Covered warrant: Signs of negative sentiment appear

Over the past week, the covered warrant market showed signs of stagnation: although liquidity improved slightly, the majority of warrants still posted losses. This indicates that cautious sentiment continues to dominate, implying that short-term risks remain present. 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.