Cornerstone Moderately Aggressive Fund Market Value
| USCRX Fund | USD 26.96 0.01 0.04% |
| Symbol | Cornerstone |
Cornerstone Moderately '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 Moderately'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 Moderately.
| 04/14/2024 |
| 05/14/2024 |
If you would invest 0.00 in Cornerstone Moderately on April 14, 2024 and sell it all today you would earn a total of 0.00 from holding Cornerstone Moderately Aggressive or generate 0.0% return on investment in Cornerstone Moderately over 30 days. Cornerstone Moderately is related to or competes with American Funds, American Funds, and American Balanced. The fund invests in equity securities, bonds, money market instruments, and other instruments including derivatives More
Cornerstone Moderately 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 Moderately'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 Moderately Aggressive upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4943 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 2.15 | |||
| Value At Risk | (0.86) | |||
| Potential Upside | 0.7244 |
Cornerstone Moderately Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cornerstone Moderately's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cornerstone Moderately's standard deviation. In reality, there are many statistical measures that can use Cornerstone Moderately historical prices to predict the future Cornerstone Moderately's volatility.| Risk Adjusted Performance | 0.0663 | |||
| Jensen Alpha | 0.0558 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | (0.28) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cornerstone Moderately'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 Moderately Backtested Returns
We consider Cornerstone Moderately very steady. Cornerstone Moderately 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 Moderately Aggressive, which you can use to evaluate the volatility of the entity. Please confirm Cornerstone Moderately's Risk Adjusted Performance of 0.0663, downside deviation of 0.4943, and Mean Deviation of 0.3811 to double-check if the risk estimate we provide is consistent with the expected return of 0.0621%. The fund shows a Beta (market volatility) of -0.16, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Cornerstone Moderately are expected to decrease at a much lower rate. During the bear market, Cornerstone Moderately is likely to outperform the market.
Auto-correlation | 0.67 |
Good predictability
Cornerstone Moderately Aggressive has good predictability. Overlapping area represents the amount of predictability between Cornerstone Moderately time series from 14th of April 2024 to 29th of April 2024 and 29th of April 2024 to 14th of May 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 Moderately price movement. The serial correlation of 0.67 indicates that around 67.0% of current Cornerstone Moderately price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Cornerstone Moderately lagged returns against current returns
Autocorrelation, which is Cornerstone Moderately 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 Moderately's mutual fund expected returns. We can calculate the autocorrelation of Cornerstone Moderately returns to help us make a trade decision. For example, suppose you find that Cornerstone Moderately 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 |
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Cornerstone Moderately 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 Moderately mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cornerstone Moderately 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 Moderately mutual fund over time.
Current vs Lagged Prices |
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Cornerstone Moderately Lagged Returns
When evaluating Cornerstone Moderately's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cornerstone Moderately mutual fund have on its future price. Cornerstone Moderately 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 Moderately autocorrelation shows the relationship between Cornerstone Moderately mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Cornerstone Moderately Aggressive.
Regressed Prices |
| Timeline |
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 Moderately Correlation, Cornerstone Moderately Volatility and Cornerstone Moderately Alpha and Beta module to complement your research on Cornerstone Moderately. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Cornerstone Moderately 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.