Covenant Logistics Group, Stock Probability of Future Stock Price Finishing Over 44.84
| CVLG Stock | USD 22.55 0.14 0.62% |
Covenant |
Covenant Logistics 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 Covenant Logistics for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Covenant Logistics Group, can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Covenant Logistics generated a negative expected return over the last 90 days | |
| Covenant Logistics has high historical volatility and very poor performance | |
| About 68.0% of the company shares are held by institutions such as insurance companies |
Covenant Logistics Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Covenant Stock often depends not only on the future outlook of the current and potential Covenant Logistics' investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Covenant Logistics' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 27.7 M | |
| Cash And Short Term Investments | 35.6 M |
Covenant Logistics Technical Analysis
Covenant Logistics' future price can be derived by breaking down and analyzing its technical indicators over time. Covenant Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Covenant Logistics Group,. In general, you should focus on analyzing Covenant Stock price patterns and their correlations with different microeconomic environments and drivers.
Covenant Logistics Predictive Forecast Models
Covenant Logistics' time-series forecasting models is one of many Covenant Logistics' stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Covenant Logistics' historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Covenant Logistics Group,
Checking the ongoing alerts about Covenant Logistics for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Covenant Logistics Group, help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Covenant Logistics generated a negative expected return over the last 90 days | |
| Covenant Logistics has high historical volatility and very poor performance | |
| About 68.0% of the company shares are held by institutions such as insurance companies |
Check out Covenant Logistics Backtesting, Covenant Logistics Valuation, Covenant Logistics Correlation, Covenant Logistics Hype Analysis, Covenant Logistics Volatility, Covenant Logistics History as well as Covenant Logistics Performance. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
Is 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.
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.