Coda Octopus Group Stock Price on May 11, 2024
| CODA Stock | USD 6.65 0.04 0.60% |
Below is the normalized historical share price chart for Coda Octopus Group extending back to May 17, 1994. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Coda Octopus stands at 6.65, as last reported on the 23rd of May, with the highest price reaching 6.93 and the lowest price hitting 6.55 during the day.
If you're considering investing in Coda Stock, it is important to understand the factors that can impact its price. Coda Octopus appears to be somewhat reliable, given 3 months investment horizon. Coda Octopus Group secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Coda Octopus Group, which you can use to evaluate the volatility of the firm. Please makes use of Coda Octopus' risk adjusted performance of 0.0801, and Mean Deviation of 1.69 to double-check if our risk estimates are consistent with your expectations.
At present, Coda Octopus' Total Stockholder Equity is projected to increase significantly based on the last few years of reporting. The current year's Liabilities And Stockholders Equity is expected to grow to about 62.6 M, whereas Common Stock Total Equity is forecasted to decline to 9,335. . At present, Coda Octopus' Price To Sales Ratio is projected to increase slightly based on the last few years of reporting. The current year's Price Earnings Ratio is expected to grow to 22.22, whereas Price Book Value Ratio is forecasted to decline to 1.66. Coda Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 22nd of October 2008 | 200 Day MA 6.3413 | 50 Day MA 6.2857 | Beta 0.86 |
Coda |
Sharpe Ratio = 0.1295
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Estimated Market Risk
| 2.4 actual daily | 21 79% of assets are more volatile |
Expected Return
| 0.31 actual daily | 6 94% of assets have higher returns |
Risk-Adjusted Return
| 0.13 actual daily | 10 90% of assets perform better |
Based on monthly moving average Coda Octopus is performing at about 10% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Coda Octopus by adding it to a well-diversified portfolio.
Price Book 1.3724 | Enterprise Value Ebitda 13.1805 | Price Sales 3.778 | Shares Float 6.2 M | Wall Street Target Price 7.5 |
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Coda Octopus Valuation on May 11, 2024
It is possible to determine the worth of Coda Octopus on a given historical date. On May 11, 2024 Coda was worth 6.7 at the beginning of the trading date compared to the closed value of 7.02. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Coda Octopus stock. Still, in general, we apply an absolute valuation method to find Coda Octopus' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Coda Octopus where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Coda Octopus' related companies.
| Open | High | Low | Close | Volume | |
| 7.15 | 7.15 | 6.83 | 6.89 | 4,608 | |
05/10/2024 | 6.70 | 7.13 | 6.66 | 7.02 | 6,470 |
| 6.86 | 6.87 | 6.56 | 6.65 | 12,179 |
| Backtest Coda Octopus | | | Coda Octopus History | | | Coda Octopus Valuation | Previous | Next |
Coda Octopus Trading Date Momentum on May 11, 2024
| On May 13 2024 Coda Octopus Group was traded for 6.65 at the closing time. The top price for the day was 6.87 and the lowest listed price was 6.56 . The trading volume for the day was 12.2 K. The trading history from May 13, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 5.27% . The overall trading delta against the current closing price is 6.41% . |
Coda Octopus Group Fundamentals Correlations and Trends
By evaluating Coda Octopus' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Coda Octopus' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Coda financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Coda Octopus Stock history
Coda Octopus investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Coda is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Coda Octopus Group will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Coda Octopus stock prices may prove useful in developing a viable investing in Coda Octopus
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 13 M | 7.4 M | |
| Net Income Applicable To Common Shares | 4.9 M | 3.7 M |
Coda Octopus Quarterly Net Working Capital |
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Coda Octopus Stock Technical Analysis
Coda Octopus technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Coda Octopus Period Price Range
Low | May 10, 2024
| High |
6.70 | 7.02 |
Coda Octopus May 23, 2024 Market Strength
Market strength indicators help investors to evaluate how Coda Octopus stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Coda Octopus shares will generate the highest return on investment. By undertsting and applying Coda Octopus stock market strength indicators, traders can identify Coda Octopus Group entry and exit signals to maximize returns
Coda Octopus Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Coda Octopus' price direction in advance. Along with the technical and fundamental analysis of Coda Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Coda to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0801 | |||
| Jensen Alpha | 0.2606 | |||
| Total Risk Alpha | 0.0087 | |||
| Sortino Ratio | 0.1361 | |||
| Treynor Ratio | 0.7014 |
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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in 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. 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 Stocks Directory module to find actively traded stocks across global markets.
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.
Quarterly Earnings Growth (0.53) | Earnings Share 0.21 | Revenue Per Share 1.63 | Quarterly Revenue Growth (0.20) | Return On Assets 0.0235 |
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.