Cornerstone Strategic Correlations

CRF Fund

USD 8.83 0.12 1.38%

The current 90-days correlation between Cornerstone Strategic and Cornerstone Strategic Value is 0.95 (i.e., Almost no diversification). The correlation of Cornerstone Strategic 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.

Cornerstone Strategic Correlation With Market

Modest diversification

The correlation between Cornerstone Strategic Return and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cornerstone Strategic Return and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cornerstone Strategic Return. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Cornerstone Fund

0.74	ALCEX	Avantis Large Cap	Pair Corr
0.74	DFEOX	Us E Equity	Pair Corr
0.7	EVT	Eaton Vance Tax	Pair Corr
0.66	APWEX	World Energy	Pair Corr
0.63	ARTNX	Artisan Select Equity	Pair Corr
0.62	HCYAX	Direxion Hilton Tactical	Pair Corr
0.7	DURPX	Us High Relative	Pair Corr
0.71	VOLJX	Abr 7525 Volatility	Pair Corr
0.69	VFIAX	Vanguard 500 Index	Pair Corr
0.7	USA	Liberty All Star	Pair Corr
0.64	AGTHX	Growth Fund	Pair Corr
0.61	JRODX	J Hancock Ii	Pair Corr
0.69	VFINX	Vanguard 500 Index	Pair Corr
0.67	LTMIX	Thornburg Limited Term	Pair Corr
0.66	GSWPX	Goldman Sachs Smallmid	Pair Corr

Related Correlations Analysis

	CLM	OXLC	ORC	GOF	EDF
CLM		0.51	0.63	0.37	0.34	CLM
OXLC	0.51		0.25	0.54	0.43	OXLC
ORC	0.63	0.25		-0.01	0.26	ORC
GOF	0.37	0.54	-0.01		0.18	GOF
EDF	0.34	0.43	0.26	0.18		EDF
	CLM	OXLC	ORC	GOF	EDF

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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

ORC	+ 0.63	CLM
GOF	+ 0.54	OXLC
OXLC	+ 0.51	CLM
EDF	+ 0.43	OXLC
GOF	+ 0.37	CLM
EDF	+ 0.34	CLM

High negative correlations

GOF

- 0.01

ORC

Risk-Adjusted Indicators

There is a big difference between Cornerstone Fund performing well and Cornerstone Strategic Fund 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 Cornerstone Strategic'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
CLM	0.88	0.18	0.06	0.52	1.68	(0.98)	1.81	(1.16)	9.60
OXLC	0.45	0.02	(0.06)	0.15	0.49	(0.58)	1.00	(1.00)	2.96
ORC	0.79	0.06	0.00	0.32	0.91	(0.86)	1.41	(1.68)	4.16
GOF	0.45	(0.04)	0.00	(0.13)	0.00	0.00	0.85	(1.10)	2.89
EDF	0.94	0.10	0.03	0.37	1.02	(1.16)	2.06	(1.91)	5.63

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