Cornerstone Strategic Correlations

CRF Fund

USD 8.91 0.12 1.37%

The current 90-days correlation between Cornerstone Strategic and Eaton Vance National is -0.08 (i.e., Good 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

Very weak diversification

The correlation between Cornerstone Strategic Return and DJI is 0.52 (i.e., Very weak 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

0.86	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.9	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.7	HD	Home Depot	Pair Corr
0.85	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.71	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.87	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.81	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.61	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.92	WMT	Walmart Aggressive Push	Pair Corr
0.92	BAC	Bank of America Aggressive Push	Pair Corr
0.82	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr

Moving against Cornerstone Fund

0.94	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.87	KO	Coca Cola Aggressive Push	Pair Corr
0.72	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr
0.49	PG	Procter Gamble	Pair Corr
0.38	NHS	Neuberger Berman High	Pair Corr

Related Correlations Analysis

	CXH	EOT	MHD	MQT	MVF	MUI	DTF	MUE	MQY	CXE
CXH		0.67	0.72	0.66	0.65	0.4	0.48	0.66	0.72	0.73	CXH
EOT	0.67		0.69	0.73	0.49	0.28	0.25	0.52	0.74	0.74	EOT
MHD	0.72	0.69		0.93	0.9	0.32	0.12	0.68	0.96	0.89	MHD
MQT	0.66	0.73	0.93		0.88	0.15	0.15	0.79	0.9	0.86	MQT
MVF	0.65	0.49	0.9	0.88		0.27	0.14	0.72	0.86	0.81	MVF
MUI	0.4	0.28	0.32	0.15	0.27		0.05	0.11	0.42	0.4	MUI
DTF	0.48	0.25	0.12	0.15	0.14	0.05		0.32	0.06	0.11	DTF
MUE	0.66	0.52	0.68	0.79	0.72	0.11	0.32		0.64	0.58	MUE
MQY	0.72	0.74	0.96	0.9	0.86	0.42	0.06	0.64		0.93	MQY
CXE	0.73	0.74	0.89	0.86	0.81	0.4	0.11	0.58	0.93		CXE
	CXH	EOT	MHD	MQT	MVF	MUI	DTF	MUE	MQY	CXE

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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
CXH	0.31	0.02	(0.15)	0.39	0.38	(0.35)	0.62	(0.62)	2.10
EOT	0.35	0.02	(0.18)	(1.09)	0.38	(0.41)	0.75	(0.86)	2.08
MHD	0.48	(0.01)	(0.14)	1.20	0.71	(0.45)	0.88	(1.14)	3.11
MQT	0.43	(0.03)	0.00	(0.15)	0.00	0.00	0.87	(0.92)	2.73
MVF	0.46	(0.01)	(0.15)	(0.34)	0.61	(0.54)	0.83	(1.06)	2.81
MUI	0.29	0.01	(0.13)	1.78	0.48	(0.32)	0.73	(0.65)	3.31
DTF	0.23	0.01	(0.29)	(0.27)	0.24	(0.28)	0.54	(0.36)	1.96
MUE	0.38	0.03	(0.12)	0.86	0.45	(0.41)	0.85	(0.76)	2.47
MQY	0.40	(0.02)	0.00	1.08	0.00	0.00	0.81	(1.07)	2.74
CXE	0.50	(0.02)	(0.15)	0.00	0.57	(0.63)	1.33	(1.04)	3.34

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