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In the ever-evolving realm of finance, Corebridge Financial (CRBG, $16.99) found itself in the midst of a challenging quarter. Over the last three months, this financial institution witnessed a notable downturn, falling by -15.24% to $16.99 per share.
The team at A.I.dvisor tirelessly analyzed 281 stocks within the Investment Managers Industry for the 3-month period ending May 26, 2023. The results of this comprehensive study revealed fascinating insights: 83 of the stocks (29.59%) displayed an Uptrend, while a significant majority of 198 stocks (70.41%) demonstrated a Downtrend.
While the broader Investment Managers Industry experienced a mix of market trends, the specific circumstances surrounding Corebridge Financial's decline warrant closer examination. Numerous factors could have contributed to this unfortunate outcome, including economic fluctuations, industry dynamics, and company-specific challenges.
As the dust settles, investors and financial enthusiasts are left pondering the future trajectory of Corebridge Financial. Will they be able to navigate the storm and regain their foothold in the industry? Only time will reveal the answers.
In this dynamic landscape of investments, staying well-informed and making informed decisions is crucial. We remain committed to monitoring the developments surrounding Corebridge Financial and keeping you informed of any potential opportunities that may arise. Stay tuned for more insightful analysis and expert perspectives in the ever-changing realm of the Investment Managers Industry.
The Moving Average Convergence Divergence (MACD) for CRBG turned positive on September 05, 2023. Looking at past instances where CRBG's MACD turned positive, the stock continued to rise in of 5 cases over the following month. The odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on August 31, 2023. You may want to consider a long position or call options on CRBG as a result. In of 19 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
CRBG moved above its 50-day moving average on September 14, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for CRBG crossed bullishly above the 50-day moving average on September 19, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 2 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CRBG advanced for three days, in of 60 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 5 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where CRBG declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
CRBG broke above its upper Bollinger Band on September 14, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.134) is normal, around the industry mean (3.506). P/E Ratio (4.787) is within average values for comparable stocks, (31.388). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (4.182). Dividend Yield (0.049) settles around the average of (0.071) among similar stocks. P/S Ratio (0.533) is also within normal values, averaging (77.931).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. CRBG’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. CRBG’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 80, placing this stock worse than average.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows