Covenant Net Cash Flow from Operations from 2010 to 2024
| CVLG Stock | USD 44.16 0.06 0.14% |
Check Covenant Logistics financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Covenant main balance sheet or income statement drivers, such as Depreciation And Amortization of 39.1 M, Interest Expense of 6.7 M or Selling General Administrative of 115.4 M, as well as many exotic indicators such as Price To Sales Ratio of 0.5, Dividend Yield of 0.0091 or PTB Ratio of 1.53. Covenant financial statements analysis is a perfect complement when working with Covenant Logistics Valuation or Volatility modules.
Covenant | Net Cash Flow from Operations |
About Covenant Logistics Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Covenant Logistics income statement, its balance sheet, and the statement of cash flows. Covenant Logistics investors use historical funamental indicators, such as Covenant Logistics's Net Cash Flow from Operations, to determine how well the company is positioned to perform in the future. Although Covenant Logistics investors may use each financial statement separately, they are all related. The changes in Covenant Logistics's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Covenant Logistics's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Covenant Logistics Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Covenant Logistics. Please read more on our technical analysis and fundamental analysis pages.
Covenant Logistics Group, Inc., together with its subsidiaries, provides transportation and logistics services in the United States. Covenant Logistics Group, Inc. was founded in 1986 and is based in Chattanooga, Tennessee. Covenant Logistics operates under Trucking classification in the United States and is traded on NASDAQ Exchange. It employs 3000 people.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Covenant Logistics in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Covenant Logistics' short interest history, or implied volatility extrapolated from Covenant Logistics options trading.
Pair Trading with Covenant Logistics
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 Covenant Logistics 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 Covenant Logistics will appreciate offsetting losses from the drop in the long position's value.Moving together with Covenant Stock
| 0.69 | HA | Hawaiian Holdings | PairCorr |
Moving against Covenant Stock
| 0.68 | SKYW | SkyWest Earnings Call Today | PairCorr |
| 0.54 | ALK | Alaska Air Group Financial Report 23rd of July 2024 | PairCorr |
| 0.52 | TFII | TFI International Earnings Call Tomorrow | PairCorr |
| 0.5 | CPA | Copa Holdings SA Financial Report 8th of May 2024 | PairCorr |
| 0.47 | CP | Canadian Pacific Railway Downward Rally | PairCorr |
The ability to find closely correlated positions to Covenant Logistics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Covenant Logistics 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 Covenant Logistics - 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 Covenant Logistics Group to buy it.
The correlation of Covenant Logistics 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 Covenant Logistics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Covenant Logistics 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 Covenant Logistics 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.Check out the analysis of Covenant Logistics Correlation against competitors. You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Complementary Tools for Covenant Stock analysis
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 0.122 | Dividend Share 0.44 | Earnings Share 3.95 | Revenue Per Share 84.578 | Quarterly Revenue Growth (0.07) |
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.