Covalon Technologies' market value is the price at which a share of Covalon Technologies trades on a public exchange. It measures the collective expectations of Covalon Technologies investors about its performance. Covalon Technologies is trading at 1.87 as of the 23rd of July 2025. This is a 1.58 percent decrease since the beginning of the trading day. The stock's lowest day price was 1.87. With this module, you can estimate the performance of a buy and hold strategy of Covalon Technologies and determine expected loss or profit from investing in Covalon Technologies over a given investment horizon. Check out Covalon Technologies Correlation, Covalon Technologies Volatility and Covalon Technologies Alpha and Beta module to complement your research on Covalon Technologies.
Please note, there is a significant difference between Covalon Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Covalon Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Covalon Technologies' 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.
Covalon Technologies 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Covalon Technologies' otc stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Covalon Technologies.
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04/24/2025
No Change 0.00
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In 3 months and 1 day
07/23/2025
0.00
If you would invest 0.00 in Covalon Technologies on April 24, 2025 and sell it all today you would earn a total of 0.00 from holding Covalon Technologies or generate 0.0% return on investment in Covalon Technologies over 90 days. Covalon Technologies is related to or competes with Cellectis, Mosaic Immunoengineerin, Microbix Biosystems, and Medicure. Covalon Technologies Ltd. researches, develops, manufactures, commercializes, and licenses medical technologies and prod... More
Covalon Technologies Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Covalon Technologies' otc stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Covalon Technologies upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Covalon Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Covalon Technologies' standard deviation. In reality, there are many statistical measures that can use Covalon Technologies historical prices to predict the future Covalon Technologies' volatility.
Covalon Technologies appears to be risky, given 3 months investment horizon. Covalon Technologies secures Sharpe Ratio (or Efficiency) of 0.0795, which signifies that the company had a 0.0795 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Covalon Technologies, which you can use to evaluate the volatility of the firm. Please makes use of Covalon Technologies' Mean Deviation of 1.72, downside deviation of 2.83, and Risk Adjusted Performance of 0.0773 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Covalon Technologies holds a performance score of 6. The firm shows a Beta (market volatility) of 0.0422, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Covalon Technologies' returns are expected to increase less than the market. However, during the bear market, the loss of holding Covalon Technologies is expected to be smaller as well. Please check Covalon Technologies' skewness, day typical price, and the relationship between the downside variance and daily balance of power , to make a quick decision on whether Covalon Technologies' price patterns will revert.
Auto-correlation
0.58
Modest predictability
Covalon Technologies has modest predictability. Overlapping area represents the amount of predictability between Covalon Technologies time series from 24th of April 2025 to 8th of June 2025 and 8th of June 2025 to 23rd of July 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Covalon Technologies price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current Covalon Technologies price fluctuation can be explain by its past prices.
Correlation Coefficient
0.58
Spearman Rank Test
0.32
Residual Average
0.0
Price Variance
0.01
Covalon Technologies lagged returns against current returns
Autocorrelation, which is Covalon Technologies otc stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Covalon Technologies' otc stock expected returns. We can calculate the autocorrelation of Covalon Technologies returns to help us make a trade decision. For example, suppose you find that Covalon Technologies has exhibited high autocorrelation historically, and you observe that the otc stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values
Timeline
Covalon Technologies regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Covalon Technologies otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Covalon Technologies otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Covalon Technologies otc stock over time.
Current vs Lagged Prices
Timeline
Covalon Technologies Lagged Returns
When evaluating Covalon Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Covalon Technologies otc stock have on its future price. Covalon Technologies autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Covalon Technologies autocorrelation shows the relationship between Covalon Technologies otc stock current value and its past values and can show if there is a momentum factor associated with investing in Covalon Technologies.
Other Information on Investing in Covalon OTC Stock
Covalon Technologies financial ratios help investors to determine whether Covalon OTC Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Covalon with respect to the benefits of owning Covalon Technologies security.