Comstock Capital Value Fund Market Value
| DRCVX Fund | USD 4.15 0.01 0.24% |
| Symbol | Comstock |
Comstock Capital 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Comstock Capital's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Comstock Capital.
| 05/31/2024 |
| 11/27/2024 |
If you would invest 0.00 in Comstock Capital on May 31, 2024 and sell it all today you would earn a total of 0.00 from holding Comstock Capital Value or generate 0.0% return on investment in Comstock Capital over 180 days. Comstock Capital is related to or competes with Blackrock High, Calvert High, Ppm High, American Century, Prudential High, Fidelity Capital, and Virtus High. The fund follows a value oriented strategy and seeks to achieve its investment objective by investing in equity and debt... More
Comstock Capital Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Comstock Capital's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Comstock Capital Value upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.429 | |||
| Information Ratio | (0.30) | |||
| Maximum Drawdown | 1.94 | |||
| Value At Risk | (0.49) | |||
| Potential Upside | 0.489 |
Comstock Capital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Comstock Capital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Comstock Capital's standard deviation. In reality, there are many statistical measures that can use Comstock Capital historical prices to predict the future Comstock Capital's volatility.| Risk Adjusted Performance | 0.0564 | |||
| Jensen Alpha | 0.0192 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.23) | |||
| Treynor Ratio | 2.99 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Comstock Capital's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Comstock Capital Value Backtested Returns
At this stage we consider Comstock Mutual Fund to be very steady. Comstock Capital Value secures Sharpe Ratio (or Efficiency) of 0.0932, which signifies that the fund had a 0.0932% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Comstock Capital Value, which you can use to evaluate the volatility of the entity. Please confirm Comstock Capital's Downside Deviation of 0.429, risk adjusted performance of 0.0564, and Mean Deviation of 0.2366 to double-check if the risk estimate we provide is consistent with the expected return of 0.031%. The fund shows a Beta (market volatility) of 0.0067, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Comstock Capital's returns are expected to increase less than the market. However, during the bear market, the loss of holding Comstock Capital is expected to be smaller as well.
Auto-correlation | 0.70 |
Good predictability
Comstock Capital Value has good predictability. Overlapping area represents the amount of predictability between Comstock Capital time series from 31st of May 2024 to 29th of August 2024 and 29th of August 2024 to 27th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Comstock Capital Value price movement. The serial correlation of 0.7 indicates that around 70.0% of current Comstock Capital price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Comstock Capital Value lagged returns against current returns
Autocorrelation, which is Comstock Capital mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Comstock Capital's mutual fund expected returns. We can calculate the autocorrelation of Comstock Capital returns to help us make a trade decision. For example, suppose you find that Comstock Capital has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Comstock Capital regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Comstock Capital mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Comstock Capital mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Comstock Capital mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Comstock Capital Lagged Returns
When evaluating Comstock Capital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Comstock Capital mutual fund have on its future price. Comstock Capital autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Comstock Capital autocorrelation shows the relationship between Comstock Capital mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Comstock Capital Value.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Comstock Mutual Fund
Comstock Capital financial ratios help investors to determine whether Comstock Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Comstock with respect to the benefits of owning Comstock Capital security.
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