Covetrus Buy Hold or Sell Recommendation
| CVETDelisted Stock | USD 20.99 0.00 0.00% |
Given the investment horizon of 90 days and your above-average risk tolerance, our recommendation regarding Covetrus is 'Not Rated'. Macroaxis provides Covetrus buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding Covetrus positions. The advice algorithm takes into account all of Covetrus' available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Covetrus' buy or sell advice are summarized below:
Real Value 17.79 | Hype Value 20.99 | Market Value 20.99 | Naive Value 21.04 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Covetrus given historical horizon and risk tolerance towards Covetrus. When Macroaxis issues a 'buy' or 'sell' recommendation for Covetrus, the advice is generated through an automated system that utilizes algorithms and statistical models.
Covetrus |
Execute Covetrus Buy or Sell Advice
The Covetrus recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Covetrus. Macroaxis does not own or have any residual interests in Covetrus or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Covetrus' advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Not Rated
Covetrus Trading Alerts and Improvement Suggestions
| Covetrus is not yet fully synchronised with the market data | |
| Covetrus has a very high chance of going through financial distress in the upcoming years | |
| The company reported the previous year's revenue of 4.65 B. Net Loss for the year was (13 M) with profit before overhead, payroll, taxes, and interest of 858 M. | |
| Over 95.0% of the company shares are held by institutions such as insurance companies |
Covetrus current analysts advice
We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Covetrus analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Covetrus analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
| Target Mean Price | 22.00 | |
| Target Median Price | 22.00 | |
| Target High Price | 22.00 | |
| Recommendation Mean | 3.00 | |
| Number Of Analyst Opinions | 1 | |
| Target Low Price | 22.00 |
The consensus estimates and target price estimation comprises individual analyst assessments, and may or may not mutch the Macroaxis buy or sell advice. It is determined by taking an average of all analyst recommendations and classifying them as Strong Buy, Buy, Hold, or Sell.
Covetrus Returns Distribution Density
The distribution of Covetrus' historical returns is an attempt to chart the uncertainty of Covetrus' future price movements. The chart of the probability distribution of Covetrus daily returns describes the distribution of returns around its average expected value. We use Covetrus price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Covetrus returns is essential to provide solid investment advice for Covetrus.
| Mean Return | 0.02 | Value At Risk | -0.19 | Potential Upside | 0.29 | Standard Deviation | 0.14 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Covetrus historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Covetrus Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Covetrus . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Covetrus Buy or Sell Advice
When is the right time to buy or sell Covetrus? Buying financial instruments such as Covetrus Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
Use Investing Ideas to Build Portfolios
In addition to having Covetrus in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Corona Opportunity Thematic Idea Now
Corona Opportunity
Firms that are involved in some capacity in making products or providing services to the public to buttle the virus directly or indirectly. This also includes some defencive and contrarian stocks and ETFs that are managing to avoid the big market correction coused by coronavirus. The Corona Opportunity theme has 46 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Corona Opportunity Theme or any other thematic opportunities.
| View All Next | Launch |
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. Note that the Covetrus information on this page should be used as a complementary analysis to other Covetrus' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Other Consideration for investing in Covetrus Stock
If you are still planning to invest in Covetrus check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Covetrus' history and understand the potential risks before investing.
| AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities | |
| Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
| Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
| Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios | |
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets |