Cornerstone Aggressive Fund Market Value
| UCAGX Fund | USD 14.31 0.01 0.07% |
| Symbol | Cornerstone |
Cornerstone Aggressive '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 Aggressive'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 Aggressive.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Cornerstone Aggressive on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Cornerstone Aggressive Fund or generate 0.0% return on investment in Cornerstone Aggressive over 30 days. Cornerstone Aggressive is related to or competes with Dunham Large, Transamerica Large, Aqr Large, Touchstone Large, Avantis Us, T Rowe, and Qs Large. The fund invests in equity securities, bonds, money market instruments, and other instruments including derivatives More
Cornerstone Aggressive 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 Aggressive'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 Aggressive Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5848 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 2.45 | |||
| Value At Risk | (0.93) | |||
| Potential Upside | 0.8959 |
Cornerstone Aggressive Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cornerstone Aggressive's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cornerstone Aggressive's standard deviation. In reality, there are many statistical measures that can use Cornerstone Aggressive historical prices to predict the future Cornerstone Aggressive's volatility.| Risk Adjusted Performance | 0.0747 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0692 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cornerstone Aggressive'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 Aggressive Backtested Returns
We consider Cornerstone Aggressive very steady. Cornerstone Aggressive secures Sharpe Ratio (or Efficiency) of 0.0969, which signifies that the fund had a 0.0969% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Cornerstone Aggressive Fund, which you can use to evaluate the volatility of the entity. Please confirm Cornerstone Aggressive's Risk Adjusted Performance of 0.0747, mean deviation of 0.4326, and Downside Deviation of 0.5848 to double-check if the risk estimate we provide is consistent with the expected return of 0.0545%. The fund shows a Beta (market volatility) of 0.83, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Cornerstone Aggressive's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cornerstone Aggressive is expected to be smaller as well.
Auto-correlation | 0.43 |
Average predictability
Cornerstone Aggressive Fund has average predictability. Overlapping area represents the amount of predictability between Cornerstone Aggressive 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 Aggressive price movement. The serial correlation of 0.43 indicates that just about 43.0% of current Cornerstone Aggressive price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.43 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Cornerstone Aggressive lagged returns against current returns
Autocorrelation, which is Cornerstone Aggressive 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 Aggressive's mutual fund expected returns. We can calculate the autocorrelation of Cornerstone Aggressive returns to help us make a trade decision. For example, suppose you find that Cornerstone Aggressive 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 Aggressive 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 Aggressive mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cornerstone Aggressive 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 Aggressive mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Cornerstone Aggressive Lagged Returns
When evaluating Cornerstone Aggressive's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cornerstone Aggressive mutual fund have on its future price. Cornerstone Aggressive 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 Aggressive autocorrelation shows the relationship between Cornerstone Aggressive mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Cornerstone Aggressive 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 Aggressive 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 Aggressive's short interest history, or implied volatility extrapolated from Cornerstone Aggressive 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 Aggressive Correlation, Cornerstone Aggressive Volatility and Cornerstone Aggressive Alpha and Beta module to complement your research on Cornerstone Aggressive. Note that the Cornerstone Aggressive information on this page should be used as a complementary analysis to other Cornerstone Aggressive'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 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 Aggressive 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.