Covenant Logistics Stock Forecast - Accumulation Distribution
| CVLG Stock | USD 52.34 1.10 2.06% |
Covenant Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Covenant Logistics' historical fundamentals, such as revenue growth or operating cash flow patterns.
Covenant |
Open Interest Against 2024-10-18 Covenant Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Covenant Logistics' spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Covenant Logistics' options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Covenant Logistics stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Covenant Logistics' open interest, investors have to compare it to Covenant Logistics' spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Covenant Logistics is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Covenant. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
| Previous Accumulation Distribution | Accumulation Distribution | Trend |
| 796.66 | 762.32 |
| Check Covenant Logistics Volatility | Backtest Covenant Logistics | Trend Details |
Covenant Logistics Trading Date Momentum
| On August 13 2024 Covenant Logistics Group, was traded for 51.11 at the closing time. The top price for the day was 51.25 and the lowest listed price was 50.20 . The trading volume for the day was 36 K. The trading history from August 13, 2024 was a factor to the next trading day price rise. The overall trading delta against the next closing price was 1.23% . The overall trading delta against the current closing price is 4.97% . |
Accumulation distribution indicator can signal that a trend is either nearing completion, at a continuation, or is about to break-outs. The actual value of this indicator is of no significance. What is significant is the change in value of over time. The formula for A/D of a given trading day can be expressed as follow: ((Close - Low) - (High - Close)) / (High - Low) X Volume
| Compare Covenant Logistics to competition |
Other Forecasting Options for Covenant Logistics
For every potential investor in Covenant, whether a beginner or expert, Covenant Logistics' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Covenant Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Covenant. Basic forecasting techniques help filter out the noise by identifying Covenant Logistics' price trends.Covenant Logistics Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Covenant Logistics stock to make a market-neutral strategy. Peer analysis of Covenant Logistics could also be used in its relative valuation, which is a method of valuing Covenant Logistics by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Covenant Logistics Group, Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Covenant Logistics' price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Covenant Logistics' current price.| Cycle Indicators | ||
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| Math Transform | ||
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| Volume Indicators |
Covenant Logistics Market Strength Events
Market strength 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 undertsting and applying Covenant Logistics stock market strength indicators, traders can identify Covenant Logistics Group, entry and exit signals to maximize returns.
Covenant Logistics Risk Indicators
The analysis of Covenant Logistics' basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Covenant Logistics' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting covenant stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.4 | |||
| Semi Deviation | 1.6 | |||
| Standard Deviation | 1.91 | |||
| Variance | 3.63 | |||
| Downside Variance | 3.11 | |||
| Semi Variance | 2.57 | |||
| Expected Short fall | (1.43) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Covenant Stock
When determining whether Covenant Logistics Group, is a strong investment it is important to analyze Covenant Logistics' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Covenant Logistics' future performance. For an informed investment choice regarding Covenant Stock, refer to the following important reports:Check out Historical Fundamental Analysis of Covenant Logistics to cross-verify your projections. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Is Cargo Ground Transportation space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Covenant Logistics. If investors know Covenant will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Covenant Logistics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.03) | Dividend Share 0.44 | Earnings Share 3.02 | Revenue Per Share 86.634 | Quarterly Revenue Growth 0.049 |
The market value of Covenant Logistics Group, is measured differently than its book value, which is the value of Covenant that is recorded on the company's balance sheet. Investors also form their own opinion of Covenant Logistics' value that differs from its market value or its book value, called intrinsic value, which is Covenant Logistics' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Covenant Logistics' market value can be influenced by many factors that don't directly affect Covenant Logistics' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Covenant Logistics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Covenant Logistics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Covenant Logistics' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.