CDROW Stock | | | USD 0.82 0.10 10.87% |
Codere Online financial indicator trend analysis is way more than just evaluating Codere Online Luxembourg prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Codere Online Luxembourg is a good investment. Please check the relationship between Codere Online Cash and its Common Stock Shares Outstanding accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Codere Online Luxembourg. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in persons.
Cash vs Common Stock Shares Outstanding
Cash vs Common Stock Shares Outstanding Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Codere Online Luxembourg Cash account and
Common Stock Shares Outstanding. At this time, the significance of the direction appears to have pay attention.
The correlation between Codere Online's Cash and Common Stock Shares Outstanding is -0.8. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of Codere Online Luxembourg, assuming nothing else is changed. The correlation between historical values of Codere Online's Cash and Common Stock Shares Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Codere Online Luxembourg are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Cash i.e., Codere Online's Cash and Common Stock Shares Outstanding go up and down completely randomly.
Correlation Coefficient | -0.8 |
Relationship Direction | Negative |
Relationship Strength | Significant |
Cash
Cash refers to the most liquid asset of Codere Online Luxembourg, which is listed under current asset account on Codere Online Luxembourg balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Codere Online customers. The amounts must be unrestricted with restricted cash listed in a different Codere Online account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.
Most indicators from Codere Online's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Codere Online Luxembourg current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Codere Online Luxembourg. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in persons.
Tax Provision is likely to climb to about 3.6
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 40.1
M in 2024.
Codere Online fundamental ratios Correlations
Click cells to compare fundamentals
Codere Online Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Codere Online fundamental ratios Accounts
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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.