Codere Intangible Assets vs Net Tangible Assets Analysis

CDRO Stock  USD 8.26  0.14  1.67%   
Codere Online financial indicator trend analysis is way more than just evaluating Codere Online Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Codere Online Corp is a good investment. Please check the relationship between Codere Online Intangible Assets and its Net Tangible Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Codere Online Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Intangible Assets vs Net Tangible Assets

Intangible Assets vs Net Tangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Codere Online Corp Intangible Assets account and Net Tangible Assets. At this time, the significance of the direction appears to have pay attention.
The correlation between Codere Online's Intangible Assets and Net Tangible Assets is -0.92. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Codere Online Corp, assuming nothing else is changed. The correlation between historical values of Codere Online's Intangible Assets and Net Tangible Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Intangible Assets of Codere Online Corp are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Intangible Assets i.e., Codere Online's Intangible Assets and Net Tangible Assets go up and down completely randomly.

Correlation Coefficient

-0.92
Relationship DirectionNegative 
Relationship StrengthSignificant

Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.
Most indicators from Codere Online's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Codere Online Corp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Codere Online Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
At this time, Codere Online's Tax Provision is very stable compared to the past year. As of the 2nd of August 2025, Sales General And Administrative To Revenue is likely to grow to 0.55, while Selling General Administrative is likely to drop about 75 M.
 2022 2023 2024 2025 (projected)
Depreciation And Amortization556K388K349.2K595.7K
Interest Income25.1M1.8M603K572.9K

Codere Online fundamental ratios Correlations

-0.880.82-0.020.980.430.69-0.950.770.950.34-0.870.96-0.630.250.59-0.80.50.88-0.670.88-0.840.990.95-0.84-0.77
-0.88-0.880.0-0.92-0.61-0.870.95-0.83-0.88-0.530.96-0.910.81-0.32-0.750.89-0.69-0.980.8-0.620.98-0.85-0.820.980.89
0.82-0.880.180.780.680.76-0.850.880.810.53-0.780.87-0.81-0.020.89-0.690.610.94-0.480.48-0.910.780.7-0.91-0.94
-0.020.00.18-0.150.29-0.260.150.47-0.210.51-0.03-0.140.18-0.30.42-0.060.390.140.49-0.30.02-0.08-0.30.0-0.17
0.98-0.920.78-0.150.450.75-0.970.70.950.34-0.920.95-0.670.370.54-0.840.530.89-0.820.88-0.880.970.97-0.87-0.75
0.43-0.610.680.290.450.42-0.440.520.350.89-0.580.44-0.450.050.73-0.380.850.69-0.370.16-0.630.360.28-0.62-0.62
0.69-0.870.76-0.260.750.42-0.810.640.730.37-0.810.78-0.810.430.71-0.810.540.79-0.760.43-0.860.650.68-0.86-0.74
-0.950.95-0.850.15-0.97-0.44-0.81-0.77-0.98-0.30.88-0.980.82-0.21-0.610.81-0.48-0.930.78-0.780.94-0.95-0.940.940.87
0.77-0.830.880.470.70.520.64-0.770.710.57-0.760.77-0.69-0.020.87-0.750.660.89-0.350.39-0.840.720.58-0.85-0.9
0.95-0.880.81-0.210.950.350.73-0.980.710.18-0.80.99-0.790.120.52-0.710.350.87-0.730.83-0.880.960.97-0.88-0.82
0.34-0.530.530.510.340.890.37-0.30.570.18-0.560.3-0.280.180.75-0.450.970.59-0.250.03-0.510.240.12-0.52-0.5
-0.870.96-0.78-0.03-0.92-0.58-0.810.88-0.76-0.8-0.56-0.820.62-0.53-0.670.96-0.73-0.910.82-0.670.89-0.84-0.80.890.74
0.96-0.910.87-0.140.950.440.78-0.980.770.990.3-0.82-0.810.120.64-0.740.450.9-0.690.79-0.910.950.94-0.91-0.86
-0.630.81-0.810.18-0.67-0.45-0.810.82-0.69-0.79-0.280.62-0.810.11-0.670.54-0.39-0.810.6-0.340.9-0.62-0.640.90.91
0.25-0.32-0.02-0.30.370.050.43-0.21-0.020.120.18-0.530.120.110.0-0.620.340.15-0.620.35-0.160.220.28-0.160.13
0.59-0.750.890.420.540.730.71-0.610.870.520.75-0.670.64-0.670.0-0.620.770.81-0.270.15-0.780.50.38-0.78-0.83
-0.80.89-0.69-0.06-0.84-0.38-0.810.81-0.75-0.71-0.450.96-0.740.54-0.62-0.62-0.65-0.820.75-0.590.8-0.76-0.720.810.65
0.5-0.690.610.390.530.850.54-0.480.660.350.97-0.730.45-0.390.340.77-0.650.72-0.450.21-0.650.410.31-0.66-0.58
0.88-0.980.940.140.890.690.79-0.930.890.870.59-0.910.9-0.810.150.81-0.820.72-0.680.58-0.980.850.78-0.98-0.94
-0.670.8-0.480.49-0.82-0.37-0.760.78-0.35-0.73-0.250.82-0.690.6-0.62-0.270.75-0.45-0.68-0.670.75-0.68-0.770.740.51
0.88-0.620.48-0.30.880.160.43-0.780.390.830.03-0.670.79-0.340.350.15-0.590.210.58-0.67-0.550.910.94-0.55-0.41
-0.840.98-0.910.02-0.88-0.63-0.860.94-0.84-0.88-0.510.89-0.910.9-0.16-0.780.8-0.65-0.980.75-0.55-0.82-0.781.00.95
0.99-0.850.78-0.080.970.360.65-0.950.720.960.24-0.840.95-0.620.220.5-0.760.410.85-0.680.91-0.820.97-0.82-0.74
0.95-0.820.7-0.30.970.280.68-0.940.580.970.12-0.80.94-0.640.280.38-0.720.310.78-0.770.94-0.780.97-0.78-0.67
-0.840.98-0.910.0-0.87-0.62-0.860.94-0.85-0.88-0.520.89-0.910.9-0.16-0.780.81-0.66-0.980.74-0.551.0-0.82-0.780.95
-0.770.89-0.94-0.17-0.75-0.62-0.740.87-0.9-0.82-0.50.74-0.860.910.13-0.830.65-0.58-0.940.51-0.410.95-0.74-0.670.95
Click cells to compare fundamentals

Codere Online Account Relationship Matchups

Codere Online fundamental ratios Accounts

202020212022202320242025 (projected)
Total Assets18.5M105.3M69.3M73.8M74.5M66.3M
Short Long Term Debt Total39.2M3.0M5.0M5.4M4.8M4.6M
Other Current Liab4.7M8.0M9.0M7.6M11.2M7.7M
Total Current Liabilities37.0M31.6M42.8M52.1M45.0M47.8M
Total Stockholder Equity(40.0M)68.0M24.4M21.1M24.1M25.3M
Property Plant And Equipment Net116K133K200K331K2.4M2.5M
Net Debt28.3M(91.9M)(48.9M)(34.9M)(31.4M)(29.9M)
Accounts Payable13.0M19.7M23.8M31.8M24.6M22.5M
Cash10.9M94.9M53.8M41.3M40.3M39.6M
Non Current Assets Total1.2M606K983K8.5M11.6M12.2M
Cash And Short Term Investments15.7M98.8M53.8M53.8M61.9M44.0M
Net Receivables835K3.3M4.2M8.0M6.9M9.1M
Common Stock Shares Outstanding60K8.9M45.2M45.3M46.1M37.0M
Short Term Investments4.8M3.9M6.8M10.4M13.5M7.3M
Liabilities And Stockholders Equity18.5M105.3M69.3M74.5M85.7M63.8M
Other Current Assets254K739K677K2.2M2.5M2.7M
Other Stockholder Equity(13.8M)(7.1M)106.9M106.9M123.0M129.1M
Total Liab58.5M37.1M44.8M52.5M50.3M42.8M
Net Invested Capital(799K)71.0M29.4M26.2M27.4M30.4M
Short Long Term Debt17.8M3.0M4.2M5.1M3.4M3.2M
Total Current Assets17.3M104.7M68.3M65.3M62.9M61.9M
Net Working Capital(19.7M)73.1M25.6M13.2M18.0M14.0M
Short Term Debt17.8M3.0M4.2M3.7M3.4M3.2M
Intangible Assets2.0M1.1M469K10K9K8.6K
Retained Earnings(34.0M)(102.0M)(148.4M)(150.8M)(146.9M)(154.3M)
Non Currrent Assets Other(1.2M)(602K)771K(1K)(1.2K)(1.2K)
Property Plant And Equipment Gross186K257K1.2M649K3.0M3.2M
Accumulated Other Comprehensive Income949K18.0M20.8M18.6M21.4M22.4M

Pair Trading with Codere Online

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Codere Online position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Codere Online will appreciate offsetting losses from the drop in the long position's value.

Moving together with Codere Stock

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Moving against Codere Stock

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  0.41WEN The WendysPairCorr
  0.31SBET Sharplink GamingPairCorr
The ability to find closely correlated positions to Codere Online could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Codere Online when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Codere Online - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Codere Online Corp to buy it.
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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Codere Online moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Codere Online Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Codere Online can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Codere Online Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
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
0.09
Revenue Per Share
4.413
Quarterly Revenue Growth
0.133
Return On Assets
0.0365
Return On Equity
0.1719
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.