Coda Octopus Group Stock Buy Hold or Sell Recommendation

CODA Stock  USD 6.64  0.09  1.37%   
Given the investment horizon of 90 days and your way above-average risk tolerance, our recommendation regarding Coda Octopus Group is 'Hold'. 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. Key drivers impacting Coda Octopus' buy or sell advice are summarized below:
Real Value
7.72
Hype Value
6.63
Market Value
6.64
Naive Value
6.49
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Coda Octopus Group given historical horizon and risk tolerance towards Coda Octopus. When Macroaxis issues a 'buy' or 'sell' recommendation for Coda Octopus Group, the advice is generated through an automated system that utilizes algorithms and statistical models.
  
Check out 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.
In addition, we conduct extensive research on individual companies such as Coda and provide practical buy, sell, or hold advice based on investors' investing horizon and their risk tolerance towards Coda Octopus Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment.

Execute Coda Octopus Buy or Sell Advice

The Coda 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
Hold

Market Performance

OKDetails

Volatility

Somewhat reliableDetails

Hype Condition

Over hypedDetails

Current Valuation

UndervaluedDetails

Odds Of Distress

Very SmallDetails

Economic Sensitivity

Moves indifferently to market movesDetails

Investor Sentiment

ImpartialDetails

Analyst Consensus

Not AvailableDetails

Financial Strenth (F Score)

HealthyDetails

Financial Leverage

InapplicableDetails

Reporting Quality (M-Score)

Unlikely ManipulatorDetails
For the selected time horizon Coda Octopus Group has a Risk Adjusted Performance of 0.0804, Jensen Alpha of 0.2733, Total Risk Alpha of 0.1334, Sortino Ratio of 0.156 and Treynor Ratio of 0.6652
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 131.56 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 Trading Alerts and Improvement Suggestions

About 51.0% of the company shares are held by company insiders

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 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 Return
0.30
Value At Risk
-2.68
Potential Upside
4.96
Standard Deviation
2.40
   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 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 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
0.27
β
Beta against NYSE Composite0.44
σ
Overall volatility
2.40
Ir
Information ratio 0.10

Coda Octopus Volatility Alert

Coda Octopus Group has relatively low volatility with skewness of 1.31 and kurtosis of 3.28. 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 financial instruments 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 Equity0.0487-0.31
Return On Asset0.0235-0.14
Profit Margin0.13 %(1.27) %
Operating Margin0.12 %(5.51) %
Current Valuation49.28 M16.62 B
Shares Outstanding11.17 M571.82 M
Shares Owned By Insiders50.97 %10.09 %
Shares Owned By Institutions19.87 %39.21 %
Number Of Shares Shorted131.56 K4.71 M
Price To Earning23.37 X28.72 X
Price To Book1.37 X9.51 X
Price To Sales3.78 X11.42 X
Revenue19.35 M9.43 B
Gross Profit15.19 M27.38 B
EBITDA2.74 M3.9 B
Net Income3.12 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 %48.70 %
Current Ratio8.61 X2.16 X
Book Value Per Share4.49 X1.93 K
Cash Flow From Operations2.39 M971.22 M
Short Ratio6.75 X4.00 X
Earnings Per Share0.21 X3.12 X
Target Price7.5
Number Of Employees8318.84 K
Beta0.86-0.15
Market Capitalization74.3 M19.03 B
Total Asset51.84 M29.47 B
Retained Earnings(11.05 M)9.33 B
Working Capital37.61 M1.48 B
Current Asset17.58 M9.34 B
Note: 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 . 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 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.

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.

Did You Try This Idea?

Run Business Services Thematic Idea Now

Business Services
Business Services Theme
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Business Services theme has 61 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 Business Services Theme or any other thematic opportunities.
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When determining whether Coda Octopus Group offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Coda Octopus' 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 Coda Octopus Group Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Coda Octopus Group Stock:
Check out 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 the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.

Complementary Tools for Coda Stock analysis

When running Coda Octopus' price analysis, check to measure Coda Octopus' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Coda Octopus is operating at the current time. Most of Coda Octopus' value examination focuses on studying past and present price action to predict the probability of Coda Octopus' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Coda Octopus' price. Additionally, you may evaluate how the addition of Coda Octopus to your portfolios can decrease your overall portfolio volatility.
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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 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.
The market value of Coda Octopus Group is measured differently than its book value, which is the value of Coda 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 if Coda Octopus is a good investment 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.