Covenant Logistics Group, Stock Probability of Future Stock Price Finishing Under 51.36
| CVLG Stock | USD 58.35 0.63 1.09% |
Closest to current price Covenant long CALL Option Payoff at Expiration
Covenant |
Covenant Logistics Target Price Odds to finish below 51.36
The tendency of Covenant 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 drop to $ 51.36 or more in 90 days |
| 58.35 | 90 days | 51.36 | about 17.68 |
Based on a normal probability distribution, the odds of Covenant Logistics to drop to $ 51.36 or more in 90 days from now is about 17.68 (This Covenant Logistics Group, probability density function shows the probability of Covenant Stock to fall within a particular range of prices over 90 days) . Probability of Covenant Logistics Group, price to stay between $ 51.36 and its current price of $58.35 at the end of the 90-day period is about 73.28 .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.89 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Covenant Logistics will likely underperform. Additionally Covenant Logistics Group, 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. Covenant Logistics Price Density |
| Price |
Predictive Modules for Covenant Logistics
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Covenant Logistics Group,. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the 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.Covenant Logistics Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Covenant Logistics is not an exception. The market had few large corrections towards the Covenant Logistics' 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 Covenant Logistics Group,, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Covenant Logistics within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.01 | |
β | Beta against Dow Jones | 1.89 | |
σ | Overall volatility | 3.08 | |
Ir | Information ratio | 0.05 |
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 is unlikely to experience financial distress in the next 2 years | |
| Covenant Logistics has a strong financial position based on the latest SEC filings | |
| About 66.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from marketwatch.com: Covenant Logistics OKs 2-For-1 Stock Split |
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 | 13.8 M | |
| Cash And Short Term Investments | 2.3 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 is unlikely to experience financial distress in the next 2 years | |
| Covenant Logistics has a strong financial position based on the latest SEC filings | |
| About 66.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from marketwatch.com: Covenant Logistics OKs 2-For-1 Stock Split |
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 Transaction History module to view history of all your transactions and understand their impact on performance.
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 (0.05) | Dividend Share 0.44 | Earnings Share 2.97 | Revenue Per Share 86.188 | Quarterly Revenue Growth (0) |
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.