Corus Entertainment Stock Technical Analysis
| CJREFDelisted Stock | USD 0.54 0.01 1.89% |
As of the 25th of April, Corus Entertainment shows the Mean Deviation of 2.52, risk adjusted performance of 0.0114, and Downside Deviation of 4.03. Corus Entertainment technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to analyze and collect data for nineteen technical drivers for Corus Entertainment, which can be compared to its peers. Please confirm Corus Entertainment jensen alpha and the relationship between the value at risk and kurtosis to decide if Corus Entertainment is priced correctly, providing market reflects its regular price of 0.54 per share. As Corus Entertainment is a penny stock we also strongly suggest to validate its total risk alpha numbers.
Corus Entertainment Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Corus, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to CorusCorus |
Corus Entertainment technical pink sheet 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, pink sheet market cycles, or different charting patterns.
Corus Entertainment Technical Analysis
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Corus Entertainment Trend Analysis
Use this graph to draw trend lines for Corus Entertainment. You can use it to identify possible trend reversals for Corus Entertainment as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Corus Entertainment price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Corus Entertainment Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Corus Entertainment applied against its price change over selected period. The best fit line has a slop of 0.0018 , which may suggest that Corus Entertainment market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.12, which is the sum of squared deviations for the predicted Corus Entertainment price change compared to its average price change.About Corus Entertainment Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Corus Entertainment on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Corus Entertainment based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Corus Entertainment price pattern first instead of the macroeconomic environment surrounding Corus Entertainment. By analyzing Corus Entertainment's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Corus Entertainment's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Corus Entertainment specific price patterns or momentum indicators. Please read more on our technical analysis page.
Corus Entertainment April 25, 2024 Technical Indicators
Most technical analysis of Corus help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Corus from various momentum indicators to cycle indicators. When you analyze Corus charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Price Transform | ||
| Statistic Functions | ||
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| Volume Indicators |
| Risk Adjusted Performance | 0.0114 | |||
| Market Risk Adjusted Performance | 0.0043 | |||
| Mean Deviation | 2.52 | |||
| Semi Deviation | 2.76 | |||
| Downside Deviation | 4.03 | |||
| Coefficient Of Variation | 22704.82 | |||
| Standard Deviation | 4.77 | |||
| Variance | 22.71 | |||
| Information Ratio | (0.01) | |||
| Jensen Alpha | 0.1603 | |||
| Total Risk Alpha | (0.58) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.01) | |||
| Maximum Drawdown | 35.19 | |||
| Value At Risk | (5.88) | |||
| Potential Upside | 4.62 | |||
| Downside Variance | 16.22 | |||
| Semi Variance | 7.59 | |||
| Expected Short fall | (5.22) | |||
| Skewness | 3.1 | |||
| Kurtosis | 15.62 |
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 income. Note that the Corus Entertainment information on this page should be used as a complementary analysis to other Corus Entertainment'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 Share Portfolio module to track or share privately all of your investments from the convenience of any device.
Other Consideration for investing in Corus Pink Sheet
If you are still planning to invest in Corus Entertainment 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 Corus Entertainment's history and understand the potential risks before investing.
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