Cornerstone Equity Fund Price on April 22, 2024
| UCEQX Fund | USD 16.68 0.15 0.91% |
Below is the normalized historical share price chart for Cornerstone Equity Fund extending back to November 05, 2012. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Cornerstone Equity stands at 16.68, as last reported on the 4th of May, with the highest price reaching 16.68 and the lowest price hitting 16.68 during the day.
If you're considering investing in Cornerstone Mutual Fund, it is important to understand the factors that can impact its price. We consider Cornerstone Equity very steady. Cornerstone Equity secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the fund had a 0.13% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Cornerstone Equity Fund, which you can use to evaluate the volatility of the entity. Please confirm Cornerstone Equity's Risk Adjusted Performance of 0.0919, mean deviation of 0.5427, and Downside Deviation of 0.6679 to double-check if the risk estimate we provide is consistent with the expected return of 0.0869%.
Cornerstone Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Cornerstone |
Sharpe Ratio = 0.1294
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| Cash | UCEQX | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 0.67 actual daily | 5 95% of assets are more volatile |
Expected Return
| 0.09 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.13 actual daily | 10 90% of assets perform better |
Based on monthly moving average Cornerstone Equity is performing at about 10% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Cornerstone Equity by adding it to a well-diversified portfolio.
Cornerstone Equity Valuation on April 22, 2024
It is possible to determine the worth of Cornerstone Equity on a given historical date. On April 22, 2024 Cornerstone was worth 16.28 at the beginning of the trading date compared to the closed value of 16.28. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Cornerstone Equity mutual fund. Still, in general, we apply an absolute valuation method to find Cornerstone Equity's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Cornerstone Equity where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Cornerstone Equity's related companies.
| Open | High | Low | Close | Volume | |
| 16.14 | 16.14 | 16.14 | 16.14 | 1.00 | |
04/22/2024 | 16.28 | 16.28 | 16.28 | 16.28 | 1.00 |
| 16.46 | 16.46 | 16.46 | 16.46 | 1.00 |
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Cornerstone Equity Trading Date Momentum on April 22, 2024
| On April 23 2024 Cornerstone Equity Fund was traded for 16.46 at the closing time. The highest daily price throughout the period was 16.46 and the lowest price was 16.46 . There was no trading activity during the period 1.0. Lack of trading volume on 04/23/2024 added to the next day price jump. The trading price change to closing price of the next trading day was 1.11% . The overall trading delta to current closing price is 1.54% . |
Cornerstone Equity Fundamentals Correlations and Trends
By evaluating Cornerstone Equity's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Cornerstone Equity's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Cornerstone financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Cornerstone Equity Mutual Fund history
Cornerstone Equity investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Cornerstone is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Cornerstone Equity will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Cornerstone Equity stock prices may prove useful in developing a viable investing in Cornerstone Equity
The fund invests at least 80 percent of its assets in a selection of affiliated mutual funds and exchange-traded funds that invest primarily in equity securities. The underlying affiliated funds consist of a long-term target asset allocation in equity securities. This is often referred to as a fund-of-funds investment strategy.
Cornerstone Equity Mutual Fund Technical Analysis
Cornerstone Equity technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
Price Boundaries
Cornerstone Equity Period Price Range
Low | April 22, 2024
| High |
16.28 | 16.28 |
Cornerstone Equity May 4, 2024 Market Strength
Market strength indicators help investors to evaluate how Cornerstone Equity mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Cornerstone Equity shares will generate the highest return on investment. By undertsting and applying Cornerstone Equity mutual fund market strength indicators, traders can identify Cornerstone Equity Fund entry and exit signals to maximize returns
Cornerstone Equity Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Cornerstone Equity's price direction in advance. Along with the technical and fundamental analysis of Cornerstone Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Cornerstone to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0919 | |||
| Jensen Alpha | 0.0184 | |||
| Total Risk Alpha | 0.0134 | |||
| Sortino Ratio | 0.0277 | |||
| Treynor Ratio | 0.0879 |
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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Cornerstone Equity Fund. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in producer price index. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.