Covestro Adr Stock Analysis
COVTY Stock | USD 30.17 0.11 0.36% |
Covestro ADR is overvalued with Real Value of 27.25 and Hype Value of 30.28. The main objective of Covestro ADR pink sheet analysis is to determine its intrinsic value, which is an estimate of what Covestro ADR is worth, separate from its market price. There are two main types of Covestro ADR's stock analysis: fundamental analysis and technical analysis.
The Covestro ADR pink sheet is traded in the USA on PINK Exchange, with the market opening at 09:30:00 and closing at 16:00:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in the USA.
Covestro |
Covestro Pink Sheet Analysis Notes
The company has price-to-book (P/B) ratio of 0.83. Some equities with similar Price to Book (P/B) outperform the market in the long run. Covestro ADR has Price/Earnings To Growth (PEG) ratio of 0.31. The entity last dividend was issued on the 22nd of April 2022. 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.The quote for Covestro ADR is published daily by the National Quotation Bureau and the company does not need to meet minimum requirements or file with the SEC. For more info on Covestro ADR please contact the company at 49 214 6009 2000 or go to https://www.covestro.com.Covestro Market Capitalization
The company currently falls under 'Mid-Cap' category with a current market capitalization of 8.92 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Covestro ADR's market, we take the total number of its shares issued and multiply it by Covestro ADR's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.Covestro Profitablity
The company has Profit Margin (PM) of 0.05 %, which maeans that even a very small decline in it revenue will erase profits resulting in a net loss. This is way below average. Similarly, it shows Operating Margin (OM) of 0.07 %, which suggests for every 100 dollars of sales, it generated a net operating income of $0.07.Technical Drivers
As of the 29th of November, Covestro ADR shows the Downside Deviation of 0.799, risk adjusted performance of 0.0113, and Mean Deviation of 0.6896. Covestro ADR technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices.Covestro ADR Price Movement Analysis
The output start index for this execution was nine with a total number of output elements of fifty-two. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. Covestro ADR middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for Covestro ADR. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.
Covestro ADR Outstanding Bonds
Covestro ADR issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Covestro ADR uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Covestro bonds can be classified according to their maturity, which is the date when Covestro ADR has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
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Covestro ADR Predictive Daily Indicators
Covestro ADR intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Covestro ADR pink sheet daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Daily Balance Of Power | (9,223,372,036,855) | |||
Rate Of Daily Change | 1.0 | |||
Day Median Price | 30.17 | |||
Day Typical Price | 30.17 | |||
Price Action Indicator | (0.06) | |||
Period Momentum Indicator | (0.11) | |||
Relative Strength Index | 27.55 |
Covestro ADR Forecast Models
Covestro ADR's time-series forecasting models are one of many Covestro ADR's pink sheet analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Covestro ADR's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.About Covestro Pink Sheet Analysis
Pink Sheet analysis is the technique used by a trader or investor to examine and evaluate how Covestro ADR prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Covestro shares will generate the highest return on investment. We also built our pink sheet analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Pink Sheet such as Covestro ADR. By using and applying Covestro Pink Sheet analysis, traders can create a robust methodology for identifying Covestro entry and exit points for their positions.
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.
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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.