Covalon Technologies Stock Performance
| CVALF Stock | USD 1.22 0.04 3.39% |
The firm shows a Beta (market volatility) of -0.2, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Covalon Technologies are expected to decrease at a much lower rate. During the bear market, Covalon Technologies is likely to outperform the market. At this point, Covalon Technologies has a negative expected return of -0.3%. 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.
Risk-Adjusted Performance
Weakest
Weak | Strong |
Over the last 90 days Covalon Technologies has generated negative risk-adjusted returns adding no value to investors with long positions. Despite fragile performance in the last few months, the Stock's essential indicators remain nearly stable which may send shares a bit higher in March 2026. The current disturbance may also be a sign of long-run up-swing for the company stockholders. ...more
Covalon |
Covalon Technologies Relative Risk vs. Return Landscape
If you would invest 150.00 in Covalon Technologies on November 4, 2025 and sell it today you would lose (28.00) from holding Covalon Technologies or give up 18.67% of portfolio value over 90 days. Covalon Technologies is currently producing negative expected returns and takes up 2.6159% volatility of returns over 90 trading days. Put another way, 23% of traded otc stocks are less volatile than Covalon, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Covalon Technologies Target Price Odds to finish over Current Price
The tendency of Covalon OTC Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move above the current price in 90 days |
| 1.22 | 90 days | 1.22 | about 87.01 |
Based on a normal probability distribution, the odds of Covalon Technologies to move above the current price in 90 days from now is about 87.01 (This Covalon Technologies probability density function shows the probability of Covalon OTC Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days horizon Covalon Technologies has a beta of -0.2 suggesting as returns on the benchmark increase, returns on holding Covalon Technologies are expected to decrease at a much lower rate. During a bear market, however, Covalon Technologies is likely to outperform the market. Additionally Covalon Technologies has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Covalon Technologies Price Density |
| Price |
Predictive Modules for Covalon Technologies
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Covalon Technologies. Regardless of method or technology, however, to accurately forecast the otc stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the otc stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Covalon Technologies Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Covalon Technologies is not an exception. The market had few large corrections towards the Covalon Technologies' value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Covalon Technologies, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Covalon Technologies within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.26 | |
β | Beta against Dow Jones | -0.2 | |
σ | Overall volatility | 0.1 | |
Ir | Information ratio | -0.11 |
Covalon Technologies Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Covalon Technologies for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Covalon Technologies can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Covalon Technologies generated a negative expected return over the last 90 days | |
| Covalon Technologies may become a speculative penny stock | |
| The company reported the revenue of 18.15 M. Net Loss for the year was (9.66 M) with profit before overhead, payroll, taxes, and interest of 7.49 M. | |
| Covalon Technologies has accumulated about 14.04 M in cash with (7.99 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.55. | |
| Roughly 57.0% of the company shares are held by company insiders |
Covalon Technologies Fundamentals Growth
Covalon OTC Stock prices reflect investors' perceptions of the future prospects and financial health of Covalon Technologies, and Covalon Technologies 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 Covalon OTC Stock performance.
| Return On Equity | -0.32 | |||
| Return On Asset | -0.16 | |||
| Profit Margin | (0.53) % | |||
| Operating Margin | (0.50) % | |||
| Current Valuation | 35.37 M | |||
| Shares Outstanding | 25.07 M | |||
| Price To Earning | 37.95 X | |||
| Price To Book | 2.12 X | |||
| Price To Sales | 2.30 X | |||
| Revenue | 18.15 M | |||
| EBITDA | (8.11 M) | |||
| Cash And Equivalents | 14.04 M | |||
| Cash Per Share | 0.55 X | |||
| Total Debt | 2.25 M | |||
| Debt To Equity | 0.08 % | |||
| Book Value Per Share | 0.96 X | |||
| Cash Flow From Operations | (7.99 M) | |||
| Earnings Per Share | 0.05 X | |||
| Total Asset | 30.38 M | |||
About Covalon Technologies Performance
By analyzing Covalon Technologies' fundamental ratios, stakeholders can gain valuable insights into Covalon Technologies' financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Covalon Technologies has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Covalon Technologies has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Covalon Technologies Ltd. researches, develops, manufactures, commercializes, and licenses medical technologies and products in the United States, Canada, Europe, the Middle East, Asia, Latin America, and internationally. It serves hospitals, wound care centers, burn centers, extendedalternate care and acute care facilities, home health care agencies, and physicians offices. Covalon Tech operates under Biotechnology classification in the United States and is traded on OTC Exchange.Things to note about Covalon Technologies performance evaluation
Checking the ongoing alerts about Covalon Technologies for important developments is a great way to find new opportunities for your next move. OTC Stock alerts and notifications screener for Covalon Technologies help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Covalon Technologies generated a negative expected return over the last 90 days | |
| Covalon Technologies may become a speculative penny stock | |
| The company reported the revenue of 18.15 M. Net Loss for the year was (9.66 M) with profit before overhead, payroll, taxes, and interest of 7.49 M. | |
| Covalon Technologies has accumulated about 14.04 M in cash with (7.99 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.55. | |
| Roughly 57.0% of the company shares are held by company insiders |
- Analyzing Covalon Technologies' 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 Covalon Technologies' stock is overvalued or undervalued compared to its peers.
- Examining Covalon Technologies' 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 Covalon Technologies' management team can have a significant impact on its success or failure. Reviewing the track record and experience of Covalon Technologies' management team can help you assess the OTC Stock's leadership.
- Pay attention to analyst opinions and ratings of Covalon Technologies' otc stock. These opinions can provide insight into Covalon Technologies' potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for Covalon OTC Stock analysis
When running Covalon Technologies' price analysis, check to measure Covalon Technologies' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Covalon Technologies is operating at the current time. Most of Covalon Technologies' value examination focuses on studying past and present price action to predict the probability of Covalon Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Covalon Technologies' price. Additionally, you may evaluate how the addition of Covalon Technologies to your portfolios can decrease your overall portfolio volatility.
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