Codere Online Corp Stock Probability of Future Stock Price Finishing Under 7.75
| CDRO Stock | USD 7.52 0.20 2.59% |
Codere |
Codere Online Target Price Odds to finish below 7.75
The tendency of Codere Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay under $ 7.75 after 90 days |
| 7.52 | 90 days | 7.75 | about 27.2 |
Based on a normal probability distribution, the odds of Codere Online to stay under $ 7.75 after 90 days from now is about 27.2 (This Codere Online Corp probability density function shows the probability of Codere Stock to fall within a particular range of prices over 90 days) . Probability of Codere Online Corp price to stay between its current price of $ 7.52 and $ 7.75 at the end of the 90-day period is about 16.99 .
Given the investment horizon of 90 days Codere Online has a beta of 0.28 suggesting as returns on the market go up, Codere Online average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Codere Online Corp will be expected to be much smaller as well. Additionally Codere Online Corp has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Codere Online Price Density |
| Price |
Predictive Modules for Codere Online
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Codere Online Corp. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Codere Online Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Codere Online is not an exception. The market had few large corrections towards the Codere Online's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Codere Online Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Codere Online within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.08 | |
β | Beta against Dow Jones | 0.28 | |
σ | Overall volatility | 0.35 | |
Ir | Information ratio | -0.07 |
Codere Online Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Codere Online for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Codere Online Corp can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Codere Online Corp generated a negative expected return over the last 90 days | |
| The company reported the previous year's revenue of 115.75 M. Net Loss for the year was (43.41 M) with profit before overhead, payroll, taxes, and interest of 73.17 M. | |
| Codere Online Corp currently holds about 84.52 M in cash with (42.36 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.87. | |
| Codere Online Corp has a poor financial position based on the latest SEC disclosures | |
| Roughly 68.0% of the company shares are held by company insiders | |
| Latest headline from thelincolnianonline.com: Codere Online Luxembourg, S.A. Stock Position Decreased by Bamco Inc. NY |
Codere Online Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Codere Stock often depends not only on the future outlook of the current and potential Codere Online's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Codere Online's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 45.1 M | |
| Cash And Short Term Investments | 60.6 M |
Codere Online Technical Analysis
Codere Online's future price can be derived by breaking down and analyzing its technical indicators over time. Codere Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Codere Online Corp. In general, you should focus on analyzing Codere Stock price patterns and their correlations with different microeconomic environments and drivers.
Codere Online Predictive Forecast Models
Codere Online's time-series forecasting models is one of many Codere Online's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Codere Online's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Codere Online Corp
Checking the ongoing alerts about Codere Online for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Codere Online Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Codere Online Corp generated a negative expected return over the last 90 days | |
| The company reported the previous year's revenue of 115.75 M. Net Loss for the year was (43.41 M) with profit before overhead, payroll, taxes, and interest of 73.17 M. | |
| Codere Online Corp currently holds about 84.52 M in cash with (42.36 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.87. | |
| Codere Online Corp has a poor financial position based on the latest SEC disclosures | |
| Roughly 68.0% of the company shares are held by company insiders | |
| Latest headline from thelincolnianonline.com: Codere Online Luxembourg, S.A. Stock Position Decreased by Bamco Inc. NY |
Check out Codere Online Backtesting, Codere Online Valuation, Codere Online Correlation, Codere Online Hype Analysis, Codere Online Volatility, Codere Online History as well as Codere Online Performance. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Is Hotels, Restaurants & Leisure space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Codere Online. If investors know Codere will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Codere Online listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.71) | Revenue Per Share 3.083 | Quarterly Revenue Growth 0.456 | Return On Assets (0.32) | Return On Equity (0.82) |
The market value of Codere Online Corp is measured differently than its book value, which is the value of Codere that is recorded on the company's balance sheet. Investors also form their own opinion of Codere Online's value that differs from its market value or its book value, called intrinsic value, which is Codere Online's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Codere Online's market value can be influenced by many factors that don't directly affect Codere Online's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Codere Online's value and its price as these two are different measures arrived at by different means. Investors typically determine if Codere Online is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Codere Online's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.