COV Profile

COV
 Crypto
  

 0.17  0.01  6.25%   

Market Performance
0 of 100
Odds Of Distress
Over 79
COV is trading at 0.17 as of the 9th of December 2022, a 6.25 percent up since the beginning of the trading day. COV has a very high chance of experiencing financial distress in the next few years of operation. It has also generated negative returns for investors over the last 90 days. Cryptocurrency ratings for COV are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 14th of December 2021 and ending today, the 9th of December 2022. Click here to learn more.
COV is peer-to-peer digital currency powered by the Blockchain technology. More on COV
COV is a market place for p-2-p internet money called Cryptocurrency. COV has been active in the last 3 months, and it is now expressing a bullish sentiment. Cryptocurrencies such as COV are digital assets that allow for secure payments and are represented by ledger entries internal to the system, generally referred to as a blockchain. Blockchain implementations use encryption algorithms and cryptographic techniques that safeguard entries in the ledger. Cryptocurrency assets such as COV are becoming very popular among investors and have been praised for their portability, inflation resistance, and transparency. However, they face a lot of criticism, including lack of tax regulations, exchange rate volatility, and infrastructure vulnerabilities.

COV Crypto Coin Highlights

Most cryptocurrency investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend or investor sentiment. COV's investment highlights are automatically generated signals that are significant enough to complement your investing judgment regarding COV or challenge it. These highlights can help you better understand the crypto position you are entering and avoid costly mistakes.
COV generated a negative expected return over the last 90 days
COV has high historical volatility and very poor performance
COV has some characteristics of a very speculative cryptocurrency
COV is one of many evolving digital currencies in which encryption is used to regulate the generation of units of currency and verify the transactions independently of a central authority. It is traded on 4 exchanges in multiple currencies. The Covesting platform was conceived to help investors and cryptocurrency traders getting in touch with each other. Investors can browse through dozens of trading strategies, provided by professional asset managers, and subscribe to the ones matching their goals.Thanks to technology-based solutions and smart-contracts, the Covesting platform allows its users to replicate trading activity of a chosen Model directly into their segregated account at Covesting.The COVESTING Token is an ERC20 utility token built on Ethereum blockchain, designed to be used by members within the COVESTING platform. Thus, demand for (COV) correlates with the trading volume and activity on the platform.COV token is not available in the United States or other jurisdictions where transactions in such ERC-20 tokens/cryptocurrencies as COV is prohibited by lawDue to a Kucoin hack, Covesting performed a token swap. From 7/10/2020 all addresses holding the $COV token received new tokens. Starting from 7:00am UTC and until the process completion notice all token holders were advised not to move their tokens.
SymbolCOV
Technology Adoption RatingD-
Market Performance RatingC-
NameCOV
Sponsoredfalse
Built OnETH
Decimal Points18.0
Is Tradingtrue
Asset Launch Date2017-10-15
Full NameCovesting (COV)
Asset Website Urlhttps://covesting.io/
Asset Token StatusFinished
Platform Typetoken
Coin NameCovesting
Total Coins Mined18.77 Million
Smart Contract AddressView
COV (COV) is traded on CRYPTO Exchanges. COV is peer-to-peer digital currency powered by the Blockchain technology.

COV's Exchanges and Markets

HitBTC Yobit IDEX Kucoin

COV Target Price Odds Analysis

What are COV's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of COV jumping above the current price in 90 days from now is about 85.12%. The COV probability density function shows the probability of COV crypto coin to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon COV has a beta of 0.5096 suggesting as returns on the market go up, COV average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding COV will be expected to be much smaller as well. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. COV is significantly underperforming NYSE Composite.
  Odds Below 0.17HorizonTargetOdds Above 0.17
14.82%90 days
 0.17 
85.12%
Based on a normal probability distribution, the odds of COV to move above the current price in 90 days from now is about 85.12 (This COV probability density function shows the probability of COV Crypto Coin to fall within a particular range of prices over 90 days) .

COV Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. COV market risk premium is the additional return an investor will receive from holding COV 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 COV. 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 COV's alpha and beta are two of the key measurements used to evaluate COV's performance over the market, the standard measures of volatility play an important role as well.

COV Technical Analysis

When it comes to investing in cryptocurrency, such as COV, the assumption holds that everything in the market that could affect the price of crypto is already reflected. Therefore, the price of COV, which is currently traded at 0.17, shows everything you need to know about COV market value. You don't have to consider the fundamental factors that affect a crypto asset, such as COV, to determine its price movements. However, the COV's price action will always exhibit trends, even in random market movements, regardless of the timeframe you use - so COV's future price movement is more likely to follow an established trend and the cryptocurrency technical analysis is one of the ways to project COV's future price trend
Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. COV Inverse Tangent Over Price Movement function is an inverse trigonometric method to describe COV price patterns.
.

COV Against Markets

Picking the right benchmark for COV crypto coin 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 COV crypto coin 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 COV is critical whether you are bullish or bearish towards COV at a given time.

Be your own crypto manager

Our tools can tell you how much better you can do entering a position in COV without increasing your portfolio risk or giving up the expected return. As an individual cryptocurrency investor, you need to find a reliable way to track the performance of all your tokens in a consistent way. 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 cryptocurrency portfolio.

Did you try this?

Run Sync Your Broker Now

   

Sync Your Broker

Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors.
All  Next Launch Module

How to invest in COV

You need to understand the risk of getting into digital currencies such as COV before investing. The dangers of trading cryptocurrencies are mainly related to their volatility. They are high-risk, speculative, susceptible to errors and hacking, mostly unregulated, and can be affected by forks or other discontinuation events. As an investor, you must understand these perils before you start trading. You can get a long position in COV in four ways:

Buy COV through an exchange

Get yourself a crypto wallet before embarking on your COV journey. Crypto wallets exist as desktop applications, mobile apps, or websites, allowing you to secure your tokens or digital coins. Your crypto wallet stores the private keys to your tokens on the blockchain. Once you have a wallet, visit a reputable exchange and sign up for an account. You will need to complete the KYC process to be allowed to purchase COV. But before you can buy the tokens, you have to provide a photo of your ID and proof of address, as well as a selfie. The platform will also require you to secure your account with 2FA before you can fund your account and buy the digital coins.

Purchase fractions of COV through an exchange

You don't have to buy a full token when starting out since COV is divisible by several decimal places. This allows you to purchase tiny fractions worth cents, but because of network fees, most platforms have a minimum figure, such as $10. You can then build your portfolio with time as you gain more confidence and learn the ropes of crypto trading.

Trade COV through a broker

If you don't want to store your COV Crypto Coin yourself for one reason or another, you can still trade through a broker. Brokers hold your tokens and trade frequently to generate profits. In addition, many brokerage platforms offer derivative products, such as contracts for difference, that enable you to speculate on price movements. Such products also allow brokers to accommodate leverage trading, potentially multiplying your profits.

Invest in COV through an exchange-traded fund (ETF)

You can also invest in COV through an exchange-traded fund (ETF). This instrument helps track an asset or select assets. You can buy and sell them on stock exchanges, making them the best option for an average investor. Some ETFs may comprise several coins to spread risk across a portfolio. Such ETFs are created and controlled by picking a basket with several coins, while favoring those that have performed well in the recent past.

Investing Ideas

In addition to having COV 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.

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Thematic Ideas
Explore Investing Ideas  
Continue to Trending Equities. You can also try Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.

Other Tools for COV Crypto Coin

When running COV price analysis, check to measure COV's coin volatility and technical momentum indicators. We have many different tools that can be utilized to determine how healthy COV is operating at the current time. Most of COV's value examination focuses on studying past and present price actions to predict the probability of COV's future price movements. You can analyze the coin against its peers and the financial market as a whole to determine factors that move COV's coin price. Additionally, you may evaluate how adding COV to your portfolios can decrease your overall portfolio volatility.
Efficient Frontier
Plot and analyze your portfolio and positions against risk-return landscape of the market.
Go
Portfolio Rebalancing
Analyze risk-adjusted returns against different time horizons to find asset-allocation targets
Go
Watchlist Optimization
Optimize watchlists to build efficient portfolio or rebalance existing positions based on mean-variance optimization algorithm
Go
Correlation Analysis
Reduce portfolio risk simply by holding instruments which are not perfectly correlated
Go
Competition Analyzer
Analyze and compare many basic indicators for a group of related or unrelated entities
Go
Technical Analysis
Check basic technical indicators and analysis based on most latest market data
Go
Money Managers
Screen money managers from public funds and ETFs managed around the world
Go
Positions Ratings
Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance
Go
Aroon Oscillator
Analyze current equity momentum using Aroon Oscillator and other momentum ratios
Go
Stock Screener
Find equities using custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook.
Go
Fund Screener
Find actively-traded funds from around the world traded on over 30 global exchanges
Go
Earnings Calls
Check upcoming earnings announcements updated hourly across public exchanges
Go