Codere Online Luxembourg Stock Probability of Future Stock Price Finishing Over 0.77
| CDROW Stock | USD 0.82 0.10 10.87% |
Codere |
Codere Online Target Price Odds to finish over 0.77
The tendency of Codere Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay above $ 0.77 in 90 days |
| 0.82 | 90 days | 0.77 | about 89.44 |
Based on a normal probability distribution, the odds of Codere Online to stay above $ 0.77 in 90 days from now is about 89.44 (This Codere Online Luxembourg probability density function shows the probability of Codere Stock to fall within a particular range of prices over 90 days) . Probability of Codere Online Luxembourg price to stay between $ 0.77 and its current price of $0.82 at the end of the 90-day period is about 6.86 .
Assuming the 90 days horizon Codere Online Luxembourg has a beta of -0.15 suggesting as returns on the benchmark increase, returns on holding Codere Online are expected to decrease at a much lower rate. During a bear market, however, Codere Online Luxembourg is likely to outperform the market. Additionally Codere Online Luxembourg has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Codere Online Price Density |
| Price |
Predictive Modules for Codere Online
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Codere Online Luxembourg. 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.Codere Online Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Codere Online is not an exception. The market had few large corrections towards the Codere Online's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Codere Online Luxembourg, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Codere Online within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.15 | |
β | Beta against Dow Jones | -0.15 | |
σ | Overall volatility | 0.16 | |
Ir | Information ratio | -0.04 |
Codere Online Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Codere Online for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Codere Online Luxembourg can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Codere Online is way too risky over 90 days horizon | |
| Codere Online has some characteristics of a very speculative penny stock | |
| Codere Online appears to be risky and price may revert if volatility continues | |
| Codere Online has high likelihood to experience some financial distress in the next 2 years | |
| Codere Online Luxembourg has accumulated 4.95 M in total debt. Codere Online Luxembourg has a current ratio of 0.55, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Note, when we think about Codere Online's use of debt, we should always consider it together with its cash and equity. | |
| The entity reported the revenue of 115.75 M. Net Loss for the year was (43.41 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Codere Online Luxembourg has accumulated about 6.58 M in cash with (42.36 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 109.73, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Codere Online has a poor financial position based on the latest SEC disclosures | |
| Latest headline from news.google.com: Codere Online to Release Financial Results for the Third Quarter 2024 on November 27th - Yahoo Finance |
Codere Online Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Codere Stock often depends not only on the future outlook of the current and potential Codere Online's 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. Codere Online's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 45.1 M | |
| Cash And Short Term Investments | 60.6 M |
Codere Online Technical Analysis
Codere Online's future price can be derived by breaking down and analyzing its technical indicators over time. Codere Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Codere Online Luxembourg. In general, you should focus on analyzing Codere Stock price patterns and their correlations with different microeconomic environments and drivers.
Codere Online Predictive Forecast Models
Codere Online's time-series forecasting models is one of many Codere Online's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Codere Online's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Codere Online Luxembourg
Checking the ongoing alerts about Codere Online for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Codere Online Luxembourg help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Codere Online is way too risky over 90 days horizon | |
| Codere Online has some characteristics of a very speculative penny stock | |
| Codere Online appears to be risky and price may revert if volatility continues | |
| Codere Online has high likelihood to experience some financial distress in the next 2 years | |
| Codere Online Luxembourg has accumulated 4.95 M in total debt. Codere Online Luxembourg has a current ratio of 0.55, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Note, when we think about Codere Online's use of debt, we should always consider it together with its cash and equity. | |
| The entity reported the revenue of 115.75 M. Net Loss for the year was (43.41 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Codere Online Luxembourg has accumulated about 6.58 M in cash with (42.36 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 109.73, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Codere Online has a poor financial position based on the latest SEC disclosures | |
| Latest headline from news.google.com: Codere Online to Release Financial Results for the Third Quarter 2024 on November 27th - Yahoo Finance |
Additional Tools for Codere Stock Analysis
When running Codere Online's price analysis, check to measure Codere Online's 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 Codere Online is operating at the current time. Most of Codere Online's value examination focuses on studying past and present price action to predict the probability of Codere Online's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Codere Online's price. Additionally, you may evaluate how the addition of Codere Online to your portfolios can decrease your overall portfolio volatility.