Comstock Capital Correlations

Mutual Funds USA . 
Fund . Comstock Capital Value
COMVX Fund  USD 4.36  0.01  0.23%   
The current 90-days correlation between Comstock Capital Value and Gabelli Esg Fund is -0.09 (i.e., Good 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

Good diversification

The correlation between Comstock Capital Value and DJI is -0.04 (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, 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 real.

Moving together with Comstock Mutual Fund

  0.95SRIGX Gabelli Esg FundPairCorr
  0.98GCFSX Gabelli Global FinancialPairCorr
  0.96GCIEX Gabelli EquityPairCorr
  0.73GCIGX Gamco InternationalPairCorr
  0.98EMACX Enterprise Mergers AndPairCorr
  0.99EMAAX Enterprise Mergers AndPairCorr
  0.98EMAYX Enterprise Mergers AndPairCorr
  0.88GUXPX Gabelli UtilitiesPairCorr
  0.98GVCAX Gabelli ValuePairCorr
  0.98GVCCX Gabelli ValuePairCorr
  0.98GVCIX Gabelli ValPairCorr
  0.95MLGLX Gabelli Media MogulPairCorr
  0.95GEICX Gabelli Equity IncomePairCorr
  0.73GWSAX Gabelli FocusPairCorr
  0.69GWSCX Gabelli FocusPairCorr
  0.73GWSIX Gabelli FocusPairCorr
  0.71GWSVX Gabelli FocusPairCorr
  0.98GFSIX Gabelli Global FinancialPairCorr
  0.97GGCAX Gabelli GrowthPairCorr
  0.97GGCCX Gabelli GrowthPairCorr
  0.97GGCIX Gabelli GrowthPairCorr
  0.98GGFSX Gabelli Global FinancialPairCorr
  0.97GGGAX Gamco Global GrowthPairCorr
  0.97GGGCX Gamco Global GrowthPairCorr
  0.97GGGIX Gamco Global GrowthPairCorr
  0.98GGMMX Gabelli Global MiniPairCorr
  0.92GGLCX Gamco Global OpportunityPairCorr
  0.96MOGLX Gabelli Media MogulPairCorr
  0.97GICPX Gamco Global GrowthPairCorr
  0.72GIIGX Gamco InternationalPairCorr
  0.71GIGRX Gamco InternationalPairCorr
  0.98EAAAX Enterprise Mergers AndPairCorr
  0.91GLOIX Gamco Global OpportunityPairCorr
  1.0DRCVX Comstock Capital ValuePairCorr
  0.98GMNAX Gabelli Global MiniPairCorr
  0.97GMNCX Gabelli Global MiniPairCorr

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  0.62  0.07  0.04  0.22  0.57 
(0.70)
 1.62 
(1.39)
 4.23 
GCFSX  0.65  0.29  0.17 (1.93) 0.35 
(0.78)
 1.94 
(1.19)
 3.94 
GCIEX  0.58  0.17  0.03 (2.06) 0.44 
(0.66)
 1.53 
(1.19)
 3.60 
GCIGX  0.62  0.08 (0.08)(1.38) 0.71 
(0.64)
 1.16 
(1.19)
 3.45 
EMACX  0.44  0.09  0.02  0.32  0.42 
(0.48)
 0.97 
(0.89)
 2.64 
EMAAX  0.44  0.16  0.02 (2.12) 0.45 
(0.47)
 0.97 
(0.89)
 2.67 
EMAYX  0.41  0.09  0.03  0.35  0.39 
(0.46)
 0.94 
(0.82)
 2.67 
GUXPX  0.58  0.09 (0.06)(2.16) 0.66 
(0.66)
 0.94 
(1.47)
 3.69 
GVCAX  0.48  0.19  0.05 (2.29) 0.50 
(0.53)
 1.03 
(1.11)
 3.40 
GVCCX  0.51  0.19  0.04 (2.08) 0.52 
(0.55)
 1.11 
(1.12)
 3.38 

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