Comstock Capital Correlations
COMVX Fund | USD 4.12 0.01 0.24% |
The current 90-days correlation between Comstock Capital Value and Artisan Small Cap is 0.47 (i.e., Very weak 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 0.18 (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.
Comstock |
Moving together with Comstock Mutual Fund
0.67 | GWSAX | Gabelli Focus | PairCorr |
0.72 | GWSCX | Gabelli Focus | PairCorr |
0.67 | GWSIX | Gabelli Focus | PairCorr |
0.73 | GWSVX | Gabelli Focus | PairCorr |
0.61 | GFSIX | Gabelli Global Financial | PairCorr |
0.99 | DRCVX | Comstock Capital Value | PairCorr |
Moving against Comstock Mutual Fund
0.38 | GUXPX | Gabelli Utilities | PairCorr |
0.32 | SRIGX | Gabelli Esg Fund | PairCorr |
0.33 | GGLCX | Gamco Global Opportunity | PairCorr |
0.33 | GLOIX | Gamco Global Opportunity | PairCorr |
0.52 | GABIX | Gabelli Asset | PairCorr |
0.47 | GABAX | Gabelli Asset | PairCorr |
Related Correlations Analysis
0.84 | 0.83 | 0.87 | 0.65 | 0.7 | 0.68 | ARTSX | ||
0.84 | 0.56 | 0.88 | 0.87 | 0.78 | 0.64 | RPNCX | ||
0.83 | 0.56 | 0.59 | 0.32 | 0.49 | 0.76 | GGRYX | ||
0.87 | 0.88 | 0.59 | 0.84 | 0.8 | 0.52 | NEAIX | ||
0.65 | 0.87 | 0.32 | 0.84 | 0.88 | 0.29 | LGLSX | ||
0.7 | 0.78 | 0.49 | 0.8 | 0.88 | 0.28 | HSUAX | ||
0.68 | 0.64 | 0.76 | 0.52 | 0.29 | 0.28 | EIPIX | ||
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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 Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
ARTSX | 1.03 | 0.05 | 0.01 | 0.17 | 1.31 | 2.14 | 6.98 | |||
RPNCX | 1.00 | 0.13 | 0.06 | 0.32 | 1.23 | 2.11 | 9.16 | |||
GGRYX | 0.42 | (0.02) | (0.12) | 0.03 | 0.58 | 0.86 | 3.17 | |||
NEAIX | 1.16 | 0.05 | 0.01 | 0.19 | 1.43 | 2.28 | 9.37 | |||
LGLSX | 1.18 | 0.16 | 0.07 | 0.40 | 1.59 | 2.65 | 8.91 | |||
HSUAX | 0.70 | 0.13 | 0.06 | 0.50 | 0.88 | 1.31 | 6.61 | |||
EIPIX | 0.84 | 0.01 | (0.03) | 0.10 | 1.69 | 1.76 | 9.39 |