Comstock Holding Correlations

CHCI Stock

USD 7.44 0.18 2.48%

The current 90-days correlation between Comstock Holding Com and St Joe Company is -0.13 (i.e., Good diversification). The correlation of Comstock Holding 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.

Comstock Holding Correlation With Market

Good diversification

The correlation between Comstock Holding Companies and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Comstock Holding Companies 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 Holding Companies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Comstock Stock

0.75	BC	Brunswick	Pair Corr
0.68	BLD	Topbuild Corp	Pair Corr
0.69	CCS	Century Communities	Pair Corr
0.74	DHI	DR Horton	Pair Corr
0.67	MHO	MI Homes	Pair Corr
0.72	MPX	Marine Products	Pair Corr
0.76	TPH	TRI Pointe Homes	Pair Corr
0.74	UHG	United Homes Group	Pair Corr
0.72	VRA	Vera Bradley	Pair Corr
0.7	LGIH	LGI Homes	Pair Corr

Moving against Comstock Stock

0.59	RL	Ralph Lauren Corp	Pair Corr
0.6	TPR	Tapestry	Pair Corr
0.55	VFC	VF Corporation	Pair Corr
0.42	GOOS	Canada Goose Holdings	Pair Corr
0.35	AREBW	American Rebel Holdings	Pair Corr
0.62	SONY	Sony Group Corp	Pair Corr
0.61	JRSH	Jerash Holdings	Pair Corr
0.51	PLBY	Plby Group	Pair Corr
0.49	MYTE	MYT Netherlands Parent	Pair Corr
0.41	LANV	Lanvin Group Holdings	Pair Corr
0.39	LEVI	Levi Strauss	Pair Corr

Related Correlations Analysis

	JOE	HHC	STRS	HLDVF	MTSFY	NDVLY
JOE		0.0	0.36	0.0	0.58	-0.02	JOE
HHC	0.0		0.0	0.0	0.0	0.0	HHC
STRS	0.36	0.0		0.0	-0.24	0.77	STRS
HLDVF	0.0	0.0	0.0		0.0	0.0	HLDVF
MTSFY	0.58	0.0	-0.24	0.0		-0.48	MTSFY
NDVLY	-0.02	0.0	0.77	0.0	-0.48		NDVLY
	JOE	HHC	STRS	HLDVF	MTSFY	NDVLY

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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

NDVLY	+ 0.77	STRS
MTSFY	+ 0.58	JOE
STRS	+ 0.36	JOE
HHC	+ 0.0	JOE
HLDVF	+ 0.0	JOE
STRS	+ 0.0	HHC

High negative correlations

NDVLY	- 0.48	MTSFY
MTSFY	- 0.24	STRS
NDVLY	- 0.02	JOE
NDVLY	- 0.0	HLDVF
MTSFY	- 0.0	HLDVF
HLDVF	- 0.0	STRS

Risk-Adjusted Indicators

There is a big difference between Comstock Stock performing well and Comstock Holding Company 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 Holding'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
JOE	1.10	(0.15)	0.00	(0.18)	0.00	0.00	2.40	(2.13)	7.02
HHC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
STRS	1.97	(0.59)	0.00	(0.71)	0.00	0.00	4.31	(6.35)	12.43
HLDVF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MTSFY	1.23	0.08	0.05	0.07	1.39	(1.33)	3.26	(2.41)	7.89
NDVLY	6.51	0.00	0.00	0.00	7.23	(7.87)	16.67	(12.12)	37.83

Comstock Holding Corporate Management

Paul Schwartz	Senior Resources	Profile
Christopher Facas	Senior Services	Profile
Jubal Thompson	General Counsel and Secretary	Profile
John Harrison	Executive Development	Profile
Tracy Schar	Senior Design	Profile

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