Covalon Technologies Stock Technical Analysis
| CVALF Stock | USD 1.23 0.01 0.82% |
As of the 8th of February, Covalon Technologies shows the Mean Deviation of 1.57, risk adjusted performance of (0.10), and Standard Deviation of 2.6. Covalon Technologies technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to break down and interpolate thirteen technical drivers for Covalon Technologies, which can be compared to its peers. Please confirm Covalon Technologies value at risk, kurtosis, as well as the relationship between the information ratio and coefficient of variation to decide if Covalon Technologies is priced correctly, providing market reflects its regular price of 1.23 per share. Given that Covalon Technologies is a hitting penny stock territory we recommend to closely look at its jensen alpha.
Covalon Technologies Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Covalon, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to CovalonCovalon |
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.
| 11/10/2025 |
| 02/08/2026 |
If you would invest 0.00 in Covalon Technologies on November 10, 2025 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 90 days. Covalon Technologies is related to or competes with Relief Therapeutics, Arch Biopartners, Helix BioPharma, Relief Therapeutics, Cynata Therapeutics, and Sernova Corp. 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.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 14.86 | |||
| Value At Risk | (4.38) | |||
| Potential Upside | 3.39 |
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 | (0.10) | |||
| Jensen Alpha | (0.36) | |||
| Total Risk Alpha | (0.62) | |||
| Treynor Ratio | 7.2 |
Covalon Technologies February 8, 2026 Technical Indicators
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.10) | |||
| Market Risk Adjusted Performance | 7.21 | |||
| Mean Deviation | 1.57 | |||
| Coefficient Of Variation | (733.67) | |||
| Standard Deviation | 2.6 | |||
| Variance | 6.78 | |||
| Information Ratio | (0.17) | |||
| Jensen Alpha | (0.36) | |||
| Total Risk Alpha | (0.62) | |||
| Treynor Ratio | 7.2 | |||
| Maximum Drawdown | 14.86 | |||
| Value At Risk | (4.38) | |||
| Potential Upside | 3.39 | |||
| Skewness | 0.4418 | |||
| Kurtosis | 5.34 |
Covalon Technologies Backtested Returns
Covalon Technologies secures Sharpe Ratio (or Efficiency) of -0.0818, which signifies that the company had a -0.0818 % return per unit of risk over the last 3 months. Covalon Technologies exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Covalon Technologies' Standard Deviation of 2.6, mean deviation of 1.57, and Risk Adjusted Performance of (0.10) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0507, 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 -0.21%. 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.
Auto-correlation | 0.00 |
No correlation between past and present
Covalon Technologies has no correlation between past and present. Overlapping area represents the amount of predictability between Covalon Technologies time series from 10th of November 2025 to 25th of December 2025 and 25th of December 2025 to 8th of February 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 Covalon Technologies price movement. The serial correlation of 0.0 indicates that just 0.0% of current Covalon Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Covalon Technologies technical otc 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, otc market cycles, or different charting patterns.
Covalon Technologies Technical Analysis
The output start index for this execution was one with a total number of output elements of sixty. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Covalon Technologies volatility. High ATR values indicate high volatility, and low values indicate low volatility.
About Covalon Technologies Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Covalon Technologies on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Covalon Technologies based on its technical analysis. In general, a bottom-up approach, as applied to this otc stock, focuses on Covalon Technologies price pattern first instead of the macroeconomic environment surrounding Covalon Technologies. By analyzing Covalon Technologies's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Covalon Technologies's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Covalon Technologies specific price patterns or momentum indicators. Please read more on our technical analysis page.
Covalon Technologies February 8, 2026 Technical Indicators
Most technical analysis of Covalon help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Covalon from various momentum indicators to cycle indicators. When you analyze Covalon charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.10) | |||
| Market Risk Adjusted Performance | 7.21 | |||
| Mean Deviation | 1.57 | |||
| Coefficient Of Variation | (733.67) | |||
| Standard Deviation | 2.6 | |||
| Variance | 6.78 | |||
| Information Ratio | (0.17) | |||
| Jensen Alpha | (0.36) | |||
| Total Risk Alpha | (0.62) | |||
| Treynor Ratio | 7.2 | |||
| Maximum Drawdown | 14.86 | |||
| Value At Risk | (4.38) | |||
| Potential Upside | 3.39 | |||
| Skewness | 0.4418 | |||
| Kurtosis | 5.34 |
Covalon Technologies February 8, 2026 Daily Trend Indicators
Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Covalon stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 0.00 | ||
| Daily Balance Of Power | Huge | ||
| Rate Of Daily Change | 1.01 | ||
| Day Median Price | 1.23 | ||
| Day Typical Price | 1.23 | ||
| Price Action Indicator | 0.01 |
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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