Covenant Logistics Group, Stock Performance
| CVLG Stock | USD 23.11 0.56 2.48% |
The firm shows a Beta (market volatility) of 1.45, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Covenant Logistics will likely underperform. At this point, Covenant Logistics Group, has a negative expected return of -1.1%. Please make sure to confirm Covenant Logistics' kurtosis, as well as the relationship between the day median price and period momentum indicator , to decide if Covenant Logistics Group, 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 Covenant Logistics Group, has generated negative risk-adjusted returns adding no value to investors with long positions. Despite unfluctuating performance in the last few months, the Stock's essential indicators remain nearly stable which may send shares a bit higher in April 2025. The current disturbance may also be a sign of long-run up-swing for the company stockholders. ...more
| Covenant Logistics dividend paid on 27th of December 2024 | 12/27/2024 |
| Begin Period Cash Flow | 2.3 M |
Covenant |
Covenant Logistics Relative Risk vs. Return Landscape
If you would invest 5,520 in Covenant Logistics Group, on December 26, 2024 and sell it today you would lose (3,209) from holding Covenant Logistics Group, or give up 58.13% of portfolio value over 90 days. Covenant Logistics Group, is currently does not generate positive expected returns and assumes 6.7616% risk (volatility on return distribution) over the 90 days horizon. In different words, 60% of stocks are less volatile than Covenant, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Covenant Logistics Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Covenant Logistics' investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Covenant Logistics Group,, and traders can use it to determine the average amount a Covenant Logistics' 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 = -0.1628
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| Negative Returns | CVLG |
Estimated Market Risk
| 6.76 actual daily | 60 60% of assets are less volatile |
Expected Return
| -1.1 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.16 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Covenant Logistics 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 Covenant Logistics by adding Covenant Logistics to a well-diversified portfolio.
Covenant Logistics Fundamentals Growth
Covenant Stock prices reflect investors' perceptions of the future prospects and financial health of Covenant Logistics, and Covenant Logistics 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 Covenant Stock performance.
| Return On Equity | 0.0839 | ||||
| Return On Asset | 0.0403 | ||||
| Profit Margin | 0.03 % | ||||
| Operating Margin | 0.06 % | ||||
| Current Valuation | 859.98 M | ||||
| Shares Outstanding | 21.85 M | ||||
| Price To Earning | 7.43 X | ||||
| Price To Book | 1.37 X | ||||
| Price To Sales | 0.54 X | ||||
| Revenue | 1.13 B | ||||
| EBITDA | 146 M | ||||
| Cash And Equivalents | 4.46 M | ||||
| Cash Per Share | 0.31 X | ||||
| Total Debt | 296.89 M | ||||
| Debt To Equity | 0.31 % | ||||
| Book Value Per Share | 16.56 X | ||||
| Cash Flow From Operations | 122.89 M | ||||
| Earnings Per Share | 1.28 X | ||||
| Total Asset | 997.57 M | ||||
| Retained Earnings | 278.13 M | ||||
About Covenant Logistics Performance
By analyzing Covenant Logistics' fundamental ratios, stakeholders can gain valuable insights into Covenant Logistics' financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Covenant Logistics 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 Covenant Logistics has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Covenant Logistics Group, Inc., together with its subsidiaries, provides transportation and logistics services in the United States. Covenant Logistics Group, Inc. was founded in 1986 and is based in Chattanooga, Tennessee. Covenant Logistics operates under Trucking classification in the United States and is traded on NASDAQ Exchange. It employs 3000 people.Things to note about Covenant Logistics Group, performance evaluation
Checking the ongoing alerts about Covenant Logistics for important developments is a great way to find new opportunities for your next move. 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 generated a negative expected return over the last 90 days | |
| Covenant Logistics has high historical volatility and very poor performance | |
| About 68.0% of the company shares are held by institutions such as insurance companies |
- Analyzing Covenant Logistics' 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 Covenant Logistics' stock is overvalued or undervalued compared to its peers.
- Examining Covenant Logistics' 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 Covenant Logistics' management team can have a significant impact on its success or failure. Reviewing the track record and experience of Covenant Logistics' management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Covenant Logistics' stock. These opinions can provide insight into Covenant Logistics' potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for Covenant Stock analysis
When running Covenant Logistics' price analysis, check to measure Covenant Logistics' 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 Covenant Logistics is operating at the current time. Most of Covenant Logistics' value examination focuses on studying past and present price action to predict the probability of Covenant Logistics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Covenant Logistics' price. Additionally, you may evaluate how the addition of Covenant Logistics to your portfolios can decrease your overall portfolio volatility.
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