Cornerstone Aggressive Correlations

UCAGX Fund

USD 15.76 0.07 0.45%

The current 90-days correlation between Cornerstone Aggressive and Income Fund Income is 0.24 (i.e., Modest diversification). The correlation of Cornerstone Aggressive 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 Aggressive Correlation With Market

Poor diversification

The correlation between Cornerstone Aggressive Fund and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cornerstone Aggressive Fund 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 Aggressive Fund. 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 price.

Moving together with Cornerstone Mutual Fund

0.65	UINQX	Usaa Nasdaq 100	Pair Corr
0.66	SRVEX	Victory Diversified Stock	Pair Corr
0.97	SBALX	Victory Strategic	Pair Corr
0.66	SSVSX	Victory Special Value	Pair Corr
0.62	SBFCX	Victory Incore Investment	Pair Corr
0.61	SBFMX	Victory Portfolios	Pair Corr
0.62	MMIJX	Victory Integrity Mid	Pair Corr
0.62	MNNAX	Victory Munder Multi	Pair Corr
0.82	RSGGX	Victory Rs Global	Pair Corr
0.61	RSGRX	Victory Rs Growth	Pair Corr
0.67	RSNRX	Victory Global Natural	Pair Corr
0.68	RSNYX	Victory Global Natural	Pair Corr

Moving against Cornerstone Mutual Fund

0.33

UNYBX

New York Bond

Pair Corr

Related Correlations Analysis

	UINCX	UINQX	SRVEX	UITBX	UITCX	UITIX	GUTEX	SSGSX	SBALX	SSVSX
UINCX		-0.49	-0.57	0.99	0.99	0.62	0.62	-0.4	0.04	-0.57	UINCX
UINQX	-0.49		0.97	-0.61	-0.57	0.1	0.16	0.88	0.7	0.97	UINQX
SRVEX	-0.57	0.97		-0.67	-0.65	0.04	0.09	0.91	0.7	1.0	SRVEX
UITBX	0.99	-0.61	-0.67		0.99	0.55	0.54	-0.51	-0.06	-0.67	UITBX
UITCX	0.99	-0.57	-0.65	0.99		0.58	0.57	-0.49	-0.04	-0.65	UITCX
UITIX	0.62	0.1	0.04	0.55	0.58		0.97	0.19	0.45	0.05	UITIX
GUTEX	0.62	0.16	0.09	0.54	0.57	0.97		0.29	0.44	0.1	GUTEX
SSGSX	-0.4	0.88	0.91	-0.51	-0.49	0.19	0.29		0.6	0.91	SSGSX
SBALX	0.04	0.7	0.7	-0.06	-0.04	0.45	0.44	0.6		0.7	SBALX
SSVSX	-0.57	0.97	1.0	-0.67	-0.65	0.05	0.1	0.91	0.7		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

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

High negative correlations

SSVSX	- 0.67	UITBX
UITBX	- 0.67	SRVEX
SSVSX	- 0.65	UITCX
UITCX	- 0.65	SRVEX
UITBX	- 0.61	UINQX
UITCX	- 0.57	UINQX

Risk-Adjusted Indicators

There is a big difference between Cornerstone Mutual Fund performing well and Cornerstone Aggressive 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 Aggressive'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	0.21	(0.03)	0.00	2.11	0.00	0.00	0.43	(0.60)	1.22
UINQX	0.70	0.13	0.10	0.28	0.66	(0.77)	1.84	(1.43)	5.14
SRVEX	0.57	0.08	0.09	0.21	0.53	(0.66)	1.54	(0.89)	5.12
UITBX	0.21	(0.04)	0.00	1.02	0.00	0.00	0.43	(0.55)	1.21
UITCX	0.20	(0.04)	0.00	12.28	0.00	0.00	0.33	(0.55)	1.10
UITIX	0.12	0.01	(0.35)	0.03	0.17	(0.19)	0.32	(0.24)	1.19
GUTEX	0.21	0.01	(0.25)	0.01	0.30	(0.28)	0.58	(0.46)	1.90
SSGSX	0.79	0.02	0.08	0.13	0.55	(0.99)	1.77	(1.21)	7.39
SBALX	0.32	0.01	(0.16)	0.14	0.19	(0.40)	0.75	(0.55)	2.07
SSVSX	0.56	0.09	0.09	0.22	0.52	(0.65)	1.55	(0.87)	5.12

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