Covered warrant: Liquidity increased again

During the past week, the covered warrant market showed signs of improvement as liquidity picked up significantly. In addition, the participation of fresh capital together with the increase in the number of listed CWs created a supportive consensus. According to valuations based on the Black-Scholes model, several CWs are currently undervalued, with CVHM2515, CVHM2508, and CVRE2515. 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.