Corus Entertainment Correlations

CJREF Stock

USD 0.03 0 9.67%

The current 90-days correlation between Corus Entertainment and White Mountains Insurance is -0.05 (i.e., Good diversification). The correlation of Corus Entertainment 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Corus Entertainment Correlation With Market

Average diversification

The correlation between Corus Entertainment and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Corus Entertainment and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Corus Entertainment could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Corus Entertainment 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 Corus Entertainment - 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 Corus Entertainment to buy it.

Moving together with Corus Pink Sheet

0.68	PG	Procter Gamble	Pair Corr
0.82	HD	Home Depot	Pair Corr

Moving against Corus Pink Sheet

0.91	DD	Dupont De Nemours	Pair Corr
0.74	LNDNF	Lundin Energy AB	Pair Corr
0.73	JNJ	Johnson Johnson	Pair Corr
0.73	XOM	Exxon Mobil Corp	Pair Corr
0.72	MRK	Merck Company	Pair Corr
0.7	KO	Coca Cola Sell-off Trend	Pair Corr
0.67	CAT	Caterpillar	Pair Corr
0.64	AXP	American Express	Pair Corr
0.62	BAC	Bank of America	Pair Corr
0.54	AA	Alcoa Corp	Pair Corr
0.53	WMT	Walmart Common Stock	Pair Corr
0.51	IBM	International Business	Pair Corr
0.49	MMM	3M Company	Pair Corr

Related Correlations Analysis

	WTM	SULMF	MMMM	SLDE	LINSA	EVMNY	HUSIF	EFRMF
WTM		0.0	0.0	0.77	0.7	0.85	-0.13	0.0	WTM
SULMF	0.0		1.0	0.0	0.0	0.0	0.0	1.0	SULMF
MMMM	0.0	1.0		0.0	0.0	0.0	0.0	1.0	MMMM
SLDE	0.77	0.0	0.0		0.63	0.76	-0.01	0.0	SLDE
LINSA	0.7	0.0	0.0	0.63		0.69	-0.55	0.0	LINSA
EVMNY	0.85	0.0	0.0	0.76	0.69		-0.13	0.0	EVMNY
HUSIF	-0.13	0.0	0.0	-0.01	-0.55	-0.13		0.0	HUSIF
EFRMF	0.0	1.0	1.0	0.0	0.0	0.0	0.0		EFRMF
	WTM	SULMF	MMMM	SLDE	LINSA	EVMNY	HUSIF	EFRMF

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

MMMM	+ 1.0	SULMF
EFRMF	+ 1.0	SULMF
EFRMF	+ 1.0	MMMM
EVMNY	+ 0.85	WTM
SLDE	+ 0.77	WTM
EVMNY	+ 0.76	SLDE

High negative correlations

HUSIF	- 0.55	LINSA
HUSIF	- 0.13	EVMNY
HUSIF	- 0.13	WTM
HUSIF	- 0.01	SLDE
EFRMF	- 0.0	HUSIF
EFRMF	- 0.0	EVMNY

Risk-Adjusted Indicators

There is a big difference between Corus Pink Sheet performing well and Corus Entertainment Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Corus Entertainment's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
WTM	1.06	0.29	0.27	0.48	0.62	(1.27)	2.19	(1.63)	12.96
SULMF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MMMM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SLDE	1.85	0.31	0.13	0.77	1.92	(2.38)	4.71	(3.61)	14.08
LINSA	0.76	0.32	0.00	(1.54)	0.00	0.00	1.52	0.00	12.23
EVMNY	2.90	0.72	0.13	(1.92)	2.90	(4.50)	7.69	(6.72)	38.54
HUSIF	3.35	(0.11)	0.00	(0.27)	0.00	0.00	9.09	(7.23)	21.13
EFRMF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Be your own money manager

Our tools can tell you how much better you can do entering a position in Corus Entertainment without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Corus Entertainment Corporate Management

Gregory McLelland	Ex Officer	Profile
Jennifer Lee	Exec Counsel	Profile
Heidi Kucher	Director Relations	Profile
BCom BComm	Ex Chairman	Profile
Cheryl Fullerton	Ex Communications	Profile
HBA MBA	CEO Pres	Profile
FCA FCPA	Ex CFO	Profile

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