COVIDH Stock Performance

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The firm shows a Beta (market volatility) of 0.0, which signifies not very significant volatility relative to the market. Let's try to break down what COVIDH's beta means in this case. the returns on MARKET and COVIDH are completely uncorrelated. Although it is extremely important to respect COVIDH historical returns, it is better to be realistic regarding the information on equity current trending patterns. The approach towards foreseeing future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By analyzing COVIDH technical indicators, you can now evaluate if the expected return of 0.0% will be sustainable into the future. COVIDH currently shows a risk of 0.0%. Please confirm COVIDH information ratio, value at risk, as well as the relationship between the Value At Risk and expected short fall to decide if COVIDH will be following its price patterns.

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COVIDH Risk-Adjusted Performance

Over the last 30 days COVIDH has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, COVIDH is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.
Quick Ratio1.66
Fifty Two Week Low0.5300
Fifty Two Week High0.9300

COVIDH Relative Risk vs. Return Landscape

If you would invest (100.00)  in COVIDH on June 3, 2020 and sell it today you would earn a total of  100.00  from holding COVIDH or generate -100.0% return on investment over 30 days. COVIDH is generating negative expected returns and assumes 0.0% volatility on return distribution over the 30 days horizon. Simply put, 0% of equities are less volatile than COVIDH and 99% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
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      Risk (%) 

COVIDH Market Risk Analysis

Sharpe Ratio = 0.0
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COVIDH
Based on monthly moving average COVIDH is performing at about 0% of its full potential. 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 COVIDH by adding it to a well-diversified portfolio.

COVIDH Alerts

Equity Alerts and Improvement Suggestions

COVIDH is not yet fully synchronised with the market data
COVIDH has some characteristics of a very speculative penny stock
COVIDH has high likelihood to experience some financial distress in the next 2 years
N/A has accumulated about 21.71 M in cash with (6.52 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.05.
Check out Trending Equities. Please also try Transaction History module to view history of all your transactions and understand their impact on performance.
Macroaxis is not a registered investment advisor or broker/dealer. All investments, including stocks, funds, ETFs, or cryptocurrencies, are speculative and involve substantial risk of loss. We encourage our investors to invest carefully. Much of our information is derived directly from data published by companies or submitted to governmental agencies which we believe are reliable, but are without our independent verification. Therefore, we cannot assure you that the information is accurate or complete. We do not in any way warrant or guarantee the success of any action you take in reliance on our statements or recommendations. Also, note that past performance is not necessarily indicative of future results. All investments carry risk, and all investment decisions of an individual remain the responsibility of that individual. There is no guarantee that systems, indicators, or signals will result in profits or that they will not result in losses. All investors are advised to fully understand all risks associated with any investing they choose to do. Hypothetical or simulated performance is not indicative of future results. We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown because hypothetical or simulated performance is not necessarily indicative of future results. For more information please visit our terms and condition page