Erez Leket - Codere Online Head Product

CDRO Stock  USD 8.02  0.07  0.88%   

Insider

Erez Leket is Head Product of Codere Online Corp
Age 53
Address 7, rue Robert Stumper, Luxembourg, Luxembourg, 2557
Phone34 9 1354 2819
Webhttps://www.codereonline.com

Codere Online Management Efficiency

The company has return on total asset (ROA) of (0.3174) % which means that it has lost $0.3174 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.8168) %, meaning that it created substantial loss on money invested by shareholders. Codere Online's management efficiency ratios could be used to measure how well Codere Online manages its routine affairs as well as how well it operates its assets and liabilities. As of the 4th of December 2024, Return On Tangible Assets is likely to drop to -0.81. In addition to that, Return On Capital Employed is likely to grow to -2.3. At this time, Codere Online's Non Current Assets Total are very stable compared to the past year. As of the 4th of December 2024, Net Tangible Assets is likely to grow to about 81.6 M, while Total Assets are likely to drop about 60.2 M.
Codere Online Corp currently holds 4.95 M in liabilities with Debt to Equity (D/E) ratio of 0.08, which may suggest the company is not taking enough advantage from borrowing. Codere Online Corp has a current ratio of 2.22, suggesting that it is liquid enough and is able to pay its financial obligations when due. Note, when we think about Codere Online's use of debt, we should always consider it together with its cash and equity.

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Codere Online Luxembourg, S.A. operates as an online casino gaming and sports betting company. It primarily operates in Spain, Italy, Mexico, Colombia, Panama, and Argentina. Codere Online is traded on NASDAQ Exchange in the United States. Codere Online Corp (CDRO) is traded on NASDAQ Exchange in USA. It is located in 7, rue Robert Stumper, Luxembourg, Luxembourg, 2557 and employs 249 people. Codere Online is listed under Hotels, Restaurants & Leisure category by Fama And French industry classification.

Management Performance

Codere Online Corp Leadership Team

Elected by the shareholders, the Codere Online's board of directors comprises two types of representatives: Codere Online inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Codere. The board's role is to monitor Codere Online's management team and ensure that shareholders' interests are well served. Codere Online's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Codere Online's outside directors are responsible for providing unbiased perspectives on the board's policies.
Matan Shemesh, Chief Strategy
Yaiza Rodriguez, General Board
Moshe Edree, Executive Board
Gonzalo Osma, Chief Officer
Guillermo Lancha, Director Relations
Oscar Iglesias, Chief Officer
Alberto Telias, Chief Officer
Erez Leket, Head Product
Aviv Sher, Chief Officer
Deborah Guivisdalsky, Chief Officer

Codere Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Codere Online a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Pair Trading with Codere Online

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Codere Online position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Codere Online will appreciate offsetting losses from the drop in the long position's value.

Moving together with Codere Stock

  0.61WING WingstopPairCorr

Moving against Codere Stock

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  0.47JACK Jack InPairCorr
  0.43BH Biglari HoldingsPairCorr
  0.41DPZ Dominos PizzaPairCorr
  0.4GAMB Gambling GroupPairCorr
The ability to find closely correlated positions to Codere Online could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Codere Online when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Codere Online - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Codere Online Corp to buy it.
The correlation of Codere Online is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. 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. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Codere Online can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Codere Online Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
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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.