Covanta Holding Performance
The firm shows a Beta (market volatility) of 0.0, which signifies not very significant fluctuations relative to the market. the returns on MARKET and Covanta Holding are completely uncorrelated.
Risk-Adjusted Performance
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Very Weak
Over the last 90 days Covanta Holding has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, Covanta Holding is not utilizing all of its potentials. The recent stock price disturbance, may contribute to short-term losses for the investors. ...more
| Quick Ratio | 0.73 | |
| Fifty Two Week Low | 12.37 | |
| Target High Price | 20.25 | |
| Fifty Two Week High | 20.26 | |
| Payout Ratio | 168.42% | |
| Trailing Annual Dividend Yield | 1.58% | |
| Target Low Price | 20.00 |
Covanta |
Covanta Holding Relative Risk vs. Return Landscape
If you would invest (100.00) in Covanta Holding on September 3, 2024 and sell it today you would earn a total of 100.00 from holding Covanta Holding or generate -100.0% return on investment over 90 days. Covanta Holding is generating negative expected returns assuming volatility of 0.0% on return distribution over 90 days investment horizon. In other words, 0% of stocks are less volatile than Covanta, and above 99% of all equities are expected to generate higher returns over the next 90 days. Expected Return |
| Risk |
Covanta Holding Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Covanta Holding's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Covanta Holding, and traders can use it to determine the average amount a Covanta Holding's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0
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Based on monthly moving average Covanta Holding is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Covanta Holding by adding Covanta Holding to a well-diversified portfolio.
Covanta Holding Fundamentals Growth
Covanta Stock prices reflect investors' perceptions of the future prospects and financial health of Covanta Holding, and Covanta Holding fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Covanta Stock performance.
| Return On Equity | 9.86 | |||
| Return On Asset | 2.03 | |||
| Profit Margin | 1.23 % | |||
| Operating Margin | 17.16 % | |||
| Current Valuation | 5.16 B | |||
| Shares Outstanding | 132.97 M | |||
| Price To Earning | 532.37 X | |||
| Price To Book | 9.28 X | |||
| Price To Sales | 1.32 X | |||
| Revenue | 2.03 B | |||
| EBITDA | 349 M | |||
| Cash And Equivalents | 54 M | |||
| Cash Per Share | 0.41 X | |||
| Total Debt | 2.53 B | |||
| Book Value Per Share | 2.18 X | |||
| Cash Flow From Operations | 310 M | |||
| Earnings Per Share | 0.04 X | |||
| Total Asset | 4.28 B | |||
| Retained Earnings | (472.11 M) | |||
| Current Asset | 547 M | |||
| Current Liabilities | 318 M | |||
Things to note about Covanta Holding performance evaluation
Checking the ongoing alerts about Covanta Holding for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Covanta Holding help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Covanta Holding is not yet fully synchronised with the market data | |
| Covanta Holding has some characteristics of a very speculative penny stock | |
| Covanta Holding has a very high chance of going through financial distress in the upcoming years | |
| Covanta Holding has 2.53 B in debt. Covanta Holding has a current ratio of 0.87, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Note however, debt could still be an excellent tool for Covanta to invest in growth at high rates of return. | |
| Over 90.0% of the company shares are held by institutions such as insurance companies |
- Analyzing Covanta Holding's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Covanta Holding's stock is overvalued or undervalued compared to its peers.
- Examining Covanta Holding's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Covanta Holding's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Covanta Holding's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Covanta Holding's stock. These opinions can provide insight into Covanta Holding's potential for growth and whether the stock is currently undervalued or overvalued.
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
Other Consideration for investing in Covanta Stock
If you are still planning to invest in Covanta Holding check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Covanta Holding's history and understand the potential risks before investing.
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