Covalon Technologies Stock Performance
| COV Stock | CAD 2.26 0.07 3.00% |
The firm shows a Beta (market volatility) of -0.28, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Covalon Technologies are expected to decrease at a much lower rate. During the bear market, Covalon Technologies is likely to outperform the market. At this point, Covalon Technologies has a negative expected return of -0.52%. Please make sure to confirm Covalon Technologies' kurtosis, as well as the relationship between the day median price and relative strength index , to decide if Covalon Technologies performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Over the last 90 days Covalon Technologies has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of abnormal performance in the last few months, the Stock's basic indicators remain fairly stable which may send shares a bit higher in April 2025. The latest fuss may also be a sign of long-term up-swing for the venture sophisticated investors. ...more
| Begin Period Cash Flow | 8.8 M |
Covalon |
Covalon Technologies Relative Risk vs. Return Landscape
If you would invest 334.00 in Covalon Technologies on December 17, 2024 and sell it today you would lose (101.00) from holding Covalon Technologies or give up 30.24% of portfolio value over 90 days. Covalon Technologies is currently producing negative expected returns and takes up 3.8268% volatility of returns over 90 trading days. Put another way, 34% of traded stocks are less volatile than Covalon, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Covalon Technologies Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Covalon Technologies' investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Covalon Technologies, and traders can use it to determine the average amount a Covalon Technologies' price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.1349
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| Negative Returns | COV |
Estimated Market Risk
| 3.83 actual daily | 34 66% of assets are more volatile |
Expected Return
| -0.52 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.13 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Covalon Technologies 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 Covalon Technologies by adding Covalon Technologies to a well-diversified portfolio.
Covalon Technologies Fundamentals Growth
Covalon Stock prices reflect investors' perceptions of the future prospects and financial health of Covalon Technologies, and Covalon Technologies fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Covalon Stock performance.
| Return On Equity | -0.0385 | ||||
| Return On Asset | -0.0325 | ||||
| Profit Margin | (0.03) % | ||||
| Operating Margin | 0.16 % | ||||
| Current Valuation | 47.17 M | ||||
| Shares Outstanding | 27.4 M | ||||
| Price To Earning | 69.86 X | ||||
| Price To Book | 2.08 X | ||||
| Price To Sales | 1.84 X | ||||
| Revenue | 31.17 M | ||||
| EBITDA | 3.14 M | ||||
| Cash And Equivalents | 2.53 M | ||||
| Cash Per Share | 0.10 X | ||||
| Total Debt | 901.67 K | ||||
| Debt To Equity | 2.49 % | ||||
| Book Value Per Share | 0.88 X | ||||
| Cash Flow From Operations | 3.47 M | ||||
| Earnings Per Share | (0.04) X | ||||
| Total Asset | 31.81 M | ||||
| Retained Earnings | (35.7 M) | ||||
About Covalon Technologies Performance
Evaluating Covalon Technologies' performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Covalon Technologies has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Covalon Technologies has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
Covalon Technologies Ltd. researches, develops, manufactures, commercializes, and licenses medical technologies and products in the United States, Canada, the United Kingdom, Europe, the Middle East, Asia, Latin America, and internationally. It serves hospitals, wound care centers, burn centers, extendedalternate care and acute care facilities, home health care agencies, and physicians offices. COVALON TECHNOLOGIES operates under Biotechnology classification in Exotistan and is traded on Commodity Exchange.Things to note about Covalon Technologies performance evaluation
Checking the ongoing alerts about Covalon Technologies for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Covalon Technologies help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Covalon Technologies generated a negative expected return over the last 90 days | |
| Covalon Technologies has high historical volatility and very poor performance | |
| Covalon Technologies has accumulated 901.67 K in total debt with debt to equity ratio (D/E) of 2.49, implying the company greatly relies on financing operations through barrowing. Covalon Technologies has a current ratio of 0.62, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Covalon Technologies until it has trouble settling it off, either with new capital or with free cash flow. So, Covalon Technologies' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Covalon Technologies sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Covalon to invest in growth at high rates of return. When we think about Covalon Technologies' use of debt, we should always consider it together with cash and equity. | |
| About 49.0% of Covalon Technologies shares are held by company insiders |
- Analyzing Covalon Technologies' financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Covalon Technologies' stock is overvalued or undervalued compared to its peers.
- Examining Covalon Technologies' industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Covalon Technologies' management team can have a significant impact on its success or failure. Reviewing the track record and experience of Covalon Technologies' management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Covalon Technologies' stock. These opinions can provide insight into Covalon Technologies' potential for growth and whether the stock is currently undervalued or overvalued.
Additional Tools for Covalon Stock Analysis
When running Covalon Technologies' price analysis, check to measure Covalon Technologies' 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 Covalon Technologies is operating at the current time. Most of Covalon Technologies' value examination focuses on studying past and present price action to predict the probability of Covalon Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Covalon Technologies' price. Additionally, you may evaluate how the addition of Covalon Technologies to your portfolios can decrease your overall portfolio volatility.