Cornerstone Strategic Correlations

CLM Fund

USD 8.30 0.03 0.36%

The current 90-days correlation between Cornerstone Strategic and Guggenheim Strategic Opportunities is 0.28 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cornerstone Strategic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cornerstone Strategic Value moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Cornerstone Strategic Correlation With Market

Poor diversification

The correlation between Cornerstone Strategic Value and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cornerstone Strategic Value 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 Strategic Value. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in industry.

Moving together with Cornerstone Fund

0.83	CUSBX	Columbia Ultra Short	Pair Corr
0.76	CDAZX	Multi Manager Direct	Pair Corr
0.8	CDDYX	Columbia Dividend Income	Pair Corr
0.8	CDDRX	Columbia Dividend Income	Pair Corr
0.81	CDEYX	Columbia Diversified	Pair Corr
0.79	CDIRX	Columbia Dividend Income	Pair Corr
0.82	AMTCX	Columbia Capital All	Pair Corr
0.65	CDOZX	Columbia Dividend	Pair Corr
0.65	CDOYX	Columbia Dividend	Pair Corr
0.81	CDVZX	Columbia Diversified	Pair Corr
0.71	CVQZX	Columbia Disciplined	Pair Corr
0.75	CEBYX	Columbia Emerging Markets	Pair Corr
0.75	CEBRX	Columbia Emerging Markets	Pair Corr
0.84	CECYX	Columbia Large Cap	Pair Corr
0.67	CEKYX	Columbia Emerging Markets	Pair Corr
0.67	CEKRX	Columbia Emerging Markets	Pair Corr
0.72	RPCCX	Columbia Capital All	Pair Corr
0.65	GEGTX	Columbia Large Cap	Pair Corr
0.63	CFCYX	Columbia Flexible Capital	Pair Corr
0.71	CFCIX	Columbia Large Cap	Pair Corr
0.61	CFIZX	Columbia Flexible Capital	Pair Corr
0.82	SCIRX	Columbia Seligman	Pair Corr
0.82	SCMIX	Columbia Seligman	Pair Corr
0.62	CFXRX	Columbia Flexible Capital	Pair Corr
0.64	CGEZX	Columbia Select Global	Pair Corr

Related Correlations Analysis

	GOF	UTF	ETY	FIDLX	WGROX	NZF	CRF	ACINX	FSSMX	USA
GOF		0.45	0.41	0.46	0.62	-0.76	-0.46	0.75	-0.25	0.71	GOF
UTF	0.45		0.31	-0.16	0.53	-0.51	-0.56	0.33	0.17	0.67	UTF
ETY	0.41	0.31		0.34	0.75	-0.24	0.09	0.69	0.6	0.74	ETY
FIDLX	0.46	-0.16	0.34		0.25	-0.31	0.1	0.59	-0.18	0.29	FIDLX
WGROX	0.62	0.53	0.75	0.25		-0.62	-0.34	0.87	0.42	0.9	WGROX
NZF	-0.76	-0.51	-0.24	-0.31	-0.62		0.72	-0.63	0.32	-0.7	NZF
CRF	-0.46	-0.56	0.09	0.1	-0.34	0.72		-0.22	0.43	-0.44	CRF
ACINX	0.75	0.33	0.69	0.59	0.87	-0.63	-0.22		0.19	0.83	ACINX
FSSMX	-0.25	0.17	0.6	-0.18	0.42	0.32	0.43	0.19		0.27	FSSMX
USA	0.71	0.67	0.74	0.29	0.9	-0.7	-0.44	0.83	0.27		USA
	GOF	UTF	ETY	FIDLX	WGROX	NZF	CRF	ACINX	FSSMX	USA

Please upgrade your account to get full access to Macroaxis premium features

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

USA	+ 0.9	WGROX
ACINX	+ 0.87	WGROX
USA	+ 0.83	ACINX
ACINX	+ 0.75	GOF
WGROX	+ 0.75	ETY
USA	+ 0.74	ETY

High negative correlations

NZF	- 0.76	GOF
USA	- 0.7	NZF
ACINX	- 0.63	NZF
NZF	- 0.62	WGROX
CRF	- 0.56	UTF
NZF	- 0.51	UTF

Risk-Adjusted Indicators

There is a big difference between Cornerstone Fund performing well and Cornerstone Strategic 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 Strategic'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
GOF	0.99	(0.29)	0.00	(0.94)	0.00	0.00	1.95	(3.68)	9.55
UTF	0.75	(0.14)	0.00	(0.23)	0.00	0.00	1.75	(1.67)	4.21
ETY	0.60	(0.06)	(0.09)	(0.01)	0.83	(0.58)	0.90	(1.33)	3.34
FIDLX	0.59	(0.13)	0.00	(0.07)	0.00	0.00	0.92	(1.56)	8.09
WGROX	0.85	(0.13)	0.00	(0.04)	0.00	0.00	1.82	(1.77)	4.85
NZF	0.49	0.11	0.11	0.61	0.22	(0.63)	1.48	(0.66)	3.25
CRF	0.48	0.03	0.01	0.11	0.64	(0.53)	1.15	(1.02)	3.17
ACINX	0.68	(0.08)	0.00	(0.03)	0.00	0.00	1.03	(1.50)	3.89
FSSMX	0.72	(0.03)	(0.02)	0.04	1.00	(0.68)	1.37	(1.58)	4.34
USA	0.67	(0.13)	0.00	(0.07)	0.00	0.00	1.31	(1.48)	3.49

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC