Comstock Capital Correlations

Mutual Funds . USA . 
Fund . Comstock Capital Value
CPCRX Fund  USD 4.51  0.01  0.22%   
The current 90-days correlation between Comstock Capital Value and Gabelli Esg Fund is 0.68 (i.e., Poor 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

Poor diversification

The correlation between Comstock Capital Value and DJI is 0.66 (i.e., Poor 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 metropolitan statistical area.

Moving together with Comstock Mutual Fund

  0.96SRIGX Gabelli Esg FundPairCorr
  0.98GCFSX Gabelli Global FinancialPairCorr
  0.95GCIEX Gabelli EquityPairCorr
  0.72GCIGX Gamco InternationalPairCorr
  0.99EMACX Enterprise Mergers AndPairCorr
  0.99EMAAX Enterprise Mergers AndPairCorr
  0.99EMAYX Enterprise Mergers AndPairCorr
  0.88GUXPX Gabelli UtilitiesPairCorr
  0.98GVCAX Gabelli ValuePairCorr
  0.98GVCCX Gabelli ValuePairCorr
  0.98GVCIX Gabelli ValPairCorr
  0.96MLGLX Gabelli Media MogulPairCorr
  0.95GEICX Gabelli Equity IncomePairCorr
  0.77GWSAX Gabelli FocusPairCorr
  0.73GWSCX Gabelli FocusPairCorr
  0.77GWSIX Gabelli FocusPairCorr
  0.75GWSVX 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
  0.97GICPX Gamco Global GrowthPairCorr
  0.75GIIGX Gamco InternationalPairCorr
  0.74GIGRX Gamco InternationalPairCorr
  0.99EAAAX Enterprise Mergers AndPairCorr
  0.91GLOIX Gamco Global OpportunityPairCorr
  1.0DRCVX Comstock Capital ValuePairCorr
  0.98GMNAX Gabelli Global MiniPairCorr
  0.98GMNCX Gabelli Global MiniPairCorr
  1.0COMVX Comstock Capital ValuePairCorr
  0.92GOCAX Gamco Global OpportunityPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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  0.58  0.04 (0.05) 0.25  0.66 
(0.66)
 0.94 
(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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