Codere Online Luxembourg Stock Market Value
| CDROW Stock | USD 0.82 0.10 10.87% |
| Symbol | Codere |
Codere Online Luxembourg Price To Book Ratio
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 (428.55) | 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 Luxembourg 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.
Codere Online 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Codere Online's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Codere Online.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Codere Online on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Codere Online Luxembourg or generate 0.0% return on investment in Codere Online over 30 days. Codere Online is related to or competes with Light Wonder, Everi Holdings, Inspired Entertainment, PlayAGS, Canterbury Park, and Churchill Downs. Codere Online Luxembourg, S.A. operates as an online gaming and sports betting operator in Latin America More
Codere Online Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Codere Online's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Codere Online Luxembourg upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 37.55 | |||
| Value At Risk | (13.68) | |||
| Potential Upside | 13.48 |
Codere Online Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Codere Online's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Codere Online's standard deviation. In reality, there are many statistical measures that can use Codere Online historical prices to predict the future Codere Online's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (1.31) | |||
| Treynor Ratio | 1.17 |
Codere Online Luxembourg Backtested Returns
Codere Online is out of control given 3 months investment horizon. Codere Online Luxembourg secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of standard deviation over the last 3 months. We were able to break down and interpolate data for twenty-three different technical indicators, which can help you to evaluate if expected returns of 16.14% are justified by taking the suggested risk. Use Codere Online mean deviation of 5.45, and Risk Adjusted Performance of (0.01) to evaluate company specific risk that cannot be diversified away. Codere Online holds a performance score of 9 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -0.15, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Codere Online are expected to decrease at a much lower rate. During the bear market, Codere Online is likely to outperform the market. Use Codere Online treynor ratio, as well as the relationship between the accumulation distribution and price action indicator , to analyze future returns on Codere Online.
Auto-correlation | 0.43 |
Average predictability
Codere Online Luxembourg has average predictability. Overlapping area represents the amount of predictability between Codere Online time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Codere Online Luxembourg price movement. The serial correlation of 0.43 indicates that just about 43.0% of current Codere Online price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.43 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Codere Online Luxembourg lagged returns against current returns
Autocorrelation, which is Codere Online stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Codere Online's stock expected returns. We can calculate the autocorrelation of Codere Online returns to help us make a trade decision. For example, suppose you find that Codere Online has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Codere Online regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Codere Online stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Codere Online stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Codere Online stock over time.
Current vs Lagged Prices |
| Timeline |
Codere Online Lagged Returns
When evaluating Codere Online's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Codere Online stock have on its future price. Codere Online autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Codere Online autocorrelation shows the relationship between Codere Online stock current value and its past values and can show if there is a momentum factor associated with investing in Codere Online Luxembourg.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.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.