Covenant Logistics Group, Stock Alpha and Beta Analysis
| CVLG Stock | USD 26.91 0.26 0.98% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Covenant Logistics Group,. It also helps investors analyze the systematic and unsystematic risks associated with investing in Covenant Logistics over a specified time horizon. Remember, high Covenant Logistics' alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Covenant Logistics' market risk premium analysis include:
Beta 1.38 | Alpha (0.85) | Risk 6.81 | Sharpe Ratio (0.13) | Expected Return (0.91) |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Covenant |
Covenant Logistics Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Covenant Logistics market risk premium is the additional return an investor will receive from holding Covenant Logistics long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Covenant Logistics. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Covenant Logistics' performance over market.| α | -0.85 | β | 1.38 |
Covenant Logistics expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Covenant Logistics' Buy-and-hold return. Our buy-and-hold chart shows how Covenant Logistics performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Covenant Logistics Market Price Analysis
Market price analysis indicators help investors to evaluate how Covenant Logistics stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Covenant Logistics shares will generate the highest return on investment. By understating and applying Covenant Logistics stock market price indicators, traders can identify Covenant Logistics position entry and exit signals to maximize returns.
Covenant Logistics Return and Market Media
The median price of Covenant Logistics for the period between Wed, Nov 20, 2024 and Tue, Feb 18, 2025 is 54.38 with a coefficient of variation of 34.2. The daily time series for the period is distributed with a sample standard deviation of 14.95, arithmetic mean of 43.71, and mean deviation of 14.71. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Acquisition by Kramer D Michael of 2454 shares of Covenant Logistics subject to Rule 16b-3 | 11/29/2024 |
2 | Three Reasons Why CVLG is Risky and One Stock to Buy Instead | 12/12/2024 |
3 | Disposition of 15249 shares by Paul Bunn of Covenant Logistics at 27.255 subject to Rule 16b-3 | 12/31/2024 |
4 | Disposition of 667 shares by Matisse Long of Covenant Logistics at 50.1705 subject to Rule 16b-3 | 01/03/2025 |
5 | CVLG Gears Up to Report Q4 Earnings Whats in the Offing | 01/16/2025 |
6 | Covenant Logistics Group Inc Q4 2024 Earnings Report Preview What To Look For | 01/22/2025 |
7 | Earnings To Watch Covenant Logistics Group Inc Reports Q4 2024 Result | 01/23/2025 |
8 | CVLG Stock Moves on Weak Q4 Results | 01/24/2025 |
9 | Disposition of 2114 shares by Matisse Long of Covenant Logistics at 28.955 subject to Rule 16b-3 | 01/28/2025 |
10 | Disposition of 5355 shares by Joey Hogan of Covenant Logistics subject to Rule 16b-3 | 01/29/2025 |
11 | Disposition of 3468 shares by Paul Bunn of Covenant Logistics at 27.255 subject to Rule 16b-3 | 01/31/2025 |
About Covenant Logistics Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Covenant or other stocks. Alpha measures the amount that position in Covenant Logistics Group, has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2022 | 2023 | 2024 | 2025 (projected) | PTB Ratio | 1.38 | 1.49 | 1.71 | 1.75 | Price To Sales Ratio | 0.43 | 0.54 | 0.63 | 0.51 |
Covenant Logistics Upcoming Company Events
As portrayed in its financial statements, the presentation of Covenant Logistics' financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Covenant Logistics' leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Covenant Logistics' public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Covenant Logistics. Please utilize our Beneish M Score to check the likelihood of Covenant Logistics' management manipulating its earnings.
| 25th of April 2024 Upcoming Quarterly Report | View | |
| 24th of July 2024 Next Financial Report | View | |
| 31st of March 2024 Next Fiscal Quarter End | View | |
| 28th of January 2025 Next Fiscal Year End | View | |
| 31st of December 2023 Last Quarter Report | View | |
| 31st of December 2023 Last Financial Announcement | View |
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Check out Covenant Logistics Backtesting, Covenant Logistics Valuation, Covenant Logistics Correlation, Covenant Logistics Hype Analysis, Covenant Logistics Volatility, Covenant Logistics History and analyze Covenant Logistics Performance. You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
Covenant Logistics technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.