Codere Online Correlations

CDRO Stock

USD 7.18 0.04 0.56%

The current 90-days correlation between Codere Online Corp and LATAM Airlines Group is -0.02 (i.e., Good 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

Significant diversification

The correlation between Codere Online Corp and DJI is 0.05 (i.e., Significant 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.

Build AI portfolio with Codere 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 real.

Moving together with Codere Stock

0.64	SGR	The Star Entertainment	Pair Corr
0.72	CDROW	Codere Online Luxembourg	Pair Corr
0.88	DRI	Darden Restaurants	Pair Corr
0.72	GMR	Gaming Realms plc	Pair Corr
0.84	XPOF	Xponential Fitness	Pair Corr
0.75	FLTR	Flutter Entertainment PLC	Pair Corr
0.74	PENN	Penn National Gaming	Pair Corr
0.72	REBN	Reborn Coffee	Pair Corr
0.84	PTEC	Playtech Plc	Pair Corr
0.88	RICK	RCI Hospitality Holdings Earnings Call This Week	Pair Corr
0.65	STKS	One Group Hospitality	Pair Corr

Moving against Codere Stock

0.85	CNC	Concurrent Technologies	Pair Corr
0.66	BOWL	Hollywood Bowl Group	Pair Corr
0.47	CEH	Coast Entertainment	Pair Corr
0.46	VARE	Various Eateries PLC	Pair Corr
0.74	YNGN	Young Cos Brewery	Pair Corr
0.69	PTAIY	Astra International Tbk	Pair Corr
0.55	PUTKY	United Tractors Tbk	Pair Corr
0.47	EC	Ecopetrol SA ADR	Pair Corr
0.45	CKF	Collins Foods	Pair Corr
0.43	ARKR	Ark Restaurants Corp	Pair Corr
0.37	PKX	POSCO Holdings	Pair Corr
0.78	ETR	Entergy	Pair Corr
0.73	GGB	Gerdau SA ADR Aggressive Push	Pair Corr
0.69	A	Agilent Technologies	Pair Corr
0.68	CCJ	Cameco Corp	Pair Corr

Related Correlations Analysis

	LTM	SKYZF	PLAY	GPAIF	TRUA	TME	DLPN	LYV
LTM		0.0	0.65	0.0	0.0	0.25	-0.49	0.3	LTM
SKYZF	0.0		0.0	-1.0	-1.0	0.0	0.0	0.0	SKYZF
PLAY	0.65	0.0		0.0	0.0	0.73	-0.82	0.79	PLAY
GPAIF	0.0	-1.0	0.0		1.0	0.0	0.0	0.0	GPAIF
TRUA	0.0	-1.0	0.0	1.0		0.0	0.0	0.0	TRUA
TME	0.25	0.0	0.73	0.0	0.0		-0.73	0.95	TME
DLPN	-0.49	0.0	-0.82	0.0	0.0	-0.73		-0.78	DLPN
LYV	0.3	0.0	0.79	0.0	0.0	0.95	-0.78		LYV
	LTM	SKYZF	PLAY	GPAIF	TRUA	TME	DLPN	LYV

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

TRUA	+ 1.0	GPAIF
LYV	+ 0.95	TME
LYV	+ 0.79	PLAY
TME	+ 0.73	PLAY
PLAY	+ 0.65	LTM
LYV	+ 0.3	LTM

High negative correlations

TRUA	- 1.0	SKYZF
GPAIF	- 1.0	SKYZF
DLPN	- 0.82	PLAY
LYV	- 0.78	DLPN
DLPN	- 0.73	TME
DLPN	- 0.49	LTM

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
LTM	1.48	(0.04)	0.00	0.19	0.00	0.00	3.24	(3.47)	8.50
SKYZF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PLAY	3.14	(0.64)	0.00	(0.17)	0.00	0.00	6.23	(5.91)	20.34
GPAIF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TRUA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TME	1.73	(0.45)	0.00	(0.57)	0.00	0.00	3.39	(4.39)	12.10
DLPN	3.61	0.48	0.12	0.29	3.93	(4.11)	9.85	(6.51)	21.98
LYV	1.28	(0.37)	0.00	(0.89)	0.00	0.00	2.21	(2.77)	14.25

Codere Online Corporate Management

Matan Shemesh	Chief Strategy	Profile
Yaiza Rodriguez	General Board	Profile
Moshe Edree	Executive Board	Profile
Amalia Lpez	Chief Officer	Profile
Marcus Arildsson	Chief Officer	Profile
Gonzalo Osma	Chief Officer	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC