Covenant Logistics Financials
| CV5 Stock | EUR 53.00 0.00 0.00% |
Covenant |
Understanding current and past Covenant Logistics Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Covenant Logistics' financial statements are interrelated, with each one affecting the others. For example, an increase in Covenant Logistics' assets may result in an increase in income on the income statement.
Covenant Logistics Stock Summary
Covenant Logistics competes with ScanSource, THAI BEVERAGE, Warner Music, Thai Beverage, and BOSTON BEER. Covenant Logistics Group, Inc., together with its subsidiaries, provides transportation and logistics services in the United States. Covenant Logistics Group, Inc. was founded in 1986 and is based in Chattanooga, Tennessee. COVENANT LOG operates under Trucking classification in Germany and is traded on Frankfurt Stock Exchange. It employs 4900 people.| Instrument | Germany Stock View All |
| Exchange | Frankfurt Exchange |
| ISIN | US22284P1057 |
| Business Address | 400 Birmingham Highway, |
| Sector | Industrials |
| Industry | Trucking |
| Benchmark | Dow Jones Industrial |
| Website | www.covenantlogistics.com |
| Phone | 423 821 1212 |
| Currency | EUR - Euro |
You should never invest in Covenant Logistics without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Covenant Stock, because this is throwing your money away. Analyzing the key information contained in Covenant Logistics' financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
Covenant Logistics Key Financial Ratios
There are many critical financial ratios that Covenant Logistics' investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Covenant Logistics reports annually and quarterly.Covenant Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Covenant Logistics's current stock value. Our valuation model uses many indicators to compare Covenant Logistics value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Covenant Logistics competition to find correlations between indicators driving Covenant Logistics's intrinsic value. More Info.Covenant Logistics Group is number one stock in return on equity category among its peers. It also is number one stock in return on asset category among its peers reporting about 0.26 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Covenant Logistics Group is roughly 3.90 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Covenant Logistics' earnings, one of the primary drivers of an investment's value.Covenant Logistics Systematic Risk
Covenant Logistics' systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Covenant Logistics volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. The Beta measures systematic risk based on how returns on Covenant Logistics correlated with the market. If Beta is less than 0 Covenant Logistics generally moves in the opposite direction as compared to the market. If Covenant Logistics Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Covenant Logistics is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Covenant Logistics is generally in the same direction as the market. If Beta > 1 Covenant Logistics moves generally in the same direction as, but more than the movement of the benchmark.
Covenant Logistics December 30, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Covenant Logistics help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Covenant Logistics Group. We use our internally-developed statistical techniques to arrive at the intrinsic value of Covenant Logistics Group based on widely used predictive technical indicators. In general, we focus on analyzing Covenant Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Covenant Logistics's daily price indicators and compare them against related drivers.
| Downside Deviation | 1.69 | |||
| Information Ratio | 0.0884 | |||
| Maximum Drawdown | 10.96 | |||
| Value At Risk | (2.68) | |||
| Potential Upside | 4.18 |
Complementary Tools for Covenant Stock analysis
When running Covenant Logistics' price analysis, check to measure Covenant Logistics' 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 Covenant Logistics is operating at the current time. Most of Covenant Logistics' value examination focuses on studying past and present price action to predict the probability of Covenant Logistics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Covenant Logistics' price. Additionally, you may evaluate how the addition of Covenant Logistics to your portfolios can decrease your overall portfolio volatility.
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