Corus Entertainment Market Value
CJREFDelisted Stock | USD 0.54 0.01 1.82% |
Symbol | Corus |
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 pink sheet 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.
02/27/2024 |
| 03/28/2024 |
If you would invest 0.00 in Corus Entertainment on February 27, 2024 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 30 days. Corus Entertainment is related to or competes with Apogee Enterprises, Jeld Wen, Minerals Technologies, Logan Ridge, Western Copper, and Artisan Partners. 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 pink sheet 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.
Downside Deviation | 4.03 | |||
Information Ratio | (0.02) | |||
Maximum Drawdown | 35.19 | |||
Value At Risk | (5.88) | |||
Potential Upside | 4.62 |
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 | 0.0113 | |||
Jensen Alpha | 0.1159 | |||
Total Risk Alpha | (1.06) | |||
Sortino Ratio | (0.03) | |||
Treynor Ratio | (0.01) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Corus Entertainment's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Corus Entertainment Backtested Returns
We consider Corus Entertainment out of control. Corus Entertainment secures Sharpe Ratio (or Efficiency) of 0.016, which signifies that the company had a 0.016% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Corus Entertainment, which you can use to evaluate the volatility of the firm. Please confirm Corus Entertainment's Mean Deviation of 2.52, downside deviation of 4.03, and Risk Adjusted Performance of 0.0113 to double-check if the risk estimate we provide is consistent with the expected return of 0.0786%. Corus Entertainment has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.84, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Corus Entertainment are expected to decrease at a much lower rate. During the bear market, Corus Entertainment is likely to outperform the market. Corus Entertainment right now shows a risk of 4.92%. Please confirm Corus Entertainment semi variance, rate of daily change, and the relationship between the value at risk and kurtosis , to decide if Corus Entertainment will be following its price patterns.
Auto-correlation | 0.04 |
Virtually no predictability
Corus Entertainment has virtually no predictability. Overlapping area represents the amount of predictability between Corus Entertainment time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 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 0.04 indicates that only as little as 4.0% of current Corus Entertainment price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.04 | |
Spearman Rank Test | -0.1 | |
Residual Average | 0.0 | |
Price Variance | 0.0 |
Corus Entertainment lagged returns against current returns
Autocorrelation, which is Corus Entertainment pink sheet'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 pink sheet 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 pink sheet 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 pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Corus Entertainment pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Corus Entertainment pink sheet 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 pink sheet 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 pink sheet 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.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.Check out Corus Entertainment Correlation, Corus Entertainment Volatility and Corus Entertainment Alpha and Beta module to complement your research on Corus Entertainment. 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 Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
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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