Comstock Capital Correlations

CPCRX Fund

USD 4.30 0.02 0.47%

The current 90-days correlation between Comstock Capital Value and Gabelli Esg Fund is 0.67 (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 0.75 (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

0.88	SRIGX	Gabelli Esg Fund	Pair Corr
0.79	GCFSX	Gabelli Global Financial	Pair Corr
0.88	GCIEX	Gabelli Equity	Pair Corr
0.86	EMACX	Enterprise Mergers And	Pair Corr
0.79	EMAAX	Enterprise Mergers And	Pair Corr
0.86	EMAYX	Enterprise Mergers And	Pair Corr
0.89	GVCAX	Gabelli Value	Pair Corr
0.89	GVCCX	Gabelli Value	Pair Corr
0.85	GVCIX	Gabelli Val	Pair Corr
0.86	MLGLX	Gabelli Media Mogul	Pair Corr
0.88	GEICX	Gabelli Equity Income	Pair Corr
0.84	GWSAX	Gabelli Focus	Pair Corr
0.8	GWSCX	Gabelli Focus	Pair Corr
0.84	GWSIX	Gabelli Focus	Pair Corr
0.84	GWSVX	Gabelli Focus	Pair Corr
0.79	GFSIX	Gabelli Global Financial	Pair Corr
0.79	GGCAX	Gabelli Growth	Pair Corr
0.79	GGCCX	Gabelli Growth	Pair Corr
0.84	GGCIX	Gabelli Growth	Pair Corr
0.79	GGFSX	Gabelli Global Financial	Pair Corr
0.85	GGGAX	Gamco Global Growth	Pair Corr
0.85	GGGCX	Gamco Global Growth	Pair Corr
0.8	GGGIX	Gamco Global Growth	Pair Corr
0.82	GGMMX	Gabelli Global Mini	Pair Corr
0.86	MOGLX	Gabelli Media Mogul	Pair Corr
0.85	GICPX	Gamco Global Growth	Pair Corr
0.86	EAAAX	Enterprise Mergers And	Pair Corr
0.99	DRCVX	Comstock Capital Value	Pair Corr
0.82	GMNAX	Gabelli Global Mini	Pair Corr
0.82	GMNCX	Gabelli Global Mini	Pair Corr
0.99	COMVX	Comstock Capital Value	Pair Corr

Moving against Comstock Mutual Fund

0.33	GCIGX	Gamco International	Pair Corr
0.4	GGLCX	Gamco Global Opportunity	Pair Corr
0.31	GIIGX	Gamco International	Pair Corr
0.31	GIGRX	Gamco International	Pair Corr
0.4	GLOIX	Gamco Global Opportunity	Pair Corr
0.4	GOCAX	Gamco Global Opportunity	Pair Corr

Related Correlations Analysis

	SRIGX	GCFSX	GCIEX	GCIGX	EMACX	EMAAX	EMAYX	GUXPX	GVCAX	GVCCX
SRIGX		0.83	0.98	-0.32	0.9	0.81	0.89	0.55	0.97	0.97	SRIGX
GCFSX	0.83		0.87	-0.73	0.94	0.89	0.94	0.36	0.85	0.84	GCFSX
GCIEX	0.98	0.87		-0.41	0.92	0.84	0.91	0.58	0.98	0.97	GCIEX
GCIGX	-0.32	-0.73	-0.41		-0.56	-0.6	-0.59	-0.17	-0.36	-0.34	GCIGX
EMACX	0.9	0.94	0.92	-0.56		0.92	1.0	0.49	0.88	0.88	EMACX
EMAAX	0.81	0.89	0.84	-0.6	0.92		0.93	0.52	0.81	0.8	EMAAX
EMAYX	0.89	0.94	0.91	-0.59	1.0	0.93		0.48	0.88	0.87	EMAYX
GUXPX	0.55	0.36	0.58	-0.17	0.49	0.52	0.48		0.54	0.53	GUXPX
GVCAX	0.97	0.85	0.98	-0.36	0.88	0.81	0.88	0.54		1.0	GVCAX
GVCCX	0.97	0.84	0.97	-0.34	0.88	0.8	0.87	0.53	1.0		GVCCX
	SRIGX	GCFSX	GCIEX	GCIGX	EMACX	EMAAX	EMAYX	GUXPX	GVCAX	GVCCX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

EMAYX	+ 1.0	EMACX
GVCCX	+ 1.0	GVCAX
GCIEX	+ 0.98	SRIGX
GVCAX	+ 0.98	GCIEX
GVCAX	+ 0.97	SRIGX
GVCCX	+ 0.97	SRIGX

High negative correlations

GCIGX	- 0.73	GCFSX
EMAAX	- 0.6	GCIGX
EMAYX	- 0.59	GCIGX
EMACX	- 0.56	GCIGX
GCIGX	- 0.41	GCIEX
GVCAX	- 0.36	GCIGX

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
SRIGX	0.52	(0.02)	(0.09)	0.09	0.50	(0.63)	1.21	(1.14)	3.01
GCFSX	0.69	0.04	0.06	0.16	0.47	(0.92)	1.52	(1.41)	4.94
GCIEX	0.60	(0.01)	(0.04)	0.11	0.47	(0.81)	1.26	(1.00)	3.95
GCIGX	0.74	(0.24)	0.00	(0.34)	0.00	0.00	1.18	(2.01)	5.15
EMACX	0.47	(0.01)	(0.08)	0.11	0.33	(0.58)	0.92	(0.83)	3.67
EMAAX	0.46	0.06	(0.12)	4.56	0.34	(0.57)	0.93	(0.82)	3.75
EMAYX	0.47	0.00	(0.07)	0.12	0.33	(0.55)	0.96	(0.82)	3.69
GUXPX	0.58	0.06	(0.07)	0.69	0.57	(0.72)	1.36	(0.98)	3.32
GVCAX	0.59	(0.01)	(0.04)	0.11	0.58	(0.67)	1.38	(1.12)	3.73
GVCCX	0.58	(0.01)	(0.04)	0.10	0.62	(0.66)	1.39	(1.10)	3.81

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