Co Diagnostics Stock Forward View
| CODX Stock | USD 2.22 0.11 4.72% |
CODX Stock outlook is based on your current time horizon.
At this time the relative strength index (rsi) of Co Diagnostics' share price is below 20 suggesting that the stock is significantly oversold. The fundamental principle of the Relative Strength Index (RSI) is to quantify the velocity at which market participants are driving the price of a financial instrument upwards or downwards. Momentum 0
Sell Peaked
Oversold | Overbought |
Quarterly Earnings Growth 0.308 | EPS Estimate Next Quarter (0.16) | EPS Estimate Current Year (21.00) | EPS Estimate Next Year (12.15) | Wall Street Target Price 45.0001 |
Using Co Diagnostics hype-based prediction, you can estimate the value of Co Diagnostics from the perspective of Co Diagnostics response to recently generated media hype and the effects of current headlines on its competitors. We also analyze overall investor sentiment towards Co Diagnostics using Co Diagnostics' stock options and short interest. It helps to benchmark the overall future attitude of investors towards CODX using crowd psychology based on the activity and movement of Co Diagnostics' stock price.
Co Diagnostics Short Interest
An investor who is long Co Diagnostics may also wish to track short interest. As short interest increases, investors should be becoming more worried about Co Diagnostics and may potentially protect profits, hedge Co Diagnostics with its derivative instruments, or be ready for some potential downside.
200 Day MA 9.0445 | Short Percent 0.039 | Short Ratio 1.19 | Shares Short Prior Month 646.2 K | 50 Day MA 6.3233 |
CODX Relative Strength Index
The Naive Prediction forecasted value of Co Diagnostics on the next trading day is expected to be 1.67 with a mean absolute deviation of 0.54 and the sum of the absolute errors of 33.28.Co Diagnostics Hype to Price Pattern
Investor biases related to Co Diagnostics' public news can be used to forecast risks associated with an investment in CODX. The trend in average sentiment can be used to explain how an investor holding CODX can time the market purely based on public headlines and social activities around Co Diagnostics. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Some investors profit by finding stocks that are overvalued or undervalued based on market sentiment. The correlation of Co Diagnostics' market sentiment to its price can help taders to make decisions based on the overall investors consensus about Co Diagnostics.
Co Diagnostics Implied Volatility | 0.0 |
Co Diagnostics' implied volatility exposes the market's sentiment of Co Diagnostics stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Co Diagnostics' implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Co Diagnostics stock will not fluctuate a lot when Co Diagnostics' options are near their expiration.
The Naive Prediction forecasted value of Co Diagnostics on the next trading day is expected to be 1.67 with a mean absolute deviation of 0.54 and the sum of the absolute errors of 33.28. Co Diagnostics after-hype prediction price | USD 2.33 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Check out Historical Fundamental Analysis of Co Diagnostics to cross-verify your projections. Prediction based on Rule 16 of the current CODX contract
Based on the Rule 16, the options market is currently suggesting that Co Diagnostics will have an average daily up or down price movement of about 0.0% per day over the life of the 2026-05-15 option contract. With Co Diagnostics trading at USD 2.22, that is roughly USD 0.0 . If you think that the market is fully incorporating Co Diagnostics' daily price movement you should consider acquiring Co Diagnostics options at the current volatility level of 0.0%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Open Interest Against 2026-05-15 CODX Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Co Diagnostics' spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Co Diagnostics' options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Co Diagnostics stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Co Diagnostics' open interest, investors have to compare it to Co Diagnostics' spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Co Diagnostics is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in CODX. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Co Diagnostics Additional Predictive Modules
Most predictive techniques to examine CODX price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for CODX using various technical indicators. When you analyze CODX charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
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| Math Transform | ||
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| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Forecasting cash, or other financial indicators, requires analysts to apply different statistical methods, techniques, and algorithms to find hidden patterns within the Co Diagnostics' financial statements to predict how it will affect future prices.
Cash | First Reported 2015-12-31 | Previous Quarter 11.1 M | Current Value 11.4 M | Quarterly Volatility 29.8 M |
Co Diagnostics Naive Prediction Price Forecast For the 11th of February 2026
Given 90 days horizon, the Naive Prediction forecasted value of Co Diagnostics on the next trading day is expected to be 1.67 with a mean absolute deviation of 0.54, mean absolute percentage error of 0.52, and the sum of the absolute errors of 33.28.Please note that although there have been many attempts to predict CODX Stock prices using its time series forecasting, we generally do not suggest using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Co Diagnostics' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Co Diagnostics Stock Forecast Pattern
| Backtest Co Diagnostics | Co Diagnostics Price Prediction | Research Analysis |
Co Diagnostics Forecasted Value
In the context of forecasting Co Diagnostics' Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Co Diagnostics' downside and upside margins for the forecasting period are 0.02 and 13.23, respectively. We have considered Co Diagnostics' daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Co Diagnostics stock data series using in forecasting. Note that when a statistical model is used to represent Co Diagnostics stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.| AIC | Akaike Information Criteria | 119.297 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.5367 |
| MAPE | Mean absolute percentage error | 0.0898 |
| SAE | Sum of the absolute errors | 33.2765 |
Predictive Modules for Co Diagnostics
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Co Diagnostics. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Co Diagnostics' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Co Diagnostics After-Hype Price Density Analysis
As far as predicting the price of Co Diagnostics at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Co Diagnostics or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Co Diagnostics, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Co Diagnostics Estimiated After-Hype Price Volatility
In the context of predicting Co Diagnostics' stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Co Diagnostics' historical news coverage. Co Diagnostics' after-hype downside and upside margins for the prediction period are 0.12 and 13.70, respectively. We have considered Co Diagnostics' daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models compare with traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Co Diagnostics is relatively risky at this time. Analysis and calculation of next after-hype price of Co Diagnostics is based on 3 months time horizon.
Co Diagnostics Stock Price Outlook Analysis
Have you ever been surprised when a price of a Company such as Co Diagnostics is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Co Diagnostics backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Co Diagnostics, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
1.90 | 11.56 | 1.46 | 0.08 | 8 Events / Month | 7 Events / Month | In about 8 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
2.22 | 2.33 | 4.95 |
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Co Diagnostics Hype Timeline
Co Diagnostics is currently traded for 2.22. The entity has historical hype elasticity of -1.46, and average elasticity to hype of competition of -0.08. CODX is forecasted to increase in value after the next headline, with the price projected to jump to 2.33 or above. The average volatility of media hype impact on the company the price is over 100%. The price jump on the next news is projected to be 4.95%, whereas the daily expected return is currently at -1.9%. The volatility of related hype on Co Diagnostics is about 26272.73%, with the expected price after the next announcement by competition of 2.14. Co Diagnostics currently holds about 86.49 M in cash with (29.16 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.8, which can makes it an attractive takeover target, given it will continue generating positive cash flow. Given the investment horizon of 90 days the next forecasted press release will be in about 8 days. Check out Historical Fundamental Analysis of Co Diagnostics to cross-verify your projections.Co Diagnostics Related Hype Analysis
Having access to credible news sources related to Co Diagnostics' direct competition is more important than ever and may enhance your ability to predict Co Diagnostics' future price movements. Getting to know how Co Diagnostics' peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Co Diagnostics may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| AEMD | Aethlon Medical | 0.10 | 8 per month | 0.00 | (0.13) | 10.51 | (10.29) | 38.52 | |
| NVNO | enVVeno Medical Corp | (1.15) | 7 per month | 0.00 | (0.13) | 8.99 | (10.09) | 41.30 | |
| ALUR | Allurion Technologies | 0.03 | 8 per month | 0.00 | (0.07) | 16.54 | (11.33) | 40.95 | |
| XAIR | Beyond Air | 0.55 | 9 per month | 6.22 | 0.01 | 14.46 | (10.16) | 163.02 | |
| SINT | SINTX Technologies | (0.1) | 6 per month | 4.89 | (0.02) | 9.09 | (5.63) | 32.00 | |
| DWTX | Dogwood Therapeutics | 0.19 | 8 per month | 0.00 | (0.14) | 7.72 | (11.30) | 33.43 | |
| TNON | Tenon Medical | (0.03) | 9 per month | 0.00 | (0.12) | 6.38 | (7.21) | 18.03 | |
| PRPH | ProPhase Labs | 0.00 | 9 per month | 0.00 | (0.33) | 11.11 | (22.22) | 77.27 | |
| VVOS | Vivos Therapeutics | (0.02) | 6 per month | 0.00 | (0.14) | 5.29 | (6.17) | 31.84 | |
| ADGM | Adagio Medical Holdings | (0.01) | 5 per month | 5.71 | 0.02 | 11.36 | (8.26) | 64.48 |
Other Forecasting Options for Co Diagnostics
For every potential investor in CODX, whether a beginner or expert, Co Diagnostics' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. CODX Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in CODX. Basic forecasting techniques help filter out the noise by identifying Co Diagnostics' price trends.Co Diagnostics Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Co Diagnostics stock to make a market-neutral strategy. Peer analysis of Co Diagnostics could also be used in its relative valuation, which is a method of valuing Co Diagnostics by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Co Diagnostics Market Strength Events
Market strength indicators help investors to evaluate how Co Diagnostics stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Co Diagnostics shares will generate the highest return on investment. By undertsting and applying Co Diagnostics stock market strength indicators, traders can identify Co Diagnostics entry and exit signals to maximize returns.
| Accumulation Distribution | 213.7 | |||
| Daily Balance Of Power | (0.85) | |||
| Rate Of Daily Change | 0.95 | |||
| Day Median Price | 2.29 | |||
| Day Typical Price | 2.26 | |||
| Price Action Indicator | (0.12) | |||
| Period Momentum Indicator | (0.11) |
Co Diagnostics Risk Indicators
The analysis of Co Diagnostics' basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Co Diagnostics' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting codx stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 5.89 | |||
| Standard Deviation | 11.07 | |||
| Variance | 122.46 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Story Coverage note for Co Diagnostics
The number of cover stories for Co Diagnostics depends on current market conditions and Co Diagnostics' risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Co Diagnostics is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Co Diagnostics' long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Co Diagnostics Short Properties
Co Diagnostics' future price predictability will typically decrease when Co Diagnostics' long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Co Diagnostics often depends not only on the future outlook of the potential Co Diagnostics' investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Co Diagnostics' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 1 M | |
| Cash And Short Term Investments | 29.7 M |
Additional Tools for CODX Stock Analysis
When running Co Diagnostics' price analysis, check to measure Co Diagnostics' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Co Diagnostics is operating at the current time. Most of Co Diagnostics' value examination focuses on studying past and present price action to predict the probability of Co Diagnostics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Co Diagnostics' price. Additionally, you may evaluate how the addition of Co Diagnostics to your portfolios can decrease your overall portfolio volatility.