Cornerstone Strategic Financial Statements From 2010 to 2024
| CRF Fund | USD 7.26 0.07 0.97% |
Market Capitalization 737.3 M |
Check Cornerstone Strategic financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Cornerstone main balance sheet or income statement drivers, such as , as well as many exotic indicators such as . Cornerstone financial statements analysis is a perfect complement when working with Cornerstone Strategic Valuation or Volatility modules.
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Cornerstone Strategic Return Fund Beta Analysis
Cornerstone Strategic's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Cornerstone Strategic Beta | 1.14 |
Most of Cornerstone Strategic's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Cornerstone Strategic Return is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Cornerstone Strategic Return has a Beta of 1.14. This is much higher than that of the Financial Services family and significantly higher than that of the Asset Management category. The beta for all United States funds is notably lower than that of the firm.
Cornerstone Strategic Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Cornerstone Strategic's current stock value. Our valuation model uses many indicators to compare Cornerstone Strategic value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Cornerstone Strategic competition to find correlations between indicators driving Cornerstone Strategic's intrinsic value. More Info.Cornerstone Strategic Return is third largest fund in price to earning among similar funds. It is the top fund in price to book among similar funds fabricating about 0.13 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for Cornerstone Strategic Return is roughly 7.69 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Cornerstone Strategic by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Cornerstone Strategic's Fund. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Cornerstone Strategic's earnings, one of the primary drivers of an investment's value.About Cornerstone Strategic Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Cornerstone Strategic income statement, its balance sheet, and the statement of cash flows. Cornerstone Strategic investors use historical funamental indicators, such as Cornerstone Strategic's revenue or net income, to determine how well the company is positioned to perform in the future. Although Cornerstone Strategic investors may use each financial statement separately, they are all related. The changes in Cornerstone Strategic's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Cornerstone Strategic's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Cornerstone Strategic Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Cornerstone Strategic. Please read more on our technical analysis and fundamental analysis pages.
Cornerstone Total Return Fund, Inc. is a closed-ended equity mutual fund launched and managed by Cornerstone Advisors, Inc. Cornerstone Total Return Fund, Inc. was formed on March 16, 1973 and is domiciled in the United States. Cornerstone Strategic operates under Asset Management classification in the United States and is traded on NYSEMKT Exchange.
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 Strategic 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 Strategic's short interest history, or implied volatility extrapolated from Cornerstone Strategic options trading.
Pair Trading with Cornerstone Strategic
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Cornerstone Strategic position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Cornerstone Strategic will appreciate offsetting losses from the drop in the long position's value.Moving together with Cornerstone Fund
| 0.84 | FAFGX | American Funds | PairCorr |
| 0.84 | FFAFX | American Funds | PairCorr |
| 0.82 | FWMMX | American Funds Washington | PairCorr |
| 0.82 | FWWMX | American Funds Washington | PairCorr |
| 0.79 | FKIQX | Franklin Income | PairCorr |
Moving against Cornerstone Fund
| 0.54 | JNJ | Johnson Johnson Financial Report 18th of July 2024 | PairCorr |
The ability to find closely correlated positions to Cornerstone Strategic could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cornerstone Strategic when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Cornerstone Strategic - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Cornerstone Strategic Return to buy it.
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 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 moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Cornerstone Strategic can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of Cornerstone Strategic Correlation against competitors. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.