Covenant Logistics Group Stock Performance
| CVLG Stock | USD 45.54 0.13 0.29% |
The firm shows a Beta (market volatility) of 1.24, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Covenant Logistics will likely underperform. Covenant Logistics has an expected return of -0.11%. Please make sure to confirm Covenant Logistics kurtosis, as well as the relationship between the day median price and period momentum indicator , to decide if Covenant Logistics performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
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Over the last 90 days Covenant Logistics Group has generated negative risk-adjusted returns adding no value to investors with long positions. Despite latest unfluctuating performance, the Stock's essential indicators remain stable and the current disturbance on Wall Street may also be a sign of long-run gains for the company stockholders. ...more
Actual Historical Performance (%)
One Day Return 0.29 | Five Day Return 0.86 | Year To Date Return 0.71 | Ten Year Return 360 | All Time Return 133.54 |
Forward Dividend Yield 0.0097 | Payout Ratio 0.1071 | Forward Dividend Rate 0.44 | Dividend Date 2024-03-29 | Ex Dividend Date 2024-02-29 |
1 | Disposition of 1000 shares by Joey Hogan of Covenant Logistics subject to Rule 16b-3 | 02/23/2024 |
2 | Acquisition by David Parker of 300000 shares of Covenant Logistics at 21.24 subject to Rule 16b-3 | 02/28/2024 |
3 | Critical Review Yellow and Covenant Logistics Group - Defense World | 03/13/2024 |
4 | Disposition of 5296 shares by Joey Hogan of Covenant Logistics at .2018 subject to Rule 16b-3 | 03/15/2024 |
5 | Disposition of 3019 shares by David Parker of Covenant Logistics at 51.9541 subject to Rule 16b-3 | 03/20/2024 |
6 | Disposition of 6140 shares by Joey Hogan of Covenant Logistics at 30.4078 subject to Rule 16b-3 | 03/22/2024 |
7 | Why Covenant Logistics Dipped More Than Broader Market Today - Zacks Investment Research | 04/02/2024 |
8 | Covenant Logistics Ascends While Market Falls Some Facts to Note | 04/04/2024 |
9 | Disposition of 12028 shares by Paul Bunn of Covenant Logistics subject to Rule 16b-3 | 04/11/2024 |
10 | SG Americas Securities LLC Purchases Shares of 4797 Covenant Logistics Group, Inc. - Defense World | 04/12/2024 |
11 | Covenant Logistics Group Set to Announce Quarterly Earnings on Wednesday - MarketBeat | 04/16/2024 |
12 | 04/23/2024 |
13 | Covenant Logistics Q1 Earnings Snapshot | 04/24/2024 |
14 | CVLG Stock Earnings Covenant Logistics Gr Beats EPS, Beats Revenue for Q1 2024 | 04/25/2024 |
15 | Covenant Logistics names new COO to drive strategic goals | 04/29/2024 |
16 | Covenant Logistics Group, Inc. Q1 2024 Earnings Call Transcript | 04/30/2024 |
17 | Covenant Logistics Outpaces Stock Market Gains What You Should Know - Yahoo Movies UK | 05/03/2024 |
| Begin Period Cash Flow | 68.7 M |
Covenant |
Covenant Logistics Relative Risk vs. Return Landscape
If you would invest 4,936 in Covenant Logistics Group on February 5, 2024 and sell it today you would lose (382.00) from holding Covenant Logistics Group or give up 7.74% of portfolio value over 90 days. Covenant Logistics Group is currently does not generate positive expected returns and assumes 1.6154% risk (volatility on return distribution) over the 90 days horizon. In different words, 14% of stocks are less volatile than Covenant, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Covenant Logistics Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Covenant Logistics' investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Covenant Logistics Group, and traders can use it to determine the average amount a Covenant Logistics' price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0699
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| Negative Returns | CVLG |
Estimated Market Risk
| 1.62 actual daily | 14 86% of assets are more volatile |
Expected Return
| -0.11 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.07 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Covenant Logistics is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Covenant Logistics by adding Covenant Logistics to a well-diversified portfolio.
Covenant Logistics Fundamentals Growth
Covenant Stock prices reflect investors' perceptions of the future prospects and financial health of Covenant Logistics, and Covenant Logistics fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Covenant Stock performance.
| Return On Equity | 0.14 | ||||
| Return On Asset | 0.0351 | ||||
| Profit Margin | 0.04 % | ||||
| Operating Margin | 0.02 % | ||||
| Current Valuation | 886.45 M | ||||
| Shares Outstanding | 10.76 M | ||||
| Price To Earning | 7.43 X | ||||
| Price To Book | 1.47 X | ||||
| Price To Sales | 0.54 X | ||||
| Revenue | 1.1 B | ||||
| Gross Profit | 238.11 M | ||||
| EBITDA | 116.18 M | ||||
| Net Income | 54.63 M | ||||
| Cash And Equivalents | 4.46 M | ||||
| Cash Per Share | 0.31 X | ||||
| Total Debt | 293.46 M | ||||
| Debt To Equity | 0.31 % | ||||
| Current Ratio | 1.15 X | ||||
| Book Value Per Share | 30.86 X | ||||
| Cash Flow From Operations | 84.84 M | ||||
| Earnings Per Share | 3.04 X | ||||
| Market Capitalization | 597.23 M | ||||
| Total Asset | 1 B | ||||
| Retained Earnings | 378.92 M | ||||
| Working Capital | 15.65 M | ||||
About Covenant Logistics Performance
To evaluate Covenant Logistics Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Covenant Logistics generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Covenant Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Covenant Logistics market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Covenant's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 1.79 | 1.70 | |
| Return On Tangible Assets | 0.07 | 0.07 | |
| Return On Capital Employed | 0.06 | 0.07 | |
| Return On Assets | 0.05 | 0.06 | |
| Return On Equity | 0.14 | 0.14 |
Things to note about Covenant Logistics performance evaluation
Checking the ongoing alerts about Covenant Logistics for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Covenant Logistics help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Covenant Logistics generated a negative expected return over the last 90 days | |
| Covenant Logistics is unlikely to experience financial distress in the next 2 years | |
| Covenant Logistics has a strong financial position based on the latest SEC filings | |
| About 65.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from news.google.com: Covenant Logistics Outpaces Stock Market Gains What You Should Know - Yahoo Movies UK |
- Analyzing Covenant Logistics' financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Covenant Logistics' stock is overvalued or undervalued compared to its peers.
- Examining Covenant Logistics' industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Covenant Logistics' management team can have a significant impact on its success or failure. Reviewing the track record and experience of Covenant Logistics' management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Covenant Logistics' stock. These opinions can provide insight into Covenant Logistics' potential for growth and whether the stock is currently undervalued or overvalued.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Covenant Logistics Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
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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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Is Covenant Logistics' industry 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 (0.76) | Dividend Share 0.44 | Earnings Share 3.04 | Revenue Per Share 85.942 | Quarterly Revenue Growth 0.045 |
The market value of Covenant Logistics 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.