Coda Octopus Stock Buy Hold or Sell Recommendation

CODA Stock  USD 8.20  0.08  0.99%   
Given the investment horizon of 90 days and your above-average risk tolerance, our recommendation regarding Coda Octopus Group is 'Strong Buy'. Macroaxis provides Coda Octopus buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding CODA positions. The advice algorithm takes into account all of Coda Octopus' available fundamental, technical, and predictive indicators you will find on this site.
  
The advice is provided from Coda Octopus' buy-and-hold perspective. Continue to Coda Octopus Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. We conduct extensive research on individual companies such as Coda Octopus and provide practical buy, sell, or hold advice based on selected investing horizon and risk tolerance towards Coda Octopus Group.

Execute Coda Octopus Buy or Sell Advice

The Coda Octopus recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Coda Octopus Group. Macroaxis does not own or have any residual interests in Coda Octopus Group or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Coda Octopus' advice using the current market data and latest reported fundamentals.

Time Horizon

Risk Tolerance

Execute Advice
Sell Coda OctopusBuy Coda Octopus
Strong Buy

Volatility

Details

Hype Condition

Details

Current Valuation

Details

Odds of Distress

Details

Economic Sensitivity

Details

Analyst Consensus

Not Available
Details

Financial Strenth (F Score)

Details

Financial Leverage

Inapplicable
Details

Reporting Quality (M-Score)

Details
For the selected time horizon Coda Octopus Group has a Risk Adjusted Performance of 0.2606, Jensen Alpha of 0.3817, Total Risk Alpha of 0.1241, Sortino Ratio of 0.1292 and Treynor Ratio of 1.17
We provide trade advice to complement the prevailing expert consensus on Coda Octopus Group. Our dynamic recommendation engine uses a multidimensional algorithm to analyze the company's potential to grow using all technical and fundamental data available at the time. To make sure Coda Octopus is not overpriced, please confirm all Coda Octopus Group fundamentals, including its shares owned by institutions, price to sales, and the relationship between the shares outstanding and price to earning . Given that Coda Octopus Group has a number of shares shorted of 187.21 K, we suggest you to validate Coda Octopus Group market performance and probability of bankruptcy to ensure the company can sustain itself in the current economic cycle given your prevailing risk tolerance and investing horizon.

Coda Octopus Returns Distribution Density

The distribution of Coda Octopus' historical returns is an attempt to chart the uncertainty of Coda Octopus' future price movements. The chart of the probability distribution of Coda Octopus stock daily returns describes the distribution of returns around its average expected value. We use Coda Octopus Group price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Coda Octopus returns is essential to provide solid investment advice for Coda Octopus.
Mean Return0.46Value At Risk-2.94
Potential Upside3.73Standard Deviation2.01
   Return Density   
       Distribution  
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Coda Octopus historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.

Coda Octopus Stock Institutional Investors

Have you ever been surprised when a price of an equity instrument such as Coda Octopus is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Coda Octopus Group backward and forwards among themselves. Coda Octopus' institutional investor refers to the entity that pools money to purchase Coda Octopus' securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Security TypeSharesValue
Winton Group LtdCommon Shares21.4 K118 K
Winton Group LtdCommon Shares20.6 K106 K
Winton Group LtdCommon Shares14.5 K82 K
Winton Group LtdCommon Shares17.4 K146 K
Winslow Evans Crocker IncCommon Shares1951000
Winslow Evans Crocker IncCommon Shares196K
Winslow Evans Crocker IncCommon Shares196K
Note, although Coda Octopus' institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Coda Octopus Cash Flow Accounts

201820192020202120222023 (projected)
Capital Expenditure(565.29 K)(1.54 M)(835.13 K)(850.89 K)(978.53 K)(1.06 M)
Depreciation Amortization and Accretion774.74 K833.77 K806.69 K924.07 K1.06 M1.02 M
Net Cash Flow or Change in Cash and Cash Equivalents660.88 K4.21 M3.41 M2.61 M3.01 M2.61 M
Issuance Repayment of Debt Securities(6.26 M)(964.66 K)162.41 K139.32 K160.22 K172.87 K
Net Cash Flow from Financing(942.38 K)(692.71 K)162.41 K139.32 K160.22 K172.87 K
Net Cash Flow from Investing(637.15 K)(1.58 M)(998.34 K)(964.2 K)(1.11 M)(1.2 M)
Net Cash Flow from Operations2.43 M6.39 M4.43 M3.27 M2.94 M2.81 M
Effect of Exchange Rate Changes on Cash(190.23 K)93.25 K(185.87 K)168.48 K193.75 K209.05 K
Share Based Compensation448.5 K650.41 K610.78 K1.05 M1.21 M1.3 M

Coda Octopus Greeks

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Coda Octopus or Electronic Equipment, Instruments & Components sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Coda Octopus' price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Coda Octopus stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α
Alpha over NYSE Composite
0.38
β
Beta against NYSE Composite0.39
σ
Overall volatility
2.04
Ir
Information ratio 0.13

Coda Octopus Volatility Alert

Coda Octopus Group currently demonstrates below-average downside deviation. It has Information Ratio of 0.13 and Jensen Alpha of 0.38. However, we advise investors to further question Coda Octopus Group expected returns to ensure all indicators are consistent with the current outlook about its relatively low value at risk. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Coda Octopus' stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Coda Octopus' stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.

Coda Octopus Fundamentals Vs Peers

Comparing Coda Octopus' fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Coda Octopus' direct or indirect competition across all of the common fundamentals between Coda Octopus and the related equities. This way, we can detect undervalued stocks with similar characteristics as Coda Octopus or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Coda Octopus' fundamental indicators could also be used in its relative valuation, which is a method of valuing Coda Octopus by comparing valuation metrics with those of similar companies.
    
 Better Than Average     
    
 Worse Than Average Compare Coda Octopus to competition
FundamentalsCoda OctopusPeer Average
Return On Equity0.09 %(0.31) %
Return On Asset0.06 %(0.14) %
Profit Margin0.17 %(1.27) %
Operating Margin0.21 %(5.51) %
Current Valuation55.94 M16.62 B
Shares Outstanding10.86 M571.82 M
Shares Owned by Insiders56.43 %10.09 %
Shares Owned by Institutions18.95 %39.21 %
Number of Shares Shorted187.21 K4.71 M
Price to Earning23.37 X28.72 X
Price to Book1.72 X9.51 X
Price to Sales3.38 X11.42 X
Revenue21.33 M9.43 B
Gross Profit14.77 M27.38 B
EBITDA6.23 M3.9 B
Net Income4.95 M570.98 M
Cash and Equivalents21.47 M2.7 B
Cash per Share1.98 X5.01 X
Total Debt193.34 K5.32 B
Debt to Equity0.004 %48.70 %
Current Ratio8.61 X2.16 X
Book Value Per Share3.94 X1.93 K
Cash Flow from Operations3.27 M971.22 M
Short Ratio13.02 X4.00 X
Earnings Per Share0.32 X3.12 X
Target Price8.0
Number of Employees9518.84 K
Beta1.16-0.15
Market Capitalization88.13 M19.03 B
Total Asset45.47 M29.47 B
Retained Earnings(33.21 M)9.33 B
Working Capital13.96 M1.48 B
Current Asset17.58 M9.34 B
   Coda Octopus exotic insider transaction detected [view details]

Coda Octopus Market Momentum

Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Coda Octopus . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.

About Coda Octopus Buy or Sell Advice

When is the right time to buy or sell Coda Octopus Group? Buying financial instruments such as Coda Octopus Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
 2019 2020 2022 2023 (projected)
Receivables2.88 M5.85 M5.27 M4.7 M
Inventories9.14 M10.69 M9.62 M10.38 M

Use Investing Ideas to Build Portfolios

In addition to having Coda Octopus in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Biotech
Biotech Theme
Companies specialized in biotechnology production and delivery of pharmaceuticals services. The Biotech theme has 40 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Biotech Theme or any other thematic opportunities.
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Continue to Coda Octopus Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note that the Coda Octopus Group information on this page should be used as a complementary analysis to other Coda Octopus' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..

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Is Coda Octopus' industry 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 Coda Octopus. If investors know Coda Octopus 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 Coda Octopus listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.231
Market Capitalization
88.1 M
Quarterly Revenue Growth
0.076
Return On Assets
0.0636
Return On Equity
0.088
The market value of Coda Octopus Group is measured differently than its book value, which is the value of Coda Octopus that is recorded on the company's balance sheet. Investors also form their own opinion of Coda Octopus' value that differs from its market value or its book value, called intrinsic value, which is Coda Octopus' 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 Coda Octopus' market value can be influenced by many factors that don't directly affect Coda Octopus' 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 Coda Octopus' value and its price as these two are different measures arrived at by different means. Investors typically determine Coda Octopus value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Coda Octopus' 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.