Covenant Logistics (Germany) Technical Analysis
| CV5 Stock | EUR 53.00 0.00 0.00% |
As of the 30th of December, Covenant Logistics shows the Mean Deviation of 1.46, risk adjusted performance of 0.0893, and Downside Deviation of 1.69. Covenant Logistics 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. Please confirm Covenant Logistics maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk to decide if Covenant Logistics is priced correctly, providing market reflects its regular price of 53.0 per share.
Covenant Logistics Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Covenant, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to CovenantCovenant |
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.
Covenant Logistics Technical Analysis
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Covenant Logistics volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Covenant Logistics Trend Analysis
Use this graph to draw trend lines for Covenant Logistics Group. You can use it to identify possible trend reversals for Covenant Logistics as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Covenant Logistics price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Covenant Logistics Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Covenant Logistics Group applied against its price change over selected period. The best fit line has a slop of 0.16 , which means Covenant Logistics Group will continue generating value for investors. It has 122 observation points and a regression sum of squares at 989.03, which is the sum of squared deviations for the predicted Covenant Logistics price change compared to its average price change.About Covenant Logistics Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Covenant Logistics Group on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Covenant Logistics Group based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Covenant Logistics price pattern first instead of the macroeconomic environment surrounding Covenant Logistics. By analyzing Covenant Logistics's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Covenant Logistics's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Covenant Logistics specific price patterns or momentum indicators. Please read more on our technical analysis page.
Covenant Logistics December 30, 2024 Technical Indicators
Most technical analysis of Covenant help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Covenant from various momentum indicators to cycle indicators. When you analyze Covenant charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Volume Indicators |
| Risk Adjusted Performance | 0.0893 | |||
| Market Risk Adjusted Performance | 0.7096 | |||
| Mean Deviation | 1.46 | |||
| Semi Deviation | 1.33 | |||
| Downside Deviation | 1.69 | |||
| Coefficient Of Variation | 957.35 | |||
| Standard Deviation | 2.01 | |||
| Variance | 4.05 | |||
| Information Ratio | 0.0884 | |||
| Jensen Alpha | 0.1937 | |||
| Total Risk Alpha | 0.1441 | |||
| Sortino Ratio | 0.1054 | |||
| Treynor Ratio | 0.6996 | |||
| Maximum Drawdown | 10.96 | |||
| Value At Risk | (2.68) | |||
| Potential Upside | 4.18 | |||
| Downside Variance | 2.85 | |||
| Semi Variance | 1.76 | |||
| Expected Short fall | (2.02) | |||
| Skewness | 1.27 | |||
| Kurtosis | 3.16 |
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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