Coda Octopus Group Stock Market Value
| CODA Stock | USD 9.32 0.15 1.58% |
| Symbol | Coda |
Coda Octopus Group Price To Book Ratio
Is Electronic Equipment, Instruments & Components 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 Coda Octopus. If investors know Coda 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 Coda Octopus listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.222 | Earnings Share 0.26 | Revenue Per Share 1.678 | Quarterly Revenue Growth 0.12 | Return On Assets 0.0344 |
The market value of Coda Octopus Group is measured differently than its book value, which is the value of Coda that is recorded on the company's balance sheet. Investors also form their own opinion of Coda Octopus' value that differs from its market value or its book value, called intrinsic value, which is Coda Octopus' 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 Coda Octopus' market value can be influenced by many factors that don't directly affect Coda Octopus' 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 Coda Octopus' value and its price as these two are different measures arrived at by different means. Investors typically determine if Coda Octopus is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Coda Octopus' 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.
Coda Octopus '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 Coda Octopus' 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 Coda Octopus.
| 09/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Coda Octopus on September 24, 2024 and sell it all today you would earn a total of 0.00 from holding Coda Octopus Group or generate 0.0% return on investment in Coda Octopus over 60 days. Coda Octopus is related to or competes with Ducommun Incorporated, Park Electrochemical, National Presto, Astronics, Innovative Solutions, VSE, and Curtiss Wright. Coda Octopus Group, Inc., together with its subsidiaries, develops and sells underwater technologies and equipment for 3... More
Coda Octopus 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 Coda Octopus' 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 Coda Octopus Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.93 | |||
| Information Ratio | 0.0964 | |||
| Maximum Drawdown | 10.54 | |||
| Value At Risk | (2.85) | |||
| Potential Upside | 5.83 |
Coda Octopus Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Coda Octopus' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Coda Octopus' standard deviation. In reality, there are many statistical measures that can use Coda Octopus historical prices to predict the future Coda Octopus' volatility.| Risk Adjusted Performance | 0.1197 | |||
| Jensen Alpha | 0.3535 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.1296 | |||
| Treynor Ratio | 2.62 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Coda Octopus' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Coda Octopus Group Backtested Returns
Coda Octopus appears to be somewhat reliable, given 3 months investment horizon. Coda Octopus Group secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the company had a 0.14% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Coda Octopus Group, which you can use to evaluate the volatility of the firm. Please makes use of Coda Octopus' mean deviation of 1.99, and Risk Adjusted Performance of 0.1197 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Coda Octopus holds a performance score of 10. The firm shows a Beta (market volatility) of 0.14, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Coda Octopus' returns are expected to increase less than the market. However, during the bear market, the loss of holding Coda Octopus is expected to be smaller as well. Please check Coda Octopus' semi deviation, jensen alpha, maximum drawdown, as well as the relationship between the coefficient of variation and sortino ratio , to make a quick decision on whether Coda Octopus' price patterns will revert.
Auto-correlation | 0.53 |
Modest predictability
Coda Octopus Group has modest predictability. Overlapping area represents the amount of predictability between Coda Octopus time series from 24th of September 2024 to 24th of October 2024 and 24th of October 2024 to 23rd 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 Coda Octopus Group price movement. The serial correlation of 0.53 indicates that about 53.0% of current Coda Octopus price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.53 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
Coda Octopus Group lagged returns against current returns
Autocorrelation, which is Coda Octopus 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 Coda Octopus' stock expected returns. We can calculate the autocorrelation of Coda Octopus returns to help us make a trade decision. For example, suppose you find that Coda Octopus 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 |
Coda Octopus 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 Coda Octopus stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Coda Octopus stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Coda Octopus stock over time.
Current vs Lagged Prices |
| Timeline |
Coda Octopus Lagged Returns
When evaluating Coda Octopus' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Coda Octopus stock have on its future price. Coda Octopus 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, Coda Octopus autocorrelation shows the relationship between Coda Octopus stock current value and its past values and can show if there is a momentum factor associated with investing in Coda Octopus Group.
Regressed Prices |
| Timeline |
Also Currently Popular
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.When determining whether Coda Octopus Group offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Coda Octopus' 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 Coda Octopus Group Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Coda Octopus Group Stock:Check out Coda Octopus Correlation, Coda Octopus Volatility and Coda Octopus Alpha and Beta module to complement your research on Coda Octopus. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
Coda Octopus 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.