Codere Online Correlations
| CDRO Stock | USD 8.00 0.06 0.74% |
The current 90-days correlation between Codere Online Corp and Chipotle Mexican Grill is 0.14 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Codere Online moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Codere Online Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Codere Online Correlation With Market
Modest diversification
The correlation between Codere Online Corp and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Codere Online Corp and DJI in the same portfolio, assuming nothing else is changed.
Codere |
Moving against Codere Stock
Related Correlations Analysis
| -0.07 | 0.79 | -0.09 | 0.31 | CMG | ||
| -0.07 | 0.14 | 0.34 | 0.51 | WEN | ||
| 0.79 | 0.14 | 0.25 | 0.6 | WING | ||
| -0.09 | 0.34 | 0.25 | 0.72 | SHAK | ||
| 0.31 | 0.51 | 0.6 | 0.72 | PZZA | ||
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Codere Stock performing well and Codere Online Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Codere Online's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CMG | 1.76 | (0.28) | 0.00 | (0.25) | 0.00 | 3.33 | 11.14 | |||
| WEN | 1.32 | 0.03 | 0.00 | 0.15 | 1.51 | 2.92 | 8.79 | |||
| WING | 1.74 | (0.17) | 0.00 | (0.02) | 0.00 | 3.61 | 10.02 | |||
| SHAK | 2.18 | 0.17 | 0.06 | 0.29 | 2.35 | 4.87 | 22.72 | |||
| PZZA | 1.94 | 0.06 | 0.04 | 0.16 | 2.12 | 4.39 | 10.24 |
Codere Online Corporate Management
| Matan Shemesh | Chief Strategy | Profile | |
| Yaiza Rodriguez | General Board | Profile | |
| Moshe Edree | Executive Board | Profile | |
| Gonzalo Osma | Chief Officer | Profile | |
| Oscar Iglesias | Chief Officer | Profile | |
| Alberto Telias | Chief Officer | Profile |