Cornerstone Moderately Correlations

UCMCX Fund

USD 10.96 0.03 0.27%

The current 90-days correlation between Cornerstone Moderately and Income Fund Income is 0.44 (i.e., Very weak diversification). The correlation of Cornerstone Moderately 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 Moderately Correlation With Market

Very poor diversification

The correlation between Cornerstone Moderately Servati and DJI is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cornerstone Moderately Servati and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Cornerstone Moderately Servative. 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 main economic indicators.

Moving together with Cornerstone Mutual Fund

0.81	UINCX	Income Fund Income	Pair Corr
0.8	UITBX	Intermediate Term Bond	Pair Corr
0.78	UITCX	Usaa Intermediate Term	Pair Corr
0.81	UITIX	Usaa Tax Exempt	Pair Corr
0.63	SBALX	Victory Strategic	Pair Corr
0.62	ULTIX	Usaa Tax Exempt	Pair Corr
0.7	IPFIX	Victory Incore	Pair Corr
0.76	RSDYX	Victory Incore Low	Pair Corr
0.87	RSENX	Victory Sophus Emerging	Pair Corr
0.62	RSFYX	Victory Floating Rate	Pair Corr
0.87	RSIGX	Victory Rs International	Pair Corr

Moving against Cornerstone Mutual Fund

0.46	RSEGX	Victory Rs Small	Pair Corr
0.45	RSYEX	Victory Rs Small	Pair Corr
0.41	RSMMX	Victory Rs Small	Pair Corr
0.32	RSNRX	Victory Global Natural	Pair Corr
0.31	RSNYX	Victory Global Natural	Pair Corr

Related Correlations Analysis

	UINCX	UINQX	SRVEX	UITBX	UITCX	UITIX	GUTEX	SSGSX	SBALX	SSVSX
UINCX		-0.6	-0.65	0.99	0.99	0.75	0.16	-0.68	0.09	-0.62	UINCX
UINQX	-0.6		0.97	-0.62	-0.63	-0.1	0.45	0.91	0.69	0.92	UINQX
SRVEX	-0.65	0.97		-0.66	-0.68	-0.18	0.37	0.97	0.66	0.94	SRVEX
UITBX	0.99	-0.62	-0.66		1.0	0.77	0.18	-0.68	0.06	-0.63	UITBX
UITCX	0.99	-0.63	-0.68	1.0		0.76	0.17	-0.69	0.04	-0.64	UITCX
UITIX	0.75	-0.1	-0.18	0.77	0.76		0.71	-0.22	0.44	-0.14	UITIX
GUTEX	0.16	0.45	0.37	0.18	0.17	0.71		0.37	0.52	0.41	GUTEX
SSGSX	-0.68	0.91	0.97	-0.68	-0.69	-0.22	0.37		0.57	0.92	SSGSX
SBALX	0.09	0.69	0.66	0.06	0.04	0.44	0.52	0.57		0.62	SBALX
SSVSX	-0.62	0.92	0.94	-0.63	-0.64	-0.14	0.41	0.92	0.62		SSVSX
	UINCX	UINQX	SRVEX	UITBX	UITCX	UITIX	GUTEX	SSGSX	SBALX	SSVSX

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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

UITCX	+ 1.0	UITBX
UITBX	+ 0.99	UINCX
UITCX	+ 0.99	UINCX
SRVEX	+ 0.97	UINQX
SSGSX	+ 0.97	SRVEX
SSVSX	+ 0.94	SRVEX

High negative correlations

SSGSX	- 0.69	UITCX
SSGSX	- 0.68	UITBX
UITCX	- 0.68	SRVEX
SSGSX	- 0.68	UINCX
UITBX	- 0.66	SRVEX
SRVEX	- 0.65	UINCX

Risk-Adjusted Indicators

There is a big difference between Cornerstone Mutual Fund performing well and Cornerstone Moderately 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 Moderately's 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
UINCX	0.23	0.03	0.30	0.79	0.14	(0.28)	0.52	(0.35)	1.34
UINQX	1.10	(0.08)	0.00	(0.12)	0.00	0.00	1.68	(2.77)	6.14
SRVEX	0.85	(0.05)	0.00	(0.10)	0.00	0.00	1.40	(2.01)	4.64
UITBX	0.24	0.03	0.27	0.89	0.17	(0.29)	0.55	(0.43)	1.34
UITCX	0.23	0.02	0.26	1.37	0.16	(0.30)	0.56	(0.43)	1.34
UITIX	0.15	0.00	0.17	(0.12)	0.19	(0.18)	0.32	(0.40)	1.12
GUTEX	0.24	(0.03)	0.00	(0.46)	0.00	0.00	0.48	(0.73)	1.68
SSGSX	0.79	(0.07)	0.00	(0.12)	0.00	0.00	1.52	(1.78)	3.89
SBALX	0.43	0.01	0.00	(0.04)	0.00	0.00	0.79	(0.85)	2.70
SSVSX	0.84	(0.07)	0.00	0.71	0.00	0.00	1.40	(2.03)	4.55

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