Cover Stock Performance
| COVCF Stock | 15.95 0.75 4.49% |
COVER has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.29, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning COVER are expected to decrease at a much lower rate. During the bear market, COVER is likely to outperform the market. COVER currently shows a risk of 4.16%. Please confirm COVER skewness, as well as the relationship between the rate of daily change and price action indicator , to decide if COVER will be following its price patterns.
Risk-Adjusted Performance
Weak
Weak | Strong |
Compared to the overall equity markets, risk-adjusted returns on investments in COVER are ranked lower than 2 (%) of all global equities and portfolios over the last 90 days. Despite nearly fragile fundamental indicators, COVER may actually be approaching a critical reversion point that can send shares even higher in April 2025. ...more
COVER |
COVER Relative Risk vs. Return Landscape
If you would invest 1,550 in COVER on December 1, 2024 and sell it today you would earn a total of 45.00 from holding COVER or generate 2.9% return on investment over 90 days. COVER is currently producing 0.1314% returns and takes up 4.1632% volatility of returns over 90 trading days. Put another way, 37% of traded otc stocks are less volatile than COVER, and 98% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
COVER Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for COVER's investment risk. Standard deviation is the most common way to measure market volatility of otc stocks, such as COVER, and traders can use it to determine the average amount a COVER's 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 = 0.0316
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| Cash | Small Risk | Average Risk | COVCF | Huge Risk |
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Estimated Market Risk
| 4.16 actual daily | 37 63% of assets are more volatile |
Expected Return
| 0.13 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average COVER is performing at about 2% of its full potential. 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 COVER by adding it to a well-diversified portfolio.
Things to note about COVER performance evaluation
Checking the ongoing alerts about COVER for important developments is a great way to find new opportunities for your next move. OTC Stock alerts and notifications screener for COVER help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| COVER had very high historical volatility over the last 90 days |
- Analyzing COVER's 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 COVER's stock is overvalued or undervalued compared to its peers.
- Examining COVER's 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 COVER's management team can have a significant impact on its success or failure. Reviewing the track record and experience of COVER's management team can help you assess the OTC Stock's leadership.
- Pay attention to analyst opinions and ratings of COVER's otc stock. These opinions can provide insight into COVER's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for COVER OTC Stock analysis
When running COVER's price analysis, check to measure COVER'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 COVER is operating at the current time. Most of COVER's value examination focuses on studying past and present price action to predict the probability of COVER's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move COVER's price. Additionally, you may evaluate how the addition of COVER to your portfolios can decrease your overall portfolio volatility.
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