the relationship between the day median price and period momentum indicator , to decide if Covenant Logistics Group, performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.22 |
Weak reverse predictability
Covenant Logistics Group, has weak reverse predictability. Overlapping area represents the amount of predictability between Covenant Logistics time series from 1st of January 2025 to 16th of January 2025 and 16th of January 2025 to 31st of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Covenant Logistics Group, price movement. The serial correlation of -0.22 indicates that over 22.0% of current Covenant Logistics price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.2 |
Covenant Logistics Group, lagged returns against current returns
Autocorrelation, which is Covenant Logistics 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 Covenant Logistics' stock expected returns. We can calculate the autocorrelation of Covenant Logistics returns to help us make a trade decision. For example, suppose you find that Covenant Logistics has exhibited high autocorrelation historically, and you observe that the 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 |
Covenant Logistics 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 Covenant Logistics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Covenant Logistics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Covenant Logistics stock over time.
Current vs Lagged Prices |
| Timeline |
Covenant Logistics Lagged Returns
When evaluating Covenant Logistics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Covenant Logistics stock have on its future price. Covenant Logistics 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, Covenant Logistics autocorrelation shows the relationship between Covenant Logistics stock current value and its past values and can show if there is a momentum factor associated with investing in Covenant Logistics Group,.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Covenant Logistics Group, 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 Covenant Logistics Correlation, Covenant Logistics Volatility and Covenant Logistics Alpha and Beta module to complement your research on Covenant Logistics. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Covenant Logistics 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.