Comstock Capital Correlations

Mutual Funds . USA . 
Fund . Comstock Capital Value
CPCCX Fund  USD 4.03  0.01  0.25%   
The current 90-days correlation between Comstock Capital Value and Gabelli Esg Fund is 0.15 (i.e., Average diversification). 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

Average diversification

The correlation between Comstock Capital Value and DJI is 0.1 (i.e., Average 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, which includes a position in Comstock Capital Value. 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 main economic indicators.

Moving together with Comstock Mutual Fund

  0.75SRIGX Gabelli Esg FundPairCorr
  0.79GCFSX Gabelli Global FinancialPairCorr
  0.73GCIEX Gabelli EquityPairCorr
  0.83EMACX Enterprise Mergers AndPairCorr
  0.83EMAAX Enterprise Mergers AndPairCorr
  0.82EMAYX Enterprise Mergers AndPairCorr
  0.69GUXPX Gabelli UtilitiesPairCorr
  0.79GVCAX Gabelli ValuePairCorr
  0.8GVCCX Gabelli ValuePairCorr
  0.79GVCIX Gabelli ValPairCorr
  0.8MLGLX Gabelli Media MogulPairCorr
  0.72GEICX Gabelli Equity IncomePairCorr
  0.62GWSAX Gabelli FocusPairCorr
  0.63GWSIX Gabelli FocusPairCorr
  0.61GWSVX Gabelli FocusPairCorr
  0.79GFSIX Gabelli Global FinancialPairCorr
  0.8GGCAX Gabelli GrowthPairCorr
  0.8GGCCX Gabelli GrowthPairCorr
  0.8GGCIX Gabelli GrowthPairCorr
  0.79GGFSX Gabelli Global FinancialPairCorr
  0.78GGGAX Gamco Global GrowthPairCorr
  0.79GGGCX Gamco Global GrowthPairCorr
  0.79GGGIX Gamco Global GrowthPairCorr
  0.84GGMMX Gabelli Global MiniPairCorr
  0.84GGLCX Gamco Global OpportunityPairCorr
  0.8MOGLX Gabelli Media MogulPairCorr
  0.79GICPX Gamco Global GrowthPairCorr
  0.83EAAAX Enterprise Mergers AndPairCorr
  0.66GLDAX Gabelli GoldPairCorr
  0.65GLDCX Gabelli GoldPairCorr
  0.66GLDIX Gabelli GoldPairCorr
  0.83GLOIX Gamco Global OpportunityPairCorr
  0.84DRCVX Comstock Capital ValuePairCorr
  0.84GMNAX Gabelli Global MiniPairCorr
  0.84GMNCX Gabelli Global MiniPairCorr
  0.83COMVX Comstock Capital ValuePairCorr

Related Correlations Analysis

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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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SRIGX  0.61  0.08  0.05  0.23  0.57 
(0.68)
 1.62 
(1.39)
 4.23 
GCFSX  0.65  0.19  0.17  0.41  0.35 
(0.78)
 1.94 
(1.19)
 3.94 
GCIEX  0.58  0.07  0.04  0.23  0.44 
(0.66)
 1.53 
(1.19)
 3.60 
GCIGX  0.62  0.02 (0.07) 0.18  0.71 
(0.64)
 1.16 
(1.19)
 3.45 
EMACX  0.44  0.09  0.03  0.33  0.42 
(0.49)
 0.97 
(0.89)
 2.64 
EMAAX  0.44  0.09  0.03  0.33  0.45 
(0.47)
 0.97 
(0.89)
 2.67 
EMAYX  0.41  0.10  0.04  0.36  0.39 
(0.46)
 0.94 
(0.82)
 2.67 
GUXPX  0.60  0.11 (0.03)(1.92) 0.65 
(0.69)
 1.10 
(1.47)
 3.69 
GVCAX  0.48  0.11  0.05  0.32  0.50 
(0.53)
 1.03 
(1.11)
 3.40 
GVCCX  0.51  0.10  0.05  0.30  0.52 
(0.55)
 1.11 
(1.12)
 3.38 

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