Cornerstone Equity Fund Market Value
| UCEQX Fund | USD 16.46 0.18 1.11% |
| Symbol | Cornerstone |
Cornerstone Equity '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 Equity's 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 Equity.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Cornerstone Equity on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Cornerstone Equity Fund or generate 0.0% return on investment in Cornerstone Equity over 30 days. Cornerstone Equity is related to or competes with International Fund, Emerging Markets, Science Technology, Aggressive Growth, and Growth Income. The fund invests at least 80 percent of its assets in a selection of affiliated mutual funds and exchange-traded funds t... More
Cornerstone Equity 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 Equity's 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 Equity Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6523 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 3.05 | |||
| Value At Risk | (1.13) | |||
| Potential Upside | 0.9798 |
Cornerstone Equity Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cornerstone Equity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cornerstone Equity's standard deviation. In reality, there are many statistical measures that can use Cornerstone Equity historical prices to predict the future Cornerstone Equity's volatility.| Risk Adjusted Performance | 0.0802 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0753 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cornerstone Equity's 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 Equity Backtested Returns
We consider Cornerstone Equity very steady. Cornerstone Equity secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the fund had a 0.11% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Cornerstone Equity Fund, which you can use to evaluate the volatility of the entity. Please confirm Cornerstone Equity's Downside Deviation of 0.6523, mean deviation of 0.4988, and Risk Adjusted Performance of 0.0802 to double-check if the risk estimate we provide is consistent with the expected return of 0.0733%. The fund shows a Beta (market volatility) of 0.96, which signifies possible diversification benefits within a given portfolio. Cornerstone Equity returns are very sensitive to returns on the market. As the market goes up or down, Cornerstone Equity is expected to follow.
Auto-correlation | 0.26 |
Poor predictability
Cornerstone Equity Fund has poor predictability. Overlapping area represents the amount of predictability between Cornerstone Equity time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th of April 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 Equity price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current Cornerstone Equity price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Cornerstone Equity lagged returns against current returns
Autocorrelation, which is Cornerstone Equity 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 Equity's mutual fund expected returns. We can calculate the autocorrelation of Cornerstone Equity returns to help us make a trade decision. For example, suppose you find that Cornerstone Equity 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 Equity 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 Equity mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cornerstone Equity 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 Equity mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Cornerstone Equity Lagged Returns
When evaluating Cornerstone Equity's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cornerstone Equity mutual fund have on its future price. Cornerstone Equity 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 Equity autocorrelation shows the relationship between Cornerstone Equity mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Cornerstone Equity Fund.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Cornerstone Equity in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Cornerstone Equity's short interest history, or implied volatility extrapolated from Cornerstone Equity options trading.
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.Check out Cornerstone Equity Correlation, Cornerstone Equity Volatility and Cornerstone Equity Alpha and Beta module to complement your research on Cornerstone Equity. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
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.