Codan Limited Stock Market Value
| CODAF Stock | USD 10.59 0.00 0.00% |
| Symbol | Codan |
Codan '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 Codan's pink sheet 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 Codan.
| 04/23/2025 |
| 07/22/2025 |
If you would invest 0.00 in Codan on April 23, 2025 and sell it all today you would earn a total of 0.00 from holding Codan Limited or generate 0.0% return on investment in Codan over 90 days. Codan is related to or competes with Energous, Microvision, Greenwich Lifesciences, LM Funding, Koss, Meiwu Technology, and Future Fintech. Codan Limited develops technology solutions for United Nations organizations, mining companies, security and military gr... More
Codan 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 Codan's pink sheet 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 Codan Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0968 | |||
| Maximum Drawdown | 45.07 |
Codan Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Codan's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Codan's standard deviation. In reality, there are many statistical measures that can use Codan historical prices to predict the future Codan's volatility.| Risk Adjusted Performance | 0.123 | |||
| Jensen Alpha | 0.6036 | |||
| Total Risk Alpha | (0.14) | |||
| Treynor Ratio | 1.32 |
Codan Limited Backtested Returns
Codan appears to be slightly risky, given 3 months investment horizon. Codan Limited 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. By analyzing Codan's technical indicators, you can evaluate if the expected return of 0.74% is justified by implied risk. Please makes use of Codan's risk adjusted performance of 0.123, and Mean Deviation of 1.35 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Codan holds a performance score of 10. The firm shows a Beta (market volatility) of 0.51, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Codan's returns are expected to increase less than the market. However, during the bear market, the loss of holding Codan is expected to be smaller as well. Please check Codan's treynor ratio, rate of daily change, and the relationship between the variance and skewness , to make a quick decision on whether Codan's price patterns will revert.
Auto-correlation | 0.00 |
No correlation between past and present
Codan Limited has no correlation between past and present. Overlapping area represents the amount of predictability between Codan time series from 23rd of April 2025 to 7th of June 2025 and 7th of June 2025 to 22nd 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 Codan Limited price movement. The serial correlation of 0.0 indicates that just 0.0% of current Codan price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Codan Limited lagged returns against current returns
Autocorrelation, which is Codan pink sheet'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 Codan's pink sheet expected returns. We can calculate the autocorrelation of Codan returns to help us make a trade decision. For example, suppose you find that Codan has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Codan 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 Codan pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Codan pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Codan pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Codan Lagged Returns
When evaluating Codan's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Codan pink sheet have on its future price. Codan 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, Codan autocorrelation shows the relationship between Codan pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Codan Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Codan Pink Sheet
Codan financial ratios help investors to determine whether Codan Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Codan with respect to the benefits of owning Codan security.