Codere Online Corp Stock Technical Analysis
| CDRO Stock | USD 6.77 0.27 3.84% |
As of the 28th of December, Codere Online shows the mean deviation of 1.52, and Risk Adjusted Performance of (0.07). Codere Online Corp technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices.
Codere Online Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Codere, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to CodereCodere |
Codere Online Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 6.36 | Strong Buy | 4 | Odds |
Most Codere analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Codere stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Codere Online Corp, talking to its executives and customers, or listening to Codere conference calls.
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.
Codere Online Corp Technical Analysis
The output start index for this execution was one with a total number of output elements of sixty. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Codere Online Corp volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Codere Online Corp Trend Analysis
Use this graph to draw trend lines for Codere Online Corp. You can use it to identify possible trend reversals for Codere Online as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Codere Online price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Codere Online Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Codere Online Corp applied against its price change over selected period. The best fit line has a slop of 0.02 , which may suggest that Codere Online Corp market price will keep on failing further. It has 122 observation points and a regression sum of squares at 17.12, which is the sum of squared deviations for the predicted Codere Online price change compared to its average price change.About Codere Online Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Codere Online Corp on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Codere Online Corp based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Codere Online Corp price pattern first instead of the macroeconomic environment surrounding Codere Online Corp. By analyzing Codere Online's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Codere Online's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Codere Online specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2021 | 2022 | 2023 | 2024 (projected) | Graham Number | 48.25 | 3.54 | 3.18 | 3.02 | Receivables Turnover | 24.44 | 27.49 | 24.74 | 27.69 |
Codere Online December 28, 2024 Technical Indicators
Most technical analysis of Codere help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Codere from various momentum indicators to cycle indicators. When you analyze Codere charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.07) | |||
| Market Risk Adjusted Performance | (31.31) | |||
| Mean Deviation | 1.52 | |||
| Coefficient Of Variation | (980.77) | |||
| Standard Deviation | 2.24 | |||
| Variance | 5.0 | |||
| Information Ratio | (0.12) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | (31.32) | |||
| Maximum Drawdown | 15.12 | |||
| Value At Risk | (3.31) | |||
| Potential Upside | 4.11 | |||
| Skewness | 0.3916 | |||
| Kurtosis | 2.97 |
Codere Online December 28, 2024 Daily Trend Indicators
Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Codere stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 8,833 | ||
| Daily Balance Of Power | (0.66) | ||
| Rate Of Daily Change | 0.96 | ||
| Day Median Price | 6.89 | ||
| Day Typical Price | 6.85 | ||
| Price Action Indicator | (0.25) |
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 Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
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.