On the surface it all seems healthy enough.
Wolves have a game in hand and can conceivably stretch their lead over fourth-placed Preston North End to as many as seven points tomorrow night.
They have still to concede a goal in the first half, which passes an accurate comment on their sturdy defending.
Having returned a perfectly acceptable 26 points from 11 games, they remain tucked on the shoulders of pace-setters Leyton Orient and Peterborough, seemingly ready to strike for home like a champion distance runner.
Compared to the angry miseries of recent seasons, there really isn’t too much to complain about.
Except that’s not quite what it’s like down on the track.
This is a campaign in which Kenny Jackett’s team are anxious to give supporters something more to talk about than a charge towards League One promotion.
They are eager to show the beginnings of a new era, partly forged on home-reared players, an era which in spirit and quality will banish the bad taste of the last couple of years and point to a developing football style.
That may still come.
But a common feature of this first quarter of the campaign is Wolves fans departing Molineux discussing how well the opposition played and Saturday was no exception with few disputing the merit of Coventry’s point.
Mid-way through the second-half, with the stadium bouncing to Leigh Griffiths’ 68th minute goal, Wolves appeared to have their opponents at their mercy.
It had been hard work getting them there because Coventry, a team fortified by their own adversity and some young players who have seized the opportunity it has presented, had been organised and tenacious protecting their lines.
But pushed back with increasing momentum by Wolves, they failed to deal clinically enough with a set-piece and prevent the ‘seconds’ landing at the feet of Griffiths; their resistance snapped and an absorbing derby seemed to have moved decisively in the home team’s favour.
And yet by the time the game finished, not only had Coventry claimed their equaliser but reversed the momentum.
Perhaps both teams were happy to hear the final whistle but the jubilation from Coventry’s following, and the sense of anti-climax for Wolves, provided an accurate summary of the day’s events.
Wolves, thwarted, frustrated and still hindered by their inability to control games more thoroughly; Coventry celebrating a more warming performance from their sub-zero start.
In a game not short of sub-plots, it is this continuing failure by Wolves to assert authority, of the ball and through that the opposition, which is eluding Jackett and fanning the speculation about a possible way back for a certain highly-paid but heavily-compromised midfielder already on the books.
It may certainly explain why there has been a significant softening in the resistance to Jamie O’Hara making a first team return, as indicated by this newspaper’s latest poll which showed a 55 per cent ‘Yes’ vote from more than 4,000 clicks.
Even two tiers down from where the cursed and scolded O’Hara was originally recruited, Wolves still do not look after the ball well enough.
In O’Hara’s absence, Jackett’s midfield combinations have been various but, from the high point of his initial impact, Kevin McDonald’s game has drifted and youngsters Jack Price – who had to be substituted before the break because of vision problems – David Davis and Lee Evans have still to deposit the kind of impression 22-year-old John Fleck, for example, made for the visitors.
Whether it is a question of blend, personnel and shape, or a combination of all three, is still for Jackett to resolve as is the issue of Bakary Sako, re-introduced after a second bout of Forestitis.
The Frenchman remains the archetypal maverick.
In one sublime cushioned pass to Kevin Doyle in the first-half, triggering a move which eventually saw Griffiths blasting a decent chance too high at the far post, supporters saw the qualities which made the club’s resistance to his sale so popular.
In another passage, an exciting, diagonal cut across Coventry’s midfield as Wolves broke on the counter-attack had Molineux’s volume rising in anticipation.
But Sako’s hankering for the ball at his feet made him delay his pass to the screaming Griffiths free to his right; by the time it arrived, the Scot’s natural acceleration had taken him a fraction offside.
Erratic to the last, that perhaps summed up Sako’s day although it was the surprise ferocity of his free-kick which created the confusion out of which the Griffiths goal arrived.
The Sako equation remains elusive and uncertain however – the potential for game-winning contribution against a transfer value which right now might be at its peak. January will surely provide the answer one way or another.
Thankfully, the soft touches of Leon Clarke alongside the dangerously pacy Callum Wilson were well handled by Danny Batth and Sam Ricketts which meant the returning Clarke was unable to join that long list of goalscoring old boys from recent years – Keane, Andrews, Keogh, Davies and Guedioura.
But among the new boys striving to establish themselves at Molineux, there was a big step forward by Jackett’s latest recruit James Henry, who looks an increasingly capable contributor from his wide midfield berth and who set the tone for Wolves’ best phase of the game, the second half’s opening 20 minutes, with a rising drive Joe Murphy only just reached.
Behind him, Matt Doherty just keeps coming forward in a relentless determination to prise open cracks and in a manner which has made him such a prominent figure in these early weeks.
Significantly, it was this feature of his game which played its role in the Griffiths goal – forcing the free-kick from a cautioned Jordan Clarke which would be the undoing of Coventry.
It seemed likely to settle a tight contest and perhaps a more mature, more street-wise, Wolves would have made it so.
But the certainty of the football which had nudged Wolves in front melted away when Coventry began to press for their equaliser which arrived when Clarke wrong-footed Batth and Co by allowing a Wilson cross to reach Aaron Phillips at the far post.
It takes something special to beat Carl Ikeme at the moment and, to be fair to the Coventry defender, his rasping, angled drive was precisely that.
Phillips also threw in a rugby tackle on Sako but a much more legitimate covering interception on Bjorn Sigurdarson snuffed out Wolves’ last chance.
The best of the exciting late flurries, however, fell to Coventry’s Andy Webster who blazed wide from an open scoring chance leaving Wolves to accept a point was all they had warranted.