Codere Online Total Risk Alpha
| CDRO Stock | | | USD 8.17 -0.03 -0.37% |
Historical market data for Codere Online Corp forms the basis of the Total Risk Alpha indicator shown here. The indicator computation uses normalized market activity data. Market data gaps can influence the computed indicator values. Codere Online has a market cap of 247.83 M, operating margin of 2.74%, ROE of 17.19%. Review
Trending Equities for a broader allocation view. Current allocation data is available for review. Allocation context is based on the most recent position data. A position in Codere Online Corp is part of the allocation. This appears in the portfolio view. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in main economic indicators.
Codere Online Corp has current Total Risk Alpha of 0.2816. The total risk alpha measures the performance of an asset by comparing its returns with those of a selected benchmark portfolio.
Total Risk Alpha | = | RFR + (ER[b] - ER[a]) | x | STD[a] / STD[b] |
| = | 0.2816 | |
| ER[a] | = | Expected return on investing in Codere Online |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Codere Online |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Total Risk Alpha Peers Comparison
Total Risk Alpha Relative To Other Indicators
Codere Online Corp lands at
#4 in total risk alpha compared to key competitors. It is currently under evaluation in maximum drawdown compared to key competitors producing
36.76 in Maximum Drawdown for each unit of Total Risk Alpha. The spread between Maximum Drawdown and Total Risk Alpha for Codere Online Corp sits at
36.76 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare Codere Online to Peers
Other Technical Indicators