Covenant Competitors
| CVLG Stock | USD 24.91 0.06 0.24% |
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Covenant Logistics competition on your existing holdings.
Covenant |
Covenant Logistics Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Covenant Logistics and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Covenant and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Covenant Logistics Group, does not affect the price movement of the other competitor.
| 0.97 | 0.79 | 0.92 | 0.81 | 0.0 | MRTN | ||
| 0.97 | 0.82 | 0.95 | 0.87 | 0.0 | WERN | ||
| 0.79 | 0.82 | 0.87 | 0.64 | 0.0 | ULH | ||
| 0.92 | 0.95 | 0.87 | 0.83 | 0.0 | SNDR | ||
| 0.81 | 0.87 | 0.64 | 0.83 | 0.0 | HTLD | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | PTSI | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Covenant Stock performing well and Covenant Logistics Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Covenant Logistics' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MRTN | 1.26 | (0.23) | 0.00 | (0.53) | 0.00 | 2.81 | 7.58 | |||
| WERN | 1.19 | (0.27) | 0.00 | (0.38) | 0.00 | 2.35 | 6.54 | |||
| ULH | 2.19 | (0.75) | 0.00 | (0.49) | 0.00 | 2.83 | 23.09 | |||
| SNDR | 1.20 | (0.22) | 0.00 | (0.28) | 0.00 | 2.32 | 7.70 | |||
| HTLD | 1.33 | (0.28) | 0.00 | (1.10) | 0.00 | 2.49 | 8.33 | |||
| PTSI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Cross Equities Net Income Analysis
Compare Covenant Logistics Group, and related stocks such as Marten Transport, Werner Enterprises, and Universal Logistics Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MRTN | 2.9 M | 24.3 M | 27.3 M | 30.1 M | 29.8 M | 35.7 M | 33.5 M | 90.3 M | 55 M | 61.1 M | 69.5 M | 85.4 M | 110.4 M | 70.4 M | 80.9 M | 85 M |
| WERN | 5.7 M | 102.8 M | 103 M | 86.8 M | 98.7 M | 123.7 M | 79.1 M | 202.9 M | 168.1 M | 166.9 M | 169.1 M | 259.1 M | 241.3 M | 112.4 M | 34.2 M | 32.5 M |
| ULH | 3.9 M | 15.8 M | 47.7 M | 50.6 M | 45.4 M | 40 M | 24.2 M | 28.2 M | 52.2 M | 37.6 M | 48.1 M | 73.7 M | 168.6 M | 92.9 M | 106.8 M | 112.2 M |
| SNDR | 95.5 M | 95.5 M | 95.5 M | 95.5 M | 133.6 M | 140.9 M | 156.9 M | 389.9 M | 268.9 M | 147 M | 211.7 M | 405.4 M | 457.8 M | 238.5 M | 117 M | 111.2 M |
| HTLD | 2 M | 69.9 M | 61.5 M | 70.6 M | 84.8 M | 73.1 M | 56.4 M | 75.2 M | 72.7 M | 73 M | 70.8 M | 79.3 M | 133.6 M | 14.8 M | (29.7 M) | (28.2 M) |
Covenant Logistics Group, and related stocks such as Marten Transport, Werner Enterprises, and Universal Logistics Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in Covenant Logistics Group, financial statement analysis. It represents the amount of money remaining after all of Covenant Logistics Group, operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Covenant Logistics Competitive Analysis
The better you understand Covenant Logistics competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Covenant Logistics' competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Covenant Logistics' competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
Covenant Logistics Competition Performance Charts
Five steps to successful analysis of Covenant Logistics Competition
Covenant Logistics' competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Covenant Logistics Group, in relation to its competition. Covenant Logistics' competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Covenant Logistics in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Covenant Logistics' competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Covenant Logistics Group,, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
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Check out Covenant Logistics Correlation with its peers. You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
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 (0.46) | Earnings Share 1.28 | Revenue Per Share | Quarterly Revenue Growth 0.012 | 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.