Cornerstone Strategic Investment Fund, Inc. (CLM) — Stock Correlations & Overview
Over the past year, CLM has moved most closely with CRF, ETY, EXG. Explore the stocks most correlated and inversely correlated with CLM below, along with its price, financials, and company profile.
Stocks correlated with CLM
Correlation of daily returns. Higher positive values move with CLM; negative values move opposite it. Informational only, not investment advice.
Most correlated with CLM
| Symbol | Company | Correlation |
|---|---|---|
| CRF | Cornerstone Total Return Fund, Inc | 0.92 |
| ETY | Eaton Vance Tax-Managed Diversified Equity Income Fund | 0.58 |
| EXG | Eaton Vance Tax-Managed Global Diversified Equity Income Fund | 0.58 |
| EOS | Eaton Vance Enhance Equity Income Fund II | 0.58 |
| AQLT | iShares MSCI Global Quality Factor ETF | 0.57 |
Frequently asked questions about CLM correlations
- Which stocks are most correlated with CLM?
- Based on one year of daily returns, the stocks most correlated with Cornerstone Strategic Investment Fund, Inc. (CLM) are CRF (0.92), ETY (0.58) and EXG (0.58). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with CLM?
- Over the past year, the stocks most inversely correlated with Cornerstone Strategic Investment Fund, Inc. (CLM) are SDS (-0.55), SPXU (-0.55) and SH (-0.55). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these CLM correlations calculated?
- We compute the correlation of daily returns between CLM and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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