Cornerstone Strategic Correlations

Funds . USA . 
Fund . Cornerstone Strategic Return
CRF Fund  USD 7.72  0.01  0.13%   
The current 90-days correlation between Cornerstone Strategic and Cornerstone Strategic Value is 0.9 (i.e., Almost no 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

Poor diversification

The correlation between Cornerstone Strategic Return and DJI is 0.72 (i.e., Poor 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

  0.7NEA Nuveen Amt FreePairCorr
  0.64NAD Nuveen Dividend AdvantagePairCorr
  0.92EDD Morgan Stanley EmergingPairCorr
  0.77PTY Pimco Corporate IncomePairCorr
  0.66NZF Nuveen Municipal CreditPairCorr
  0.94FIFRX Franklin GrowthPairCorr
  0.94VFIAX Vanguard 500 IndexPairCorr
  0.93MHYIX Mainstay High YieldPairCorr
  0.75PINFX Invesco Multi AssetPairCorr
  0.78GOPCX Aberdeen China OpptyPairCorr
  0.92TAAEX Transamerica Capital Steady GrowthPairCorr
  0.94LEKKX Blackrock Lifepath EsgPairCorr
  0.94APDMX Artisan Mid CapPairCorr
  0.93MAANX Mutual Of AmericaPairCorr
  1.0CLM Cornerstone StrategicPairCorr
  0.94HFLYX Hartford FloatingPairCorr
  0.94IRDAX Ishares Russell 3000PairCorr
  0.91SMGAX Saat Servative StrategyPairCorr
  0.94FLMFX Muirfield Fund RetailPairCorr
  0.94VFINX Vanguard 500 IndexPairCorr
  0.95FBKFX Fidelity BalancedPairCorr
  0.92CFWCX Calvert Global WaterPairCorr
  0.87PARTX Putman Absolute ReturnPairCorr
  0.92AONIX One Choice PortfolioPairCorr
  0.9MIFIX Miller Intermediate BondPairCorr
  0.9JINTX Johnson InternationalPairCorr
  0.95CLREX Columbia BalancedPairCorr
  0.88MSQLX International EquityPairCorr
  0.69TIORX Tiaa Cref BondPairCorr
  0.93EISIX Eagle International StockPairCorr
  0.92JIESX Jpmorgan InternationalPairCorr
  0.94GSPQX Goldman Sachs EquityPairCorr
  0.89FIWCX Fidelity Sai InternaPairCorr
  0.94TWGIX Growth Fund IPairCorr
  0.94TEIMX T Rowe PricePairCorr
  0.95RBITX American Funds 2050PairCorr
  0.72PCIMX California IntermediatePairCorr
  0.68STBDX Sierra Tactical BondPairCorr

Related Correlations Analysis

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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
+ 0.95
CLM
EDF
+ 0.89
ORC
EDF
+ 0.84
CLM
EDF
+ 0.8
GOF
GOF
+ 0.66
ORC
ORC
+ 0.65
CLM
  
High negative correlations   
OXLC
- 0.55
CLM
GOF
- 0.44
OXLC
EDF
- 0.32
OXLC
ORC
- 0.03
OXLC

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.

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