Cover Stock Buy Hold or Sell Recommendation
| COVCF Stock | 17.08 0.11 0.64% |
Assuming the 90 days horizon and your above-average risk tolerance, our recommendation regarding COVER is 'Hold'. Macroaxis provides COVER buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding COVER positions.
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any otc stock could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. Note, we conduct extensive research on individual companies such as COVER and provide practical buy, sell, or hold advice based on investors' constraints. COVER. Also, note that the market value of any otc stock could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
COVER |
Execute COVER Buy or Sell Advice
The COVER recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on COVER. Macroaxis does not own or have any residual interests in COVER or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute COVER's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Hold
Market Performance | Good | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Overvalued | Details | |
Economic Sensitivity | Follows the market closely | Details | |
Reporting Quality (M-Score) | null | Details |
COVER Trading Alerts and Improvement Suggestions
| COVER appears to be risky and price may revert if volatility continues |
COVER Returns Distribution Density
The distribution of COVER's historical returns is an attempt to chart the uncertainty of COVER's future price movements. The chart of the probability distribution of COVER daily returns describes the distribution of returns around its average expected value. We use COVER price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of COVER returns is essential to provide solid investment advice for COVER.
| Mean Return | 0.51 | Value At Risk | -4.72 | Potential Upside | 7.21 | Standard Deviation | 3.88 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of COVER historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
COVER Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to COVER or COVER sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that COVER's price will be affected by overall otc stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a COVER otc's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | 0.39 | |
β | Beta against Dow Jones | 0.89 | |
σ | Overall volatility | 3.89 | |
Ir | Information ratio | 0.1 |
COVER Volatility Alert
COVER shows above-average downside volatility for the selected time horizon. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure COVER's otc stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact COVER's otc stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.COVER Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as COVER . With many 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.
Use Investing Ideas to Build Portfolios
In addition to having COVER in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Alternative Energy Thematic Idea Now
Alternative Energy
Large and mid-size companies, ETFs and funds that are either investing or directly involved in providing energy derived from sources not connected to fossil fuels, do not consume natural resources, and do not harm the environment. This includes wind power, nuclear and solar energy, biofuel, ethanol, hydrogen and others alternative sources of energy. The Alternative Energy theme has 42 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Alternative Energy Theme or any other thematic opportunities.
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