Comstock Capital Correlations

COMVX Fund

USD 4.18 0.01 0.24%

The correlation of Comstock Capital 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.

Comstock Capital Correlation With Market

Good diversification

The correlation between Comstock Capital Value and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Comstock Capital Value and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios. 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 real.

Moving together with Comstock Mutual Fund

0.79	SRIGX	Gabelli Esg Fund	Pair Corr
0.84	GCFSX	Gabelli Global Financial	Pair Corr
0.81	GCIEX	Gabelli Equity	Pair Corr
0.71	GCIGX	Gamco International	Pair Corr
0.92	EMACX	Enterprise Mergers And	Pair Corr
0.93	EMAAX	Enterprise Mergers And	Pair Corr
0.7	GUXPX	Gabelli Utilities	Pair Corr
0.86	GVCAX	Gabelli Value	Pair Corr
0.68	GEICX	Gabelli Equity Income	Pair Corr
0.74	GWSIX	Gabelli Focus	Pair Corr
0.74	GWSVX	Gabelli Focus	Pair Corr
0.87	GFSIX	Gabelli Global Financial	Pair Corr
0.61	GGCCX	Gabelli Growth	Pair Corr
0.61	GGCIX	Gabelli Growth	Pair Corr
0.62	GGGCX	Gamco Global Growth	Pair Corr
0.62	GGGIX	Gamco Global Growth	Pair Corr
0.63	GGMMX	Gabelli Global Mini	Pair Corr
0.72	MOGLX	Gabelli Media Mogul	Pair Corr
0.62	GICPX	Gamco Global Growth	Pair Corr
0.71	GIGRX	Gamco International	Pair Corr
0.99	DRCVX	Comstock Capital Value	Pair Corr
0.62	GMNAX	Gabelli Global Mini	Pair Corr
0.62	GMNCX	Gabelli Global Mini	Pair Corr
0.99	CPCRX	Comstock Capital Value	Pair Corr
0.99	CPCCX	Comstock Capital Value	Pair Corr
0.85	GACCX	Gamco Global	Pair Corr
0.67	GACIX	Gabelli Small	Pair Corr
0.8	GABAX	Gabelli Asset	Pair Corr
0.78	GABBX	Gabelli Dividend	Pair Corr
0.75	GABEX	Gabelli Equity	Pair Corr
0.61	GABGX	Gabelli Growth	Pair Corr
0.62	GABSX	Gabelli Small	Pair Corr

Moving against Comstock Mutual Fund

0.68	BEARX	Federated Prudent Bear	Pair Corr
0.68	PBRCX	Federated Prudent Bear	Pair Corr
0.62	PBRIX	Federated Prudent Bear	Pair Corr
0.6	PSTIX	Stocksplus Tr Short	Pair Corr

Related Correlations Analysis

	IVMXX	SWGXX	JRSXX	HUCXX	0P000070L2	GCFSX	QCMMIX
IVMXX		0.0	0.0	0.0	0.0	0.0	0.0	IVMXX
SWGXX	0.0		0.0	0.0	0.0	-0.24	0.57	SWGXX
JRSXX	0.0	0.0		0.0	0.0	0.0	0.0	JRSXX
HUCXX	0.0	0.0	0.0		0.0	0.0	0.0	HUCXX
0P000070L2	0.0	0.0	0.0	0.0		0.0	0.0	0P000070L2
GCFSX	0.0	-0.24	0.0	0.0	0.0		-0.44	GCFSX
QCMMIX	0.0	0.57	0.0	0.0	0.0	-0.44		QCMMIX
	IVMXX	SWGXX	JRSXX	HUCXX	0P000070L2	GCFSX	QCMMIX

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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

QCMMIX	+ 0.57	SWGXX
SWGXX	+ 0.0	IVMXX
JRSXX	+ 0.0	IVMXX
HUCXX	+ 0.0	IVMXX
0P000070L2	+ 0.0	IVMXX
GCFSX	+ 0.0	IVMXX

High negative correlations

QCMMIX	- 0.44	GCFSX
GCFSX	- 0.24	SWGXX
QCMMIX	- 0.0	0P000070L2
GCFSX	- 0.0	0P000070L2
QCMMIX	- 0.0	HUCXX
GCFSX	- 0.0	HUCXX

Risk-Adjusted Indicators

There is a big difference between Comstock Mutual Fund performing well and Comstock Capital 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 Comstock Capital'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
IVMXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SWGXX	0.03	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.01
JRSXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HUCXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
0P000070L2	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GCFSX	0.98	0.10	0.08	0.02	1.61	(0.97)	1.94	(2.41)	7.41
QCMMIX	0.02	0.01	0.00	(2.13)	0.00	0.00	0.03	0.00	0.07

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