Codan Limited Chance of Future Pink Sheet Price Finishing Over 6.63
| CODAFDelisted Stock | USD 7.30 0.00 0.00% |
Codan |
Codan Target Price Odds to finish over 6.63
The tendency of Codan Pink Sheet 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 $ 6.63 in 90 days |
| 7.30 | 90 days | 6.63 | close to 99 |
Based on a normal probability distribution, the odds of Codan to stay above $ 6.63 in 90 days from now is close to 99 (This Codan Limited probability density function shows the probability of Codan Pink Sheet to fall within a particular range of prices over 90 days) . Probability of Codan Limited price to stay between $ 6.63 and its current price of $7.3 at the end of the 90-day period is about 64.17 .
Assuming the 90 days horizon Codan Limited has a beta of -0.16 suggesting as returns on the benchmark increase, returns on holding Codan are expected to decrease at a much lower rate. During a bear market, however, Codan Limited is likely to outperform the market. Additionally Codan Limited has an alpha of 0.0601, implying that it can generate a 0.0601 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Codan Price Density |
| Price |
Predictive Modules for Codan
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Codan Limited. Regardless of method or technology, however, to accurately forecast the pink sheet market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the pink sheet 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.Codan Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Codan is not an exception. The market had few large corrections towards the Codan'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 Codan Limited, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Codan within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.06 | |
β | Beta against Dow Jones | -0.16 | |
σ | Overall volatility | 0.11 | |
Ir | Information ratio | -0.05 |
Codan 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 Codan for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Codan Limited can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Codan Limited is not yet fully synchronised with the market data | |
| Codan Limited has a very high chance of going through financial distress in the upcoming years | |
| About 46.0% of the company shares are held by company insiders |
Codan 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 Codan Pink Sheet often depends not only on the future outlook of the current and potential Codan'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. Codan's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 180.9 M |
Codan Technical Analysis
Codan's future price can be derived by breaking down and analyzing its technical indicators over time. Codan Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Codan Limited. In general, you should focus on analyzing Codan Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
Codan Predictive Forecast Models
Codan's time-series forecasting models is one of many Codan's pink sheet 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 Codan'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 pink sheet market movement and maximize returns from investment trading.
Things to note about Codan Limited
Checking the ongoing alerts about Codan for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Codan Limited help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Codan Limited is not yet fully synchronised with the market data | |
| Codan Limited has a very high chance of going through financial distress in the upcoming years | |
| About 46.0% of the company shares are held by company insiders |
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Other Consideration for investing in Codan Pink Sheet
If you are still planning to invest in Codan Limited check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Codan's history and understand the potential risks before investing.
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