Cornerstone Advisors Correlations

CAREX Fund

USD 16.52 0.16 0.98%

The current 90-days correlation between Cornerstone Advisors Real and Domini Impact Bond is 0.21 (i.e., Modest diversification). The correlation of Cornerstone Advisors 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Cornerstone Advisors Correlation With Market

Very poor diversification

The correlation between Cornerstone Advisors Real and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cornerstone Advisors Real and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cornerstone Advisors Real. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with Cornerstone Mutual Fund

0.95	DIEQX	Domini Impact Equity	Pair Corr
1.0	LIFEX	Domini Sustainable	Pair Corr
0.97	DOMYX	Domini Impact Intern	Pair Corr
0.97	DOMOX	Domini Impact Intern	Pair Corr
0.98	DOMIX	Domini Impact Intern	Pair Corr
0.97	DSEFX	Domini Impact Equity	Pair Corr
0.97	DSFRX	Domini Impact Equity	Pair Corr
0.96	FSWFX	American Funds Smallcap	Pair Corr
0.96	FSFWX	American Funds Smallcap	Pair Corr
0.95	SCWCX	American Fds Smallcap	Pair Corr
0.96	SCWFX	Smallcap World	Pair Corr
0.95	SMCWX	Smallcap World	Pair Corr
0.96	CSPFX	Smallcap World	Pair Corr
0.95	CSPAX	Smallcap World	Pair Corr
0.96	CSPEX	Smallcap World	Pair Corr
0.96	RSLCX	Smallcap World	Pair Corr
0.96	RLLGX	Smallcap World	Pair Corr
0.98	ASG	Liberty All Star	Pair Corr
0.88	IIF	Morgan Stanley India	Pair Corr
0.98	CII	Blackrock Enhanced	Pair Corr
0.81	IFN	India Closed	Pair Corr
0.97	ETV	Eaton Vance Tax	Pair Corr
0.91	CLM	Cornerstone Strategic	Pair Corr
0.91	CRF	Cornerstone Strategic	Pair Corr
0.97	USA	Liberty All Star	Pair Corr
0.97	ETY	Eaton Vance Tax	Pair Corr
0.91	NFJ	Virtus Dividend Interest	Pair Corr
0.95	JAFJX	John Hancock Variable	Pair Corr
0.96	JFBUX	Jpmorgan Investor Growth	Pair Corr
0.91	PYFRX	Payden Floating Rate	Pair Corr
0.89	TSFIX	Touchstone Small Cap	Pair Corr
0.87	SHLMX	Stone Harbor Local	Pair Corr
0.95	QUASX	Ab Small Cap	Pair Corr
0.95	NBNAX	Neuberger Berman Int	Pair Corr
0.96	VWELX	Vanguard Wellington	Pair Corr

Related Correlations Analysis

	DSBFX	DOMIX	ADNPX	RISEX	MIGPX
DSBFX		0.54	0.71	0.0	0.56	DSBFX
DOMIX	0.54		0.86	0.0	0.95	DOMIX
ADNPX	0.71	0.86		0.0	0.91	ADNPX
RISEX	0.0	0.0	0.0		0.0	RISEX
MIGPX	0.56	0.95	0.91	0.0		MIGPX
	DSBFX	DOMIX	ADNPX	RISEX	MIGPX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

MIGPX	+ 0.95	DOMIX
MIGPX	+ 0.91	ADNPX
ADNPX	+ 0.86	DOMIX
ADNPX	+ 0.71	DSBFX
MIGPX	+ 0.56	DSBFX
DOMIX	+ 0.54	DSBFX

High negative correlations

MIGPX	- 0.0	RISEX
RISEX	- 0.0	ADNPX
RISEX	- 0.0	DOMIX
RISEX	- 0.0	DSBFX

Risk-Adjusted Indicators

There is a big difference between Cornerstone Mutual Fund performing well and Cornerstone Advisors Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Cornerstone Advisors' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
DSBFX	0.25	0.00	(0.55)	0.18	0.27	(0.28)	0.49	(0.50)	1.20
DOMIX	0.62	0.10	0.01	0.38	0.48	(0.75)	1.55	(1.13)	3.43
ADNPX	1.84	0.88	0.34	(2.64)	1.18	(2.26)	4.38	(2.23)	10.63
RISEX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MIGPX	1.25	0.48	0.18	(1.67)	0.85	(1.56)	3.54	(1.52)	8.42

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