Codere Online Stock Forecast - Period Momentum Indicator
| CDRO Stock | USD 8.02 0.07 0.87% |
Codere Stock Forecast is based on your current time horizon. Although Codere Online's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Codere Online's systematic risk associated with finding meaningful patterns of Codere Online fundamentals over time.
Codere |
Most investors in Codere Online cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Codere Online's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Codere Online's price structures and extracts relationships that further increase the generated results' accuracy.
Momentum indicator evaluates the difference between todays closing price and the close price n periods ago. It is the velocity with which the price is rising or falling. It also reflects how aggressively the asset is purchased or sold by the public.| Previous Period Momentum Indicator | Period Momentum Indicator | Trend |
| (0.07) | (0.07) |
| Check Codere Online Volatility | Backtest Codere Online | Information Ratio |
Codere Online Trading Date Momentum
| On June 26 2024 Codere Online Corp was traded for 8.02 at the closing time. The top price for the day was 8.10 and the lowest listed price was 7.97 . The trading volume for the day was 27.3 K. The trading history from June 26, 2024 did not affect price variability. The overall trading delta against the current closing price is 0.50% . |
Generally speaking extended values of the momentum indicator over time are good indicators of oversold or over brought conditions.
| Compare Codere Online to competition |
Other Forecasting Options for Codere Online
For every potential investor in Codere, whether a beginner or expert, Codere Online's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Codere Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Codere. Basic forecasting techniques help filter out the noise by identifying Codere Online's price trends.Codere Online Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Codere Online stock to make a market-neutral strategy. Peer analysis of Codere Online could also be used in its relative valuation, which is a method of valuing Codere Online by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Codere Online Corp Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Codere Online's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Codere Online's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Codere Online Market Strength Events
Market strength indicators help investors to evaluate how Codere Online stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Codere Online shares will generate the highest return on investment. By undertsting and applying Codere Online stock market strength indicators, traders can identify Codere Online Corp entry and exit signals to maximize returns.
Codere Online Risk Indicators
The analysis of Codere Online's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Codere Online's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting codere stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 2.23 | |||
| Semi Deviation | 2.44 | |||
| Standard Deviation | 3.05 | |||
| Variance | 9.3 | |||
| Downside Variance | 6.82 | |||
| Semi Variance | 5.97 | |||
| Expected Short fall | (2.63) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
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When determining whether Codere Online Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Codere Online's 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 Codere Online Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Codere Online Corp Stock:Check out Historical Fundamental Analysis of Codere Online to cross-verify your projections. You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
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 (0.71) | 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 Corp 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.