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.
  
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

  0.67GWSAX Gabelli FocusPairCorr
  0.72GWSCX Gabelli FocusPairCorr
  0.67GWSIX Gabelli FocusPairCorr
  0.73GWSVX Gabelli FocusPairCorr
  0.61GFSIX Gabelli Global FinancialPairCorr
  0.99DRCVX Comstock Capital ValuePairCorr

Moving against Comstock Mutual Fund

  0.38GUXPX Gabelli UtilitiesPairCorr
  0.32SRIGX Gabelli Esg FundPairCorr
  0.33GGLCX Gamco Global OpportunityPairCorr
  0.33GLOIX Gamco Global OpportunityPairCorr
  0.52GABIX Gabelli AssetPairCorr
  0.47GABAX Gabelli AssetPairCorr

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.