Codan jumps 4.0 percent this week, though earnings growth is still tracking behind five-year shareholder returns - Simply Wall St
CODAFDelisted Stock | USD 7.30 0.00 0.00% |
Roughly 56% of Codan's investor base is looking to short. The analysis of overall sentiment of trading Codan Limited pink sheet suggests that many investors are alarmed at this time. The current market sentiment, together with Codan's historical and current headlines, can help investors time the market. In addition, many technical investors use Codan Limited stock news signals to limit their universe of possible portfolio assets.
Codan pink sheet news, alerts, and headlines are usually related to its technical, predictive, social, and fundamental indicators. It can reflect on the current distribution of Codan daily returns and investor perception about the current price of Codan Limited as well as its diversification or hedging effects on your existing portfolios.
Codan |
Codan jumps 4.0 percent this week, though earnings growth is still tracking behind five-year shareholder returns Simply Wall St
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Codan Fundamental Analysis
We analyze Codan's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Codan using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Codan based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Current Ratio
Current Ratio Comparative Analysis
Codan is currently under evaluation in current ratio category among its peers. Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
Codan Limited Potential Pair-trading
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 Codan pink sheet to make a market-neutral strategy. Peer analysis of Codan could also be used in its relative valuation, which is a method of valuing Codan by comparing valuation metrics with similar companies.
Peers
Codan Related Equities
KRKNF | Kraken Robotics | 8.28 | ||||
KNW | Know Labs | 4.35 | ||||
NSCIF | Nanalysis Scientific | 4.17 | ||||
FCUV | Focus Universal | 4.00 | ||||
SOTK | Sono Tek | 1.72 | ||||
MIND | Mind Technology | 1.30 | ||||
MKSI | MKS Instruments | 1.14 | ||||
ESE | ESCO Technologies | 0.22 | ||||
ST | Sensata Technologies | 0.09 | ||||
TDY | Teledyne Technologies | 0.09 | ||||
GNSS | Genasys | 0.26 | ||||
MLAB | Mesa Laboratories | 0.89 |
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 Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
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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