Cornerstone Servative Fund Market Value
| USCCX Fund | USD 10.41 0.03 0.29% |
| Symbol | Cornerstone |
Cornerstone Conservative '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 Conservative'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 Conservative.
| 01/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Cornerstone Conservative on January 25, 2024 and sell it all today you would earn a total of 0.00 from holding Cornerstone Servative Fund or generate 0.0% return on investment in Cornerstone Conservative over 90 days. Cornerstone Conservative is related to or competes with Income Fund, Usaa Nasdaq, Victory Diversified, Intermediate Term, Usaa Intermediate, Usaa Tax, and Victory Tax-exempt. The funds principal investment strategy is to invest its assets in a selection of affiliated mutual funds and exchange-t... More
Cornerstone Conservative 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 Conservative'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 Servative Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4375 | |||
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 2.26 | |||
| Value At Risk | (0.58) | |||
| Potential Upside | 0.3872 |
Cornerstone Conservative Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cornerstone Conservative's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cornerstone Conservative's standard deviation. In reality, there are many statistical measures that can use Cornerstone Conservative historical prices to predict the future Cornerstone Conservative's volatility.| Risk Adjusted Performance | 0.0167 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.17) | |||
| Treynor Ratio | 0.0115 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cornerstone Conservative'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 Conservative Backtested Returns
We consider Cornerstone Conservative very steady. Cornerstone Conservative secures Sharpe Ratio (or Efficiency) of 0.0194, which signifies that the fund had a 0.0194% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Cornerstone Servative Fund, which you can use to evaluate the volatility of the entity. Please confirm Cornerstone Conservative's Downside Deviation of 0.4375, risk adjusted performance of 0.0167, and Mean Deviation of 0.2404 to double-check if the risk estimate we provide is consistent with the expected return of 0.0068%. The fund shows a Beta (market volatility) of 0.33, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Cornerstone Conservative's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cornerstone Conservative is expected to be smaller as well.
Auto-correlation | -0.76 |
Almost perfect reverse predictability
Cornerstone Servative Fund has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Cornerstone Conservative time series from 25th of January 2024 to 10th of March 2024 and 10th of March 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 Conservative price movement. The serial correlation of -0.76 indicates that around 76.0% of current Cornerstone Conservative price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.76 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Cornerstone Conservative lagged returns against current returns
Autocorrelation, which is Cornerstone Conservative 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 Conservative's mutual fund expected returns. We can calculate the autocorrelation of Cornerstone Conservative returns to help us make a trade decision. For example, suppose you find that Cornerstone Conservative 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 Conservative 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 Conservative mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cornerstone Conservative 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 Conservative mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Cornerstone Conservative Lagged Returns
When evaluating Cornerstone Conservative's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cornerstone Conservative mutual fund have on its future price. Cornerstone Conservative 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 Conservative autocorrelation shows the relationship between Cornerstone Conservative mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Cornerstone Servative Fund.
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 Conservative Correlation, Cornerstone Conservative Volatility and Cornerstone Conservative Alpha and Beta module to complement your research on Cornerstone Conservative. Note that the Cornerstone Conservative information on this page should be used as a complementary analysis to other Cornerstone Conservative's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Stocks Directory module to find actively traded stocks across global markets.
Cornerstone Conservative 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.