Codere Online Stock Forecast - Daily Balance Of Power

CDRO Stock  USD 7.38  0.04  0.54%   
Codere Stock Forecast is based on your current time horizon. Although Codere Online's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Codere Online's systematic risk associated with finding meaningful patterns of Codere Online fundamentals over time.
  
At this time, Codere Online's Receivables Turnover is very stable compared to the past year. As of the 12th of December 2024, Asset Turnover is likely to grow to 2.10, while Inventory Turnover is likely to drop (7.03). . As of the 12th of December 2024, Common Stock Shares Outstanding is likely to drop to about 31.4 M. In addition to that, Net Loss is likely to grow to about (58.2 M).
On August 4, 2023 Codere Online Corp had Daily Balance Of Power of (0.44). Balance of Power indicator (or BOP) measures the strength of Codere Online Corp market sensitivity to bulls and bears. It estimates the ability of Codere Online buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring Codere Online Balance of Power indicator one can determine a trend of the price direction.
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Codere Online Trading Date Momentum

On August 07 2023 Codere Online Corp was traded for  3.20  at the closing time. The top price for the day was 3.35  and the lowest listed price was  3.15 . The trading volume for the day was 25.4 K. The trading history from August 7, 2023 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 1.54% . The overall trading delta against the current closing price is 1.54% .
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
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Other Forecasting Options for Codere Online

For every potential investor in Codere, whether a beginner or expert, Codere Online's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Codere Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Codere. Basic forecasting techniques help filter out the noise by identifying Codere Online's price trends.

Codere Online 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 Codere Online stock to make a market-neutral strategy. Peer analysis of Codere Online could also be used in its relative valuation, which is a method of valuing Codere Online by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Codere Online Corp Technical and Predictive Analytics

The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Codere Online's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Codere Online's current price.

Codere Online Market Strength Events

Market strength indicators help investors to evaluate how Codere Online stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Codere Online shares will generate the highest return on investment. By undertsting and applying Codere Online stock market strength indicators, traders can identify Codere Online Corp entry and exit signals to maximize returns.

Codere Online Risk Indicators

The analysis of Codere Online's 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 Codere Online's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting codere 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.
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.
When determining whether Codere Online Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Codere Online's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Codere Online Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Codere Online Corp Stock:
Check out Historical Fundamental Analysis of Codere Online to cross-verify your projections.
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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.