Codere Online Corp Stock Market Value
| CDRO Stock | USD 7.60 0.23 2.94% |
| Symbol | Codere |
Codere Online Corp Price To Book Ratio
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.
Codere Online 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Codere Online's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Codere Online.
| 06/01/2024 |
| 11/28/2024 |
If you would invest 0.00 in Codere Online on June 1, 2024 and sell it all today you would earn a total of 0.00 from holding Codere Online Corp or generate 0.0% return on investment in Codere Online over 180 days. Codere Online is related to or competes with Accel Entertainment, PlayAGS, Gambling, Canterbury Park, Light Wonder, Everi Holdings, and Inspired Entertainment. Codere Online Luxembourg, S.A. operates as an online casino gaming and sports betting company More
Codere Online Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Codere Online's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Codere Online Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 15.12 | |||
| Value At Risk | (2.14) | |||
| Potential Upside | 3.69 |
Codere Online Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Codere Online's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Codere Online's standard deviation. In reality, there are many statistical measures that can use Codere Online historical prices to predict the future Codere Online's volatility.| Risk Adjusted Performance | 8.0E-4 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.33) | |||
| Treynor Ratio | (0.13) |
Codere Online Corp Backtested Returns
As of now, Codere Stock is somewhat reliable. Codere Online Corp secures Sharpe Ratio (or Efficiency) of 0.0142, which signifies that the company had a 0.0142% return per unit of standard deviation over the last 3 months. We have found twenty-three technical indicators for Codere Online Corp, which you can use to evaluate the volatility of the firm. Please confirm Codere Online's mean deviation of 1.38, and Risk Adjusted Performance of 8.0E-4 to double-check if the risk estimate we provide is consistent with the expected return of 0.0295%. Codere Online has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.19, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Codere Online's returns are expected to increase less than the market. However, during the bear market, the loss of holding Codere Online is expected to be smaller as well. Codere Online Corp right now shows a risk of 2.08%. Please confirm Codere Online Corp total risk alpha, as well as the relationship between the skewness and day median price , to decide if Codere Online Corp will be following its price patterns.
Auto-correlation | 0.19 |
Very weak predictability
Codere Online Corp has very weak predictability. Overlapping area represents the amount of predictability between Codere Online time series from 1st of June 2024 to 30th of August 2024 and 30th of August 2024 to 28th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Codere Online Corp price movement. The serial correlation of 0.19 indicates that over 19.0% of current Codere Online price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | -0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
Codere Online Corp lagged returns against current returns
Autocorrelation, which is Codere Online stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Codere Online's stock expected returns. We can calculate the autocorrelation of Codere Online returns to help us make a trade decision. For example, suppose you find that Codere Online has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Codere Online regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Codere Online stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Codere Online stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Codere Online stock over time.
Current vs Lagged Prices |
| Timeline |
Codere Online Lagged Returns
When evaluating Codere Online's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Codere Online stock have on its future price. Codere Online autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Codere Online autocorrelation shows the relationship between Codere Online stock current value and its past values and can show if there is a momentum factor associated with investing in Codere Online Corp.
Regressed Prices |
| Timeline |
When determining whether Codere Online Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Codere Online's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Codere Online Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Codere Online Corp Stock:
Check out Codere Online Correlation, Codere Online Volatility and Codere Online Alpha and Beta module to complement your research on Codere Online. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Codere Online technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.