Covestro Adr Stock Price on September 13, 2024
| COVTY Stock | USD 30.17 0.11 0.36% |
If you're considering investing in Covestro Pink Sheet, it is important to understand the factors that can impact its price. As of today, the current price of Covestro ADR stands at 30.17, as last reported on the 30th of November, with the highest price reaching 30.17 and the lowest price hitting 30.17 during the day. At this stage we consider Covestro Pink Sheet to be very steady. Covestro ADR secures Sharpe Ratio (or Efficiency) of 2.0E-4, which signifies that the company had a 2.0E-4% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Covestro ADR, which you can use to evaluate the volatility of the firm. Please confirm Covestro ADR's Risk Adjusted Performance of (0.02), mean deviation of 0.6564, and Standard Deviation of 1.01 to double-check if the risk estimate we provide is consistent with the expected return of 2.0E-4%.
Covestro Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.
Covestro |
Sharpe Ratio = 2.0E-4
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | COVTY |
Estimated Market Risk
| 1.0 actual daily | 8 92% of assets are more volatile |
Expected Return
| 0.0 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.0 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Covestro ADR is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Covestro ADR by adding Covestro ADR to a well-diversified portfolio.
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H B Headline on 13th of September 2024
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Covestro ADR Valuation on September 13, 2024
It is possible to determine the worth of Covestro ADR on a given historical date. On September 13, 2024 Covestro was worth 31.2 at the beginning of the trading date compared to the closed value of 31.19. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Covestro ADR pink sheet. Still, in general, we apply an absolute valuation method to find Covestro ADR's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Covestro ADR where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Covestro ADR's related companies.
| Open | High | Low | Close | Volume | |
| 30.64 | 31.01 | 30.60 | 31.01 | 4,400 | |
09/13/2024 | 31.20 | 31.30 | 31.15 | 31.19 | 4,530 |
| 30.99 | 31.05 | 30.94 | 31.05 | 5,507 |
| Backtest Covestro ADR | | | Covestro ADR History | | | Covestro ADR Valuation | Previous | Next |
Covestro ADR Trading Date Momentum on September 13, 2024
| On September 16 2024 Covestro ADR was traded for 31.05 at the closing time. The highest daily price throughout the period was 31.05 and the lowest price was 30.94 . The daily volume was 5.5 K. The net trading volume on 09/16/2024 added to the next day price reduction. The overall trading delta to closing price of the next trading day was 0.45% . The overall trading delta to current closing price is 2.79% . |
Covestro ADR Fundamentals Correlations and Trends
By evaluating Covestro ADR's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Covestro ADR's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Covestro financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Covestro ADR Pink Sheet history
Covestro ADR investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Covestro is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Covestro ADR will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Covestro ADR stock prices may prove useful in developing a viable investing in Covestro ADR
Covestro AG supplies high-tech polymer materials and related application solutions. The company was founded in 1863 and is headquartered in Leverkusen, Germany. Covestro is traded on OTC Exchange in the United States.
Covestro ADR Pink Sheet Technical Analysis
Covestro ADR technical pink sheet analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, pink sheet market cycles, or different charting patterns.
Price Boundaries
Covestro ADR Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
Covestro ADR cannot be verified against its exchange. Please verify the symbol is currently traded on PINK Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Covestro ADR November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Covestro ADR pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Covestro ADR shares will generate the highest return on investment. By undertsting and applying Covestro ADR pink sheet market strength indicators, traders can identify Covestro ADR entry and exit signals to maximize returns
Covestro ADR Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Covestro ADR's price direction in advance. Along with the technical and fundamental analysis of Covestro Pink Sheet historical price patterns, it is also worthwhile for investors to track various predictive indicators of Covestro to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | 1.01 |
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Additional Tools for Covestro Pink Sheet Analysis
When running Covestro ADR's price analysis, check to measure Covestro ADR's 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 Covestro ADR is operating at the current time. Most of Covestro ADR's value examination focuses on studying past and present price action to predict the probability of Covestro ADR's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Covestro ADR's price. Additionally, you may evaluate how the addition of Covestro ADR to your portfolios can decrease your overall portfolio volatility.