Corus Entertainment Stock Market Value
| CJR-B Stock | CAD 0.11 0.01 8.33% |
| Symbol | Corus |
Corus Entertainment Price To Book Ratio
Corus Entertainment 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Corus Entertainment's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Corus Entertainment.
| 08/02/2023 |
| 11/24/2024 |
If you would invest 0.00 in Corus Entertainment on August 2, 2023 and sell it all today you would earn a total of 0.00 from holding Corus Entertainment or generate 0.0% return on investment in Corus Entertainment over 480 days. Corus Entertainment is related to or competes with AltaGas, Transcontinental, NorthWest Healthcare, and Aecon. Corus Entertainment Inc., a media and content company, operates specialty and conventional television networks, and radi... More
Corus Entertainment Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Corus Entertainment's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Corus Entertainment upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 65.2 | |||
| Value At Risk | (11.76) | |||
| Potential Upside | 12.5 |
Corus Entertainment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Corus Entertainment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Corus Entertainment's standard deviation. In reality, there are many statistical measures that can use Corus Entertainment historical prices to predict the future Corus Entertainment's volatility.| Risk Adjusted Performance | 0.0059 | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (1.40) | |||
| Treynor Ratio | (0.07) |
Corus Entertainment Backtested Returns
Corus Entertainment secures Sharpe Ratio (or Efficiency) of -0.0305, which signifies that the company had a -0.0305% return per unit of risk over the last 3 months. Corus Entertainment exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Corus Entertainment's Standard Deviation of 8.58, risk adjusted performance of 0.0059, and Mean Deviation of 4.8 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.66, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Corus Entertainment's returns are expected to increase less than the market. However, during the bear market, the loss of holding Corus Entertainment is expected to be smaller as well. At this point, Corus Entertainment has a negative expected return of -0.26%. Please make sure to confirm Corus Entertainment's treynor ratio, value at risk, skewness, as well as the relationship between the maximum drawdown and potential upside , to decide if Corus Entertainment performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.87 |
Very good predictability
Corus Entertainment has very good predictability. Overlapping area represents the amount of predictability between Corus Entertainment time series from 2nd of August 2023 to 29th of March 2024 and 29th of March 2024 to 24th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Corus Entertainment price movement. The serial correlation of 0.87 indicates that approximately 87.0% of current Corus Entertainment price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.87 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Corus Entertainment lagged returns against current returns
Autocorrelation, which is Corus Entertainment stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Corus Entertainment's stock expected returns. We can calculate the autocorrelation of Corus Entertainment returns to help us make a trade decision. For example, suppose you find that Corus Entertainment has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Corus Entertainment regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Corus Entertainment stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Corus Entertainment stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Corus Entertainment stock over time.
Current vs Lagged Prices |
| Timeline |
Corus Entertainment Lagged Returns
When evaluating Corus Entertainment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Corus Entertainment stock have on its future price. Corus Entertainment autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Corus Entertainment autocorrelation shows the relationship between Corus Entertainment stock current value and its past values and can show if there is a momentum factor associated with investing in Corus Entertainment.
Regressed Prices |
| Timeline |
Pair Trading with Corus Entertainment
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 Corus Entertainment 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 Corus Entertainment will appreciate offsetting losses from the drop in the long position's value.Moving against Corus Stock
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.
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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Corus Entertainment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Corus Entertainment 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 Corus Entertainment 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.Additional Tools for Corus Stock Analysis
When running Corus Entertainment's price analysis, check to measure Corus Entertainment's 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 Corus Entertainment is operating at the current time. Most of Corus Entertainment's value examination focuses on studying past and present price action to predict the probability of Corus Entertainment's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Corus Entertainment's price. Additionally, you may evaluate how the addition of Corus Entertainment to your portfolios can decrease your overall portfolio volatility.