Codiak Biosciencesinc Stock Beneish M Score
| CDAKDelisted Stock | USD 0.01 0 14.15% |
Codiak |
At this time, Codiak BioSciencesInc's M Score is unavailable. The earnings manipulation may begin if Codiak BioSciencesInc's top management creates an artificial sense of financial success, forcing the stock price to be traded at a high price-earnings multiple than it should be. In general, excessive earnings management by Codiak BioSciencesInc executives may lead to removing some of the operating profits from subsequent periods to inflate earnings in the following periods. This way, the manipulation of Codiak BioSciencesInc's earnings can lead to misrepresentations of actual financial condition, taking the otherwise loyal stakeholders on to the path of questionable ethical practices and plain fraud.
-4.84
Beneish M Score - Unavailable
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About Codiak BioSciencesInc Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Codiak BioSciencesInc's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Codiak BioSciencesInc using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Codiak BioSciencesInc based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Codiak BioSciencesInc in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Codiak BioSciencesInc's short interest history, or implied volatility extrapolated from Codiak BioSciencesInc options trading.
Pair Trading with Codiak BioSciencesInc
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Codiak BioSciencesInc position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Codiak BioSciencesInc will appreciate offsetting losses from the drop in the long position's value.Moving against Codiak Stock
| 0.91 | WMT | Walmart Financial Report 16th of May 2024 | PairCorr |
| 0.86 | AXP | American Express Financial Report 19th of July 2024 | PairCorr |
| 0.81 | JPM | JPMorgan Chase Financial Report 12th of July 2024 | PairCorr |
| 0.8 | GE | GE Aerospace Financial Report 23rd of July 2024 | PairCorr |
| 0.8 | CAT | Caterpillar Earnings Call Today | PairCorr |
The ability to find closely correlated positions to Codiak BioSciencesInc could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Codiak BioSciencesInc when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Codiak BioSciencesInc - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Codiak BioSciencesInc to buy it.
The correlation of Codiak BioSciencesInc is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Codiak BioSciencesInc moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Codiak BioSciencesInc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Codiak BioSciencesInc can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the Codiak BioSciencesInc information on this page should be used as a complementary analysis to other Codiak BioSciencesInc's 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 Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Other Consideration for investing in Codiak Stock
If you are still planning to invest in Codiak BioSciencesInc check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Codiak BioSciencesInc's history and understand the potential risks before investing.
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