Covenant Logistics Revenue vs. Shares Owned By Institutions
| CV5 Stock | EUR 26.00 0.00 0.00% |
For Covenant Logistics profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Covenant Logistics to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Covenant Logistics Group utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Covenant Logistics's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Covenant Logistics Group over time as well as its relative position and ranking within its peers.
Covenant |
Covenant Logistics Shares Owned By Institutions vs. Revenue Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Covenant Logistics's current stock value. Our valuation model uses many indicators to compare Covenant Logistics value to that of its competitors to determine the firm's financial worth. Covenant Logistics Group is the top company in revenue category among its peers. It also is number one stock in shares owned by institutions category among its peers . The ratio of Revenue to Shares Owned By Institutions for Covenant Logistics Group is about 17,689,975 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Covenant Logistics' earnings, one of the primary drivers of an investment's value.Covenant Revenue vs. Competition
Covenant Logistics Group is the top company in revenue category among its peers. Market size based on revenue of Trucking industry is currently estimated at about 1.07 Trillion. Covenant Logistics adds roughly 1.22 Billion in revenue claiming only tiny portion of equities listed under Trucking industry.
Covenant Shares Owned By Institutions vs. Revenue
Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
Covenant Logistics |
| = | 1.22 B |
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include products or services discounts, promotions, as well as early payments on invoices or services rendered in advance.
Shares Owned by Institutions show the percentage of the outstanding shares of stock issued by a company that is currently owned by other institutions such as asset management firms, hedge funds, or investment banks. Many investors like investing in companies with a large percentage of the firm owned by institutions because they believe that larger firms such as banks, pension funds, and mutual funds, will invest when they think that good things are going to happen.
Covenant Logistics |
| = | 68.79 % |
Since Institution investors conduct a lot of independent research they tend to be more involved and usually more knowledgeable about entities they invest as compared to amateur investors.
Covenant Shares Owned By Institutions Comparison
Covenant Logistics is currently under evaluation in shares owned by institutions category among its peers.
Covenant Logistics Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Covenant Logistics, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Covenant Logistics will eventually generate negative long term returns. The profitability progress is the general direction of Covenant Logistics' change in net profit over the period of time. It can combine multiple indicators of Covenant Logistics, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
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 LOG operates under Trucking classification in Germany and is traded on Frankfurt Stock Exchange. It employs 4900 people.
Covenant Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Covenant Logistics. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Covenant Logistics position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Covenant Logistics' important profitability drivers and their relationship over time.
Use Covenant Logistics in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Covenant Logistics position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Covenant Logistics will appreciate offsetting losses from the drop in the long position's value.Covenant Logistics Pair Trading
Covenant Logistics Group Pair Trading Analysis
The ability to find closely correlated positions to Covenant Logistics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Covenant Logistics when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Covenant Logistics - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Covenant Logistics Group to buy it.
The correlation of Covenant Logistics is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Covenant Logistics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Covenant Logistics moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Covenant Logistics can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Covenant Logistics position
In addition to having Covenant Logistics 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?
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Other Information on Investing in Covenant Stock
To fully project Covenant Logistics' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Covenant Logistics at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Covenant Logistics' income statement, its balance sheet, and the statement of cash flows.