Codere Online Corp Stock Price on November 15, 2023
| CDRO Stock | USD 7.72 0.12 1.58% |
Below is the normalized historical share price chart for Codere Online Corp extending back to January 02, 2019. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Codere Online stands at 7.72, as last reported on the 25th of November, with the highest price reaching 7.80 and the lowest price hitting 7.52 during the day.
If you're considering investing in Codere Stock, it is important to understand the factors that can impact its price. As of now, Codere Stock is somewhat reliable. Codere Online Corp secures Sharpe Ratio (or Efficiency) of 0.0042, which signifies that the company had a 0.0042% return per unit of standard deviation over the last 3 months. We have found twenty-three technical indicators for Codere Online Corp, which you can use to evaluate the volatility of the firm. Please confirm Codere Online's mean deviation of 1.4, and Risk Adjusted Performance of 0.0012 to double-check if the risk estimate we provide is consistent with the expected return of 0.0086%.
At this time, Codere Online's Total Stockholder Equity is very stable compared to the past year. As of the 25th of November 2024, Other Stockholder Equity is likely to grow to about 129.1 M, while Common Stock Shares Outstanding is likely to drop about 31.4 M. . At this time, Codere Online's Price Book Value Ratio is very stable compared to the past year. As of the 25th of November 2024, Price Earnings To Growth Ratio is likely to grow to 0.02, while Price To Sales Ratio is likely to drop 1.03. Codere Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 1st of December 2021 | 200 Day MA 7.3186 | 50 Day MA 8.0385 | Beta 0.439 |
Codere |
Sharpe Ratio = 0.0042
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Estimated Market Risk
| 2.05 actual daily | 18 82% of assets are more volatile |
Expected Return
| 0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.0 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Codere Online is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Codere Online by adding Codere Online to a well-diversified portfolio.
Price Book 15.2825 | Enterprise Value Ebitda (0.45) | Price Sales 2.4746 | Shares Float 15.1 M | Wall Street Target Price 11.31 |
Codere Online Valuation on November 15, 2023
It is possible to determine the worth of Codere Online on a given historical date. On November 15, 2023 Codere was worth 3.3 at the beginning of the trading date compared to the closed value of 3.3. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Codere Online stock. Still, in general, we apply an absolute valuation method to find Codere Online's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Codere Online where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Codere Online's related companies.
| Open | High | Low | Close | Volume | |
| 3.33 | 3.33 | 3.20 | 3.23 | 3,900 | |
11/15/2023 | 3.30 | 3.48 | 3.14 | 3.30 | 10,100 |
| 3.19 | 3.19 | 3.00 | 3.10 | 11,700 |
| Backtest Codere Online | | | Codere Online History | | | Codere Online Valuation | Previous | Next |
Codere Online Trading Date Momentum on November 15, 2023
| On November 16 2023 Codere Online Corp was traded for 3.10 at the closing time. The top price for the day was 3.19 and the lowest listed price was 3.00 . The trading volume for the day was 11.7 K. The trading history from November 16, 2023 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 6.06% . The overall trading delta against the current closing price is 0.30% . |
Codere Online Corp Fundamentals Correlations and Trends
By evaluating Codere Online's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Codere Online's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Codere financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Codere Online Stock history
Codere Online investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Codere is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Codere Online Corp will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Codere Online stock prices may prove useful in developing a viable investing in Codere Online
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 40.6 M | 31.4 M | |
| Net Loss | -61.3 M | -58.2 M |
Codere Online Stock Technical Analysis
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.
Price Boundaries
Codere Online Period Price Range
Low | November 25, 2024
| High |
0.00 | 0.00 |
Codere Online Corp cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Codere Online November 25, 2024 Market Strength
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 Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Codere Online's price direction in advance. Along with the technical and fundamental analysis of Codere Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Codere to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0012 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.35) | |||
| Treynor Ratio | (0.55) |
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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 Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
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.