Cornerstone Strategic Correlations

CLM Fund

USD 7.98 0.01 0.13%

The current 90-days correlation between Cornerstone Strategic and ARMOUR Residential REIT is 0.42 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cornerstone Strategic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cornerstone Strategic Value moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Cornerstone Strategic Correlation With Market

Poor diversification

The correlation between Cornerstone Strategic Value and DJI is 0.68 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cornerstone Strategic Value 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 Value. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with Cornerstone Fund

0.89	SRINX	Columbia Porate Income	Pair Corr
0.75	CUURX	Columbia Small Cap	Pair Corr
0.94	CDEYX	Columbia Diversified	Pair Corr
0.75	CDIRX	Columbia Dividend Income	Pair Corr
0.79	AMTCX	Columbia Capital All	Pair Corr
0.95	CDOYX	Columbia Dividend	Pair Corr
0.74	CVERX	Columbia Mid Cap	Pair Corr
0.78	CDVZX	Columbia Diversified	Pair Corr
0.8	CEBYX	Columbia Emerging Markets	Pair Corr
0.89	SSVIX	Columbia Select Smaller	Pair Corr
0.78	RPCCX	Columbia Capital All	Pair Corr
0.93	CFRZX	Columbia Floating Rate	Pair Corr
0.79	SCMIX	Columbia Seligman	Pair Corr
0.94	CFXRX	Columbia Flexible Capital	Pair Corr
0.82	APECX	Columbia High Yield	Pair Corr
0.95	CGFYX	Columbia Large Cap	Pair Corr
0.78	CGWRX	Columbia Large Cap	Pair Corr
0.74	NAMAX	Columbia Mid Cap	Pair Corr
0.76	UMEMX	Columbia Emerging Markets	Pair Corr
0.79	UMLGX	Columbia Select Large	Pair Corr
0.75	NSVAX	Columbia Small Cap	Pair Corr
0.81	NSTIX	Columbia Short Term	Pair Corr
0.82	CHYYX	Columbia High Yield	Pair Corr
0.89	RSERX	Victory Sophus Emerging	Pair Corr
0.81	CIBYX	Columbia Income Builder	Pair Corr
0.79	SGTRX	Columbia Seligman Global	Pair Corr
0.79	SGTTX	Columbia Seligman Global	Pair Corr
0.77	RDCEX	Columbia Disciplined	Pair Corr
0.74	RDCLX	Columbia Limited Duration	Pair Corr
0.77	CLDZX	Columbia Limited Duration	Pair Corr
0.79	CLIRX	Columbia Capital All	Pair Corr
0.74	CLREX	Columbia Balanced	Pair Corr
0.77	CLQZX	Columbia Disciplined	Pair Corr
0.78	ADECX	Columbia Diversified	Pair Corr
0.73	CLSPX	Columbia Mid Cap	Pair Corr

Related Correlations Analysis

	ARR	CRF	ECC	GOF	ORC	OXLC	RA
ARR		0.72	0.78	0.77	0.95	-0.02	0.78	ARR
CRF	0.72		0.43	0.96	0.62	-0.54	0.85	CRF
ECC	0.78	0.43		0.48	0.8	0.25	0.56	ECC
GOF	0.77	0.96	0.48		0.68	-0.43	0.91	GOF
ORC	0.95	0.62	0.8	0.68		-0.03	0.79	ORC
OXLC	-0.02	-0.54	0.25	-0.43	-0.03		-0.41	OXLC
RA	0.78	0.85	0.56	0.91	0.79	-0.41		RA
	ARR	CRF	ECC	GOF	ORC	OXLC	RA

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

GOF	+ 0.96	CRF
ORC	+ 0.95	ARR
RA	+ 0.91	GOF
RA	+ 0.85	CRF
ORC	+ 0.8	ECC
RA	+ 0.79	ORC

High negative correlations

OXLC	- 0.54	CRF
OXLC	- 0.43	GOF
RA	- 0.41	OXLC
OXLC	- 0.03	ORC
OXLC	- 0.02	ARR

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
ARR	0.98	0.20	0.13	0.41	0.89	(1.12)	2.74	(1.53)	9.06
CRF	0.97	0.10	0.07	0.23	1.28	(1.06)	2.23	(1.99)	5.80
ECC	1.01	0.13	0.05	0.44	0.91	(1.20)	2.29	(1.73)	8.53
GOF	0.46	0.04	(0.06)	0.24	0.53	(0.48)	1.10	(0.91)	2.41
ORC	0.97	0.17	0.11	0.44	0.80	(1.26)	2.47	(1.17)	8.65
OXLC	0.96	(0.14)	0.00	(0.10)	0.00	0.00	1.66	(1.98)	5.91
RA	0.36	0.05	(0.07)	0.32	0.35	(0.39)	0.88	(0.65)	2.49

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC