CORNERSTONE BLDG BRANDS Market Value
| 21925DAA7 | 83.57 5.64 7.24% |
| Symbol | CORNERSTONE |
Please note, there is a significant difference between CORNERSTONE's value and its price as these two are different measures arrived at by different means. Investors typically determine if CORNERSTONE is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CORNERSTONE's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
CORNERSTONE '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's bond 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.
| 12/01/2024 |
| 03/01/2025 |
If you would invest 0.00 in CORNERSTONE on December 1, 2024 and sell it all today you would earn a total of 0.00 from holding CORNERSTONE BLDG BRANDS or generate 0.0% return on investment in CORNERSTONE over 90 days. CORNERSTONE is related to or competes with 00108WAF7, IShares Global, Exxon, Johnson Johnson, 3M, Cisco Systems, and JPMorgan Chase. More
CORNERSTONE 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's bond 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 BLDG BRANDS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 7.12 | |||
| Value At Risk | (2.00) | |||
| Potential Upside | 1.67 |
CORNERSTONE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CORNERSTONE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CORNERSTONE's standard deviation. In reality, there are many statistical measures that can use CORNERSTONE historical prices to predict the future CORNERSTONE's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.05) | |||
| Treynor Ratio | 0.2654 |
CORNERSTONE BLDG BRANDS Backtested Returns
CORNERSTONE BLDG BRANDS secures Sharpe Ratio (or Efficiency) of -0.0307, which signifies that the bond had a -0.0307 % return per unit of risk over the last 3 months. CORNERSTONE BLDG BRANDS exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CORNERSTONE's mean deviation of 0.88, and Risk Adjusted Performance of (0.04) to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of -0.33, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning CORNERSTONE are expected to decrease at a much lower rate. During the bear market, CORNERSTONE is likely to outperform the market.
Auto-correlation | 0.39 |
Below average predictability
CORNERSTONE BLDG BRANDS has below average predictability. Overlapping area represents the amount of predictability between CORNERSTONE time series from 1st of December 2024 to 15th of January 2025 and 15th of January 2025 to 1st 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 BLDG BRANDS price movement. The serial correlation of 0.39 indicates that just about 39.0% of current CORNERSTONE price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | 0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 3.48 |
CORNERSTONE BLDG BRANDS lagged returns against current returns
Autocorrelation, which is CORNERSTONE bond'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's bond expected returns. We can calculate the autocorrelation of CORNERSTONE returns to help us make a trade decision. For example, suppose you find that CORNERSTONE has exhibited high autocorrelation historically, and you observe that the bond 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 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 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CORNERSTONE bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CORNERSTONE bond over time.
Current vs Lagged Prices |
| Timeline |
CORNERSTONE Lagged Returns
When evaluating CORNERSTONE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CORNERSTONE bond have on its future price. CORNERSTONE 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 autocorrelation shows the relationship between CORNERSTONE bond current value and its past values and can show if there is a momentum factor associated with investing in CORNERSTONE BLDG BRANDS.
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 Bond
CORNERSTONE financial ratios help investors to determine whether CORNERSTONE Bond 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 security.