Covered warrant: Liquidity cooled down

During the week, the covered warrant market showed signs of stagnation as trading inflows softened. Nevertheless, a positive signal remained as the number of rising warrants continued to outnumber the declining ones. According to valuations based on the Black-Scholes model, several CWs are currently undervalued, with CVHM2515, CVPB2521, and CVPB2522 being the most notable examples. In contrast, CVHM2520, CVRE2521, and CVHM2519 were assessed to be overvalued, based on a total sample of 259 listed CWs.