Covestro (Germany) Price on April 4, 2024
If you're considering investing in Covestro Stock, it is important to understand the factors that can impact its price. Covestro AG secures Sharpe Ratio (or Efficiency) of -0.0057, which signifies that the company had a -0.0057% return per unit of risk over the last 3 months. Covestro AG exposes zero different technical indicators, which can help you to evaluate volatility embedded in its price movement.
Covestro Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Covestro |
Sharpe Ratio = 0.0
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Based on monthly moving average Covestro 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 Covestro by adding Covestro to a well-diversified portfolio.
Covestro Valuation on April 4, 2024
It is possible to determine the worth of Covestro on a given historical date. On April 4, 2024 Covestro was worth 51.2 at the beginning of the trading date compared to the closed value of 51.14. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Covestro stock. Still, in general, we apply an absolute valuation method to find Covestro's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Covestro where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Covestro's related companies.
| Open | High | Low | Close | Volume | |
| 50.30 | 51.38 | 50.30 | 51.14 | 325.00 | |
04/04/2024 | 51.20 | 51.76 | 51.14 | 51.14 | 1,565 |
| 51.10 | 51.52 | 50.96 | 50.96 | 680.00 |
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Covestro Trading Date Momentum on April 4, 2024
| On April 05 2024 Covestro AG was traded for 50.96 at the closing time. The maximum traded price for the trading interval was 51.52 and the lowest daily price was 50.96 . The daily volume was recorded at 680. The volume of trading on 5th of April 2024 played a part in the next trading day price drop. The daily price change to the next closing price was 0.35% . The overall trading delta to the closing price today is 2.89% . |
Covestro AG Fundamentals Correlations and Trends
By evaluating Covestro's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Covestro's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Covestro financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Covestro Stock history
Covestro investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Covestro is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Covestro AG will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Covestro stock prices may prove useful in developing a viable investing in Covestro
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. It employs 17136 people.
Covestro Stock Technical Analysis
Covestro technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Covestro Period Price Range
Low | April 4, 2024
| High |
51.20 | 51.14 |
Covestro May 3, 2024 Market Strength
Market strength indicators help investors to evaluate how Covestro stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Covestro shares will generate the highest return on investment. By undertsting and applying Covestro stock market strength indicators, traders can identify Covestro AG entry and exit signals to maximize returns
Covestro Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Covestro's price direction in advance. Along with the technical and fundamental analysis of Covestro Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Covestro to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0015 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | (0.06) |
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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 Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Complementary Tools for Covestro Stock analysis
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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