Codere Online Corp Stock Market Value
| CDRO Stock | USD 8.45 0.02 0.24% |
| Symbol | Codere |
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.
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.
| 04/27/2025 |
| 07/26/2025 |
If you would invest 0.00 in Codere Online on April 27, 2025 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 90 days. Codere Online is related to or competes with Canterbury Park, Inspired Entertainment, Accel Entertainment, Gambling, and SAB Biotherapeutics. 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.
| Downside Deviation | 1.71 | |||
| Information Ratio | 0.0273 | |||
| Maximum Drawdown | 12.01 | |||
| Value At Risk | (2.74) | |||
| Potential Upside | 3.48 |
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 | 0.1047 | |||
| Jensen Alpha | 0.2397 | |||
| Total Risk Alpha | (0.28) | |||
| Sortino Ratio | 0.0336 | |||
| Treynor Ratio | 3.0 |
Codere Online Corp Backtested Returns
Codere Online appears to be not too volatile, given 3 months investment horizon. Codere Online Corp secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13 % return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Codere Online Corp, which you can use to evaluate the volatility of the firm. Please makes use of Codere Online's mean deviation of 1.28, and Risk Adjusted Performance of 0.1047 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Codere Online holds a performance score of 9. The firm shows a Beta (market volatility) of 0.0857, 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. Please check Codere Online's standard deviation, expected short fall, period momentum indicator, as well as the relationship between the maximum drawdown and rate of daily change , to make a quick decision on whether Codere Online's price patterns will revert.
Auto-correlation | -0.25 |
Weak reverse predictability
Codere Online Corp has weak reverse predictability. Overlapping area represents the amount of predictability between Codere Online time series from 27th of April 2025 to 11th of June 2025 and 11th of June 2025 to 26th of July 2025. 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 -0.25 indicates that over 25.0% of current Codere Online price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.12 |
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 |
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 against Codere Stock
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.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 Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
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.