Coveo Solutions Stock Market Value
| CVO Stock | 8.34 0.05 0.60% |
| Symbol | Coveo |
Coveo Solutions Price To Book Ratio
Coveo Solutions '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 Coveo Solutions' 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 Coveo Solutions.
| 04/23/2025 |
| 07/22/2025 |
If you would invest 0.00 in Coveo Solutions on April 23, 2025 and sell it all today you would earn a total of 0.00 from holding Coveo Solutions or generate 0.0% return on investment in Coveo Solutions over 90 days. Coveo Solutions is related to or competes with North American, E L, Doman Building, Laurentian Bank, Intact Financial, Bank of Nova Scotia, and Toronto Dominion. Coveo Solutions is entity of Canada. It is traded as Stock on TO exchange. More
Coveo Solutions 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 Coveo Solutions' 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 Coveo Solutions upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.07 | |||
| Information Ratio | 0.2821 | |||
| Maximum Drawdown | 8.4 | |||
| Value At Risk | (1.47) | |||
| Potential Upside | 4.0 |
Coveo Solutions Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Coveo Solutions' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Coveo Solutions' standard deviation. In reality, there are many statistical measures that can use Coveo Solutions historical prices to predict the future Coveo Solutions' volatility.| Risk Adjusted Performance | 0.3472 | |||
| Jensen Alpha | 0.5679 | |||
| Total Risk Alpha | 0.3686 | |||
| Sortino Ratio | 0.4521 | |||
| Treynor Ratio | 1.69 |
Coveo Solutions Backtested Returns
Coveo Solutions appears to be not too volatile, given 3 months investment horizon. Coveo Solutions secures Sharpe Ratio (or Efficiency) of 0.34, which signifies that the company had a 0.34 % return per unit of risk over the last 3 months. By analyzing Coveo Solutions' technical indicators, you can evaluate if the expected return of 0.54% is justified by implied risk. Please makes use of Coveo Solutions' Mean Deviation of 1.34, downside deviation of 1.07, and Risk Adjusted Performance of 0.3472 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Coveo Solutions holds a performance score of 26. The firm shows a Beta (market volatility) of 0.37, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Coveo Solutions' returns are expected to increase less than the market. However, during the bear market, the loss of holding Coveo Solutions is expected to be smaller as well. Please check Coveo Solutions' expected short fall, and the relationship between the value at risk and daily balance of power , to make a quick decision on whether Coveo Solutions' price patterns will revert.
Auto-correlation | 0.80 |
Very good predictability
Coveo Solutions has very good predictability. Overlapping area represents the amount of predictability between Coveo Solutions time series from 23rd of April 2025 to 7th of June 2025 and 7th of June 2025 to 22nd 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 Coveo Solutions price movement. The serial correlation of 0.8 indicates that around 80.0% of current Coveo Solutions price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.86 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Coveo Solutions lagged returns against current returns
Autocorrelation, which is Coveo Solutions 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 Coveo Solutions' stock expected returns. We can calculate the autocorrelation of Coveo Solutions returns to help us make a trade decision. For example, suppose you find that Coveo Solutions has exhibited high autocorrelation historically, and you observe that the 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 |
Coveo Solutions 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 Coveo Solutions stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Coveo Solutions stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Coveo Solutions stock over time.
Current vs Lagged Prices |
| Timeline |
Coveo Solutions Lagged Returns
When evaluating Coveo Solutions' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Coveo Solutions stock have on its future price. Coveo Solutions 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, Coveo Solutions autocorrelation shows the relationship between Coveo Solutions stock current value and its past values and can show if there is a momentum factor associated with investing in Coveo Solutions.
Regressed Prices |
| Timeline |
Pair Trading with Coveo Solutions
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Coveo Solutions position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Coveo Solutions will appreciate offsetting losses from the drop in the long position's value.Moving together with Coveo Stock
| 0.89 | GOOG | Alphabet CDR | PairCorr |
| 0.98 | NVDA | NVIDIA CDR | PairCorr |
| 0.96 | MSFT | Microsoft Corp CDR Earnings Call This Week | PairCorr |
| 0.72 | INTC | INTEL CDR | PairCorr |
The ability to find closely correlated positions to Coveo Solutions could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Coveo Solutions when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Coveo Solutions - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Coveo Solutions to buy it.
The correlation of Coveo Solutions is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Coveo Solutions moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Coveo Solutions moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Coveo Solutions can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Coveo Stock
Coveo Solutions financial ratios help investors to determine whether Coveo 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 Coveo with respect to the benefits of owning Coveo Solutions security.