Codan Limited Stock Analysis

Codan Pink Sheet Analysis Notes

About 46.0% of the company shares are held by company insiders. The company has price-to-book (P/B) ratio of 1.95. Some equities with similar Price to Book (P/B) outperform the market in the long run. Codan Limited last dividend was issued on the 25th of August 2022. Codan Limited develops technology solutions for United Nations organizations, mining companies, security and military groups, government departments, individuals, and small-scale miners. Codan Limited was incorporated in 1959 and is headquartered in Mawson Lakes, Australia. Codan operates under Scientific Technical Instruments classification in the United States and is traded on OTC Exchange.The quote for Codan Limited is published daily by the National Quotation Bureau and the company does not need to meet minimum requirements or file with the SEC. For more info on Codan Limited please contact Alfonso Ianniello at 61 8 8305 0311 or go to https://www.codan.com.au.

Codan Limited Investment Alerts

Codan Market Capitalization

The company currently falls under 'Small-Cap' category with a current market capitalization of 677.57 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Codan's market, we take the total number of its shares issued and multiply it by Codan's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.

Codan Profitablity

The company has Profit Margin (PM) of 0.2 %, which maeans that even a very small decline in it revenue will erase profits resulting in a net loss. This is way below average. Similarly, it shows Operating Margin (OM) of 0.27 %, which suggests for every 100 dollars of sales, it generated a net operating income of $0.27.

Technical Drivers

As of the 3rd of January, Codan shows the risk adjusted performance of 0.0483, and Mean Deviation of 0.7902. Codan Limited technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Please confirm Codan Limited variance, and the relationship between the coefficient of variation and treynor ratio to decide if Codan Limited is priced correctly, providing market reflects its regular price of 20.0 per share. Given that Codan has variance of 8.1, we suggest you to validate Codan Limited's prevailing market performance to make sure the company can sustain itself at a future point.

Codan Limited Price Movement Analysis

Codan Predictive Daily Indicators

Codan Forecast Models

Codan's time-series forecasting models are one of many Codan's pink sheet analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Codan's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

Codan Limited Debt to Cash Allocation

Codan Limited has accumulated 52 M in total debt with debt to equity ratio (D/E) of 0.22, which may suggest the company is not taking enough advantage from borrowing. Codan Limited has a current ratio of 1.63, which is within standard range for the sector. Debt can assist Codan until it has trouble settling it off, either with new capital or with free cash flow. So, Codan's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Codan Limited sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Codan to invest in growth at high rates of return. When we think about Codan's use of debt, we should always consider it together with cash and equity.

Codan Assets Financed by Debt

Typically, companies with high debt-to-asset ratios are said to be highly leveraged. The higher the ratio, the greater risk will be associated with the Codan's operation. In addition, a high debt-to-assets ratio may indicate a low borrowing capacity of Codan, which in turn will lower the firm's financial flexibility.

Pink Sheet analysis is the technique used by a trader or investor to examine and evaluate how Codan prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Codan shares will generate the highest return on investment. We also built our pink sheet analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Pink Sheet such as Codan. By using and applying Codan Pink Sheet analysis, traders can create a robust methodology for identifying Codan entry and exit points for their positions.

When running Codan's price analysis, check to measure Codan'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 Codan is operating at the current time. Most of Codan's value examination focuses on studying past and present price action to predict the probability of Codan's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Codan's price. Additionally, you may evaluate how the addition of Codan to your portfolios can decrease your overall portfolio volatility.