Covestro (Germany) Today

1COV Stock  EUR 50.70  0.56  1.12%   

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Covestro is trading at 50.70 as of the 29th of March 2024. This is a 1.12 percent up since the beginning of the trading day. The stock's lowest day price was 49.82. Covestro has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Covestro AG are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 9th of April 2022 and ending today, the 29th of March 2024. Click here to learn more.
Covestro AG develops, produces, and markets polymer materials for various industries worldwide. Covestro AG was founded in 2005 and is headquartered in Leverkusen, Germany. COVESTRO operates under Specialist Chemicals classification in Germany and is traded on Frankfurt Stock Exchange. The company has 193.2 M outstanding shares. More on Covestro AG

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Covestro Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Covestro's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Covestro or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ChairmanRichard Pott
Business ConcentrationSpecialty Chemicals, Basic Materials (View all Sectors)
Covestro AG (1COV) is traded on Frankfurt Exchange in Germany and employs 18,064 people. The company currently falls under 'Mid-Cap' category with a current market capitalization of 8.08 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Covestro's market, we take the total number of its shares issued and multiply it by Covestro's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Covestro AG operates under Basic Materials sector and is part of Specialty Chemicals industry. The entity has 193.2 M outstanding shares. Covestro AG has accumulated about 656 M in cash with 2.19 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.59.
Check Covestro Probability Of Bankruptcy
Ownership Allocation
Covestro AG retains a total of 193.2 Million outstanding shares. Over half of Covestro's outstanding shares are owned by other corporate entities. These other corporate entities are typically referred to as corporate investors that acquire positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulations than regular investors in Covestro. Please watch out for any change in the institutional holdings of Covestro AG as this could mean something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Covestro Ownership Details

Covestro Stock Price Odds Analysis

In reference to a normal probability distribution, the odds of Covestro jumping above the current price in 90 days from now is about 18.37%. The Covestro AG probability density function shows the probability of Covestro stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Covestro has a beta of 0.2211. This suggests as returns on the market go up, Covestro average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Covestro AG will be expected to be much smaller as well. Additionally, covestro AG has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
  Odds Below 50.7HorizonTargetOdds Above 50.7
81.39%90 days
 50.70 
18.37%
Based on a normal probability distribution, the odds of Covestro to move above the current price in 90 days from now is about 18.37 (This Covestro AG probability density function shows the probability of Covestro Stock to fall within a particular range of prices over 90 days) .

Covestro AG Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Covestro market risk premium is the additional return an investor will receive from holding Covestro long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Covestro. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Covestro's alpha and beta are two of the key measurements used to evaluate Covestro's performance over the market, the standard measures of volatility play an important role as well.

Covestro Stock Against Markets

Picking the right benchmark for Covestro stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Covestro stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Covestro is critical whether you are bullish or bearish towards Covestro AG at a given time. Please also check how Covestro's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Covestro without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Covestro Corporate Management

Elected by the shareholders, the Covestro's board of directors comprises two types of representatives: Covestro inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Covestro. The board's role is to monitor Covestro's management team and ensure that shareholders' interests are well served. Covestro's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Covestro's outside directors are responsible for providing unbiased perspectives on the board's policies.
Michelle JouHead SegmentProfile
Peter HausmannMember of the Supervisory BoardProfile
Joachim WolffHead UnitProfile
Thomas FischerMember of the Supervisory BoardProfile
Ulrich LimanMember of the Supervisory BoardProfile
Marc StothfangMember of the Supervisory BoardProfile

How to buy Covestro Stock?

Before investing in Covestro, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Covestro. To buy Covestro stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Covestro. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Covestro stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Covestro AG stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Covestro AG stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Covestro AG, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.

Already Invested in Covestro AG?

The danger of trading Covestro AG is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Covestro is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Covestro. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Covestro AG is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Covestro AG. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real.
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 Covestro's price analysis, check to measure Covestro's 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 Covestro is operating at the current time. Most of Covestro's value examination focuses on studying past and present price action to predict the probability of Covestro's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Covestro's price. Additionally, you may evaluate how the addition of Covestro to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Covestro's value and its price as these two are different measures arrived at by different means. Investors typically determine if Covestro is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Covestro's 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.