Cornerstone Progressive Return Fund Net Income
Cornerstone Progressive 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 entity's future prices.
Analyzing historical trends in various income statement and balance sheet accounts from Cornerstone Progressive's financial statements helps investors evaluate the company's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Cornerstone Progressive's valuation are summarized below:Cornerstone Progressive Return does not presently have any fundamental signals for analysis. This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools. Cornerstone |
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Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
CompetitionBased on the recorded statements, Cornerstone Progressive Return reported net income of 19.2 M. This is much higher than that of the family and significantly higher than that of the Net Income category. The net income for all United States funds is notably lower than that of the firm.
Cornerstone Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Cornerstone Progressive's current stock value. Our valuation model uses many indicators to compare Cornerstone Progressive value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Cornerstone Progressive competition to find correlations between indicators driving Cornerstone Progressive's intrinsic value. More Info.Cornerstone Progressive Return is rated below average in price to earning among similar funds. It also is rated below average in price to book among similar funds fabricating about 0.07 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for Cornerstone Progressive Return is roughly 13.57 . Comparative valuation analysis is a catch-all technique that is used if you cannot value Cornerstone Progressive by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Cornerstone Fundamentals
| Return On Asset | 1.3 | |||
| Profit Margin | 260.85 % | |||
| Operating Margin | 61.13 % | |||
| Current Valuation | 278.77 M | |||
| Shares Outstanding | 16.59 M | |||
| Shares Owned By Insiders | 1.81 % | |||
| Shares Owned By Institutions | 3.30 % | |||
| Number Of Shares Shorted | 143.03 K | |||
| Price To Earning | 14.52 X | |||
| Price To Book | 1.07 X | |||
| Price To Sales | 37.87 X | |||
| Revenue | 7.36 M | |||
| Gross Profit | 1.62 M | |||
| Net Income | 19.2 M | |||
| Cash And Equivalents | 17.98 K | |||
| Current Ratio | 0.78 X | |||
| Earnings Per Share | 1.16 X | |||
| Beta | 0.41 | |||
| Market Capitalization | 279.28 M | |||
| Total Asset | 70 M | |||
| Retained Earnings | (47.74 M) |
Pair Trading with Cornerstone Progressive
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 Cornerstone Progressive 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 Cornerstone Progressive will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Microsoft could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Microsoft 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 Microsoft - 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 Microsoft to buy it.
The correlation of Microsoft 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 Microsoft moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Microsoft 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 Microsoft 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 Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in price. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Other Consideration for investing in Cornerstone Fund
If you are still planning to invest in Cornerstone Progressive 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 Cornerstone Progressive's history and understand the potential risks before investing.
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