Codere Online Correlations
| CDROW Stock | USD 0.70 0.01 1.45% |
The current 90-days correlation between Codere Online Luxembourg and Codere Online Corp is 0.06 (i.e., Significant diversification). The correlation of Codere Online is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.
Codere Online Correlation With Market
Good diversification
The correlation between Codere Online Luxembourg and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Codere Online Luxembourg and DJI in the same portfolio, assuming nothing else is changed.
Codere |
Moving against Codere Stock
Related Correlations Analysis
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Codere Stock performing well and Codere Online Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Codere Online's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CDRO | 2.35 | 0.05 | 0.02 | 0.04 | 2.75 | 4.62 | 20.10 | |||
| BZFDW | 9.71 | (0.87) | 0.00 | 2.22 | 0.00 | 22.54 | 56.52 | |||
| EQRXW | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CPTNW | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CELUW | 17.01 | 5.38 | 0.34 | 1.55 | 11.59 | 40.59 | 303.04 |
Codere Online Corporate Management
| Matan Shemesh | Chief Strategy | Profile | |
| Yaiza Rodriguez | General Board | Profile | |
| Moshe Edree | Executive Board | Profile | |
| Gonzalo Osma | Chief Officer | Profile | |
| Oscar Iglesias | Chief Officer | Profile | |
| Alberto Telias | Chief Officer | Profile |