Cover Technologies Stock Market Value
| MGPRF Stock | USD 0.11 0.01 11.22% |
| Symbol | Cover |
Cover 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 Cover Technologies' pink sheet 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 Cover Technologies.
| 11/18/2025 |
| 01/17/2026 |
If you would invest 0.00 in Cover Technologies on November 18, 2025 and sell it all today you would earn a total of 0.00 from holding Cover Technologies or generate 0.0% return on investment in Cover Technologies over 60 days. Cover Technologies is related to or competes with Silver Elephant, Noble Mineral, and Pan American. Cover Technologies Inc. engages in the research and development of magnesium processing technologies and solutions More
Cover 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 Cover Technologies' pink sheet 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 Cover Technologies upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1199 | |||
| Maximum Drawdown | 4689.47 | |||
| Potential Upside | 0.5051 |
Cover Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cover Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cover Technologies' standard deviation. In reality, there are many statistical measures that can use Cover Technologies historical prices to predict the future Cover Technologies' volatility.| Risk Adjusted Performance | 0.0932 | |||
| Jensen Alpha | 60.76 | |||
| Total Risk Alpha | (5.95) | |||
| Treynor Ratio | 0.7299 |
Cover Technologies Backtested Returns
Cover Technologies is out of control given 3 months investment horizon. Cover 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 were able to interpolate data for twenty different technical indicators, which can help you to evaluate if expected returns of 13.87% are justified by taking the suggested risk. Use Cover Technologies Mean Deviation of 140.0, risk adjusted performance of 0.0932, and Standard Deviation of 577.59 to evaluate company specific risk that cannot be diversified away. Cover Technologies holds a performance score of 8 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 95.0, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Cover Technologies will likely underperform. Use Cover Technologies potential upside, rate of daily change, as well as the relationship between the Rate Of Daily Change and period momentum indicator , to analyze future returns on Cover Technologies.
Auto-correlation | -0.46 |
Modest reverse predictability
Cover Technologies has modest reverse predictability. Overlapping area represents the amount of predictability between Cover Technologies time series from 18th of November 2025 to 18th of December 2025 and 18th of December 2025 to 17th 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 Cover Technologies price movement. The serial correlation of -0.46 indicates that about 46.0% of current Cover Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Cover Technologies lagged returns against current returns
Autocorrelation, which is Cover Technologies pink sheet'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 Cover Technologies' pink sheet expected returns. We can calculate the autocorrelation of Cover Technologies returns to help us make a trade decision. For example, suppose you find that Cover Technologies has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Cover 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 Cover Technologies pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cover Technologies pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cover Technologies pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Cover Technologies Lagged Returns
When evaluating Cover Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cover Technologies pink sheet have on its future price. Cover 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, Cover Technologies autocorrelation shows the relationship between Cover Technologies pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Cover Technologies.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Cover Pink Sheet
Cover Technologies financial ratios help investors to determine whether Cover Pink Sheet 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 Cover with respect to the benefits of owning Cover Technologies security.