Cornerstone Strategic Correlations

CRF Fund

USD 9.48 0.18 1.94%

The current 90-days correlation between Cornerstone Strategic and Cornerstone Strategic Value is 0.79 (i.e., Poor 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

Very weak diversification

The correlation between Cornerstone Strategic Return and DJI is 0.5 (i.e., Very weak 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

0.92	VFIAX	Vanguard 500 Index	Pair Corr
0.92	VFINX	Vanguard 500 Index	Pair Corr
0.92	BDJ	Blackrock Enhanced Equity	Pair Corr
0.86	CII	Blackrock Enhanced	Pair Corr
0.9	WWLAX	Westwood Largecap Value	Pair Corr
0.81	GAB	Gabelli Equity Trust	Pair Corr
0.76	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.92	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.9	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.87	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.95	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.74	HD	Home Depot	Pair Corr
0.86	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.92	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.84	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.68	HPQ	HP Inc	Pair Corr
0.93	WMT	Walmart Aggressive Push	Pair Corr

Moving against Cornerstone Fund

0.71	CIFRX	Columbia Porate Income	Pair Corr
0.69	LIIAX	Columbia Porate Income	Pair Corr
0.68	SRINX	Columbia Porate Income	Pair Corr
0.9	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.63	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

Related Correlations Analysis

	CLM	OXLC	ORC	GOF	EDF
CLM		0.87	-0.24	0.84	-0.56	CLM
OXLC	0.87		-0.34	0.72	-0.44	OXLC
ORC	-0.24	-0.34		-0.41	0.11	ORC
GOF	0.84	0.72	-0.41		-0.43	GOF
EDF	-0.56	-0.44	0.11	-0.43		EDF
	CLM	OXLC	ORC	GOF	EDF

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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

OXLC	+ 0.87	CLM
GOF	+ 0.84	CLM
GOF	+ 0.72	OXLC
EDF	+ 0.11	ORC

High negative correlations

EDF	- 0.56	CLM
EDF	- 0.44	OXLC
EDF	- 0.43	GOF
GOF	- 0.41	ORC
ORC	- 0.34	OXLC
ORC	- 0.24	CLM

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
CLM	0.59	0.28	0.38	0.63	0.00	(0.87)	1.75	(0.76)	2.82
OXLC	0.43	0.03	(0.11)	0.25	0.44	(0.53)	0.95	(0.59)	3.24
ORC	0.85	(0.03)	(0.07)	0.02	1.42	(0.80)	1.69	(2.02)	6.41
GOF	0.35	0.07	(0.04)	0.56	0.26	(0.38)	0.98	(0.58)	1.94
EDF	0.73	(0.08)	0.00	(0.46)	0.00	0.00	1.82	(2.19)	4.80

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