Cornerstone Equity Fund Market Value
| UCEQX Fund | USD 17.59 0.34 1.97% |
| Symbol | Cornerstone |
Cornerstone Equity '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 Equity'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 Equity.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Cornerstone Equity on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Cornerstone Equity Fund or generate 0.0% return on investment in Cornerstone Equity over 90 days. Cornerstone Equity is related to or competes with Artisan High, Neuberger Berman, Jpmorgan High, Alpine High, T Rowe, and Simt High. The fund invests at least 80 percent of its assets in a selection of affiliated mutual funds and exchange-traded funds t... More
Cornerstone Equity 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 Equity'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 Equity Fund upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0468 | |||
| Maximum Drawdown | 4.05 | |||
| Value At Risk | (1.42) | |||
| Potential Upside | 1.12 |
Cornerstone Equity Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cornerstone Equity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cornerstone Equity's standard deviation. In reality, there are many statistical measures that can use Cornerstone Equity historical prices to predict the future Cornerstone Equity's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | 0.009 | |||
| Total Risk Alpha | 0.043 | |||
| Treynor Ratio | (0.1) |
Cornerstone Equity Backtested Returns
Cornerstone Equity secures Sharpe Ratio (or Efficiency) of -0.0387, which signifies that the fund had a -0.0387 % return per unit of risk over the last 3 months. Cornerstone Equity Fund exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cornerstone Equity's Standard Deviation of 0.8838, mean deviation of 0.6449, and Risk Adjusted Performance of (0.06) to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.7, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Cornerstone Equity's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cornerstone Equity is expected to be smaller as well.
Auto-correlation | -0.69 |
Very good reverse predictability
Cornerstone Equity Fund has very good reverse predictability. Overlapping area represents the amount of predictability between Cornerstone Equity time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 2025. 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 Equity price movement. The serial correlation of -0.69 indicates that around 69.0% of current Cornerstone Equity price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.69 | |
| Spearman Rank Test | -0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
Cornerstone Equity lagged returns against current returns
Autocorrelation, which is Cornerstone Equity 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 Equity's mutual fund expected returns. We can calculate the autocorrelation of Cornerstone Equity returns to help us make a trade decision. For example, suppose you find that Cornerstone Equity 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 Equity 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 Equity mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cornerstone Equity 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 Equity mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Cornerstone Equity Lagged Returns
When evaluating Cornerstone Equity's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cornerstone Equity mutual fund have on its future price. Cornerstone Equity 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 Equity autocorrelation shows the relationship between Cornerstone Equity mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Cornerstone Equity 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.Other Information on Investing in Cornerstone Mutual Fund
Cornerstone Equity financial ratios help investors to determine whether Cornerstone Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Cornerstone with respect to the benefits of owning Cornerstone Equity security.
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