Cornerstone Advisors Real Fund Market Value
| CAREX Fund | USD 16.63 0.11 0.67% |
| Symbol | Cornerstone |
Cornerstone Advisors '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 Cornerstone Advisors' mutual fund 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 Cornerstone Advisors.
| 11/06/2023 |
| 11/30/2024 |
If you would invest 0.00 in Cornerstone Advisors on November 6, 2023 and sell it all today you would earn a total of 0.00 from holding Cornerstone Advisors Real or generate 0.0% return on investment in Cornerstone Advisors over 390 days. Cornerstone Advisors is related to or competes with Domini Impact, Domini Impact, Amer Beacon, Domini International, and Global Advantage. Under normal circumstances, the fund invests at least 80 percent of its net assets in securities of companies that demon... More
Cornerstone Advisors 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 Cornerstone Advisors' mutual fund 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 Cornerstone Advisors Real upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.03 | |||
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 3.37 | |||
| Value At Risk | (1.39) | |||
| Potential Upside | 1.2 |
Cornerstone Advisors Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cornerstone Advisors' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cornerstone Advisors' standard deviation. In reality, there are many statistical measures that can use Cornerstone Advisors historical prices to predict the future Cornerstone Advisors' volatility.| Risk Adjusted Performance | 0.0255 | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | (0.11) | |||
| Treynor Ratio | 0.0197 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cornerstone Advisors' 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.
Cornerstone Advisors Real Backtested Returns
At this stage we consider Cornerstone Mutual Fund to be very steady. Cornerstone Advisors Real secures Sharpe Ratio (or Efficiency) of 0.0613, which signifies that the fund had a 0.0613% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Cornerstone Advisors Real, which you can use to evaluate the volatility of the entity. Please confirm Cornerstone Advisors' Downside Deviation of 1.03, risk adjusted performance of 0.0255, and Mean Deviation of 0.6912 to double-check if the risk estimate we provide is consistent with the expected return of 0.05%. The fund shows a Beta (market volatility) of 0.89, which signifies possible diversification benefits within a given portfolio. Cornerstone Advisors returns are very sensitive to returns on the market. As the market goes up or down, Cornerstone Advisors is expected to follow.
Auto-correlation | 0.49 |
Average predictability
Cornerstone Advisors Real has average predictability. Overlapping area represents the amount of predictability between Cornerstone Advisors time series from 6th of November 2023 to 19th of May 2024 and 19th of May 2024 to 30th of November 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 Cornerstone Advisors Real price movement. The serial correlation of 0.49 indicates that about 49.0% of current Cornerstone Advisors price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | 0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Cornerstone Advisors Real lagged returns against current returns
Autocorrelation, which is Cornerstone Advisors mutual fund'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 Cornerstone Advisors' mutual fund expected returns. We can calculate the autocorrelation of Cornerstone Advisors returns to help us make a trade decision. For example, suppose you find that Cornerstone Advisors has exhibited high autocorrelation historically, and you observe that the mutual fund 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 |
Cornerstone Advisors 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 Cornerstone Advisors mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cornerstone Advisors mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cornerstone Advisors mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Cornerstone Advisors Lagged Returns
When evaluating Cornerstone Advisors' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cornerstone Advisors mutual fund have on its future price. Cornerstone Advisors 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, Cornerstone Advisors autocorrelation shows the relationship between Cornerstone Advisors mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Cornerstone Advisors Real.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Cornerstone Mutual Fund
Cornerstone Advisors financial ratios help investors to determine whether Cornerstone Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Cornerstone with respect to the benefits of owning Cornerstone Advisors security.
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