Comstock Capital Correlations

DRCVX Fund

USD 4.17 0.01 0.24%

The current 90-days correlation between Comstock Capital Value and Absolute Convertible Arbitrage is 0.01 (i.e., Significant 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 0.62 (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 Investing Opportunities 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

0.72	SRIGX	Gabelli Esg Fund	Pair Corr
0.64	GCFSX	Gabelli Global Financial	Pair Corr
0.72	GCIEX	Gabelli Equity	Pair Corr
0.78	GCIGX	Gamco International	Pair Corr
0.63	EMACX	Enterprise Mergers And	Pair Corr
0.65	EMAAX	Enterprise Mergers And	Pair Corr
0.66	EMAYX	Enterprise Mergers And	Pair Corr
0.69	GUXPX	Gabelli Utilities	Pair Corr
0.64	GVCAX	Gabelli Value	Pair Corr
0.71	GVCCX	Gabelli Value	Pair Corr
0.72	GVCIX	Gabelli Val	Pair Corr
0.67	GEICX	Gabelli Equity Income	Pair Corr
0.71	GWSAX	Gabelli Focus	Pair Corr
0.69	GWSCX	Gabelli Focus	Pair Corr
0.7	GWSIX	Gabelli Focus	Pair Corr
0.7	GWSVX	Gabelli Focus	Pair Corr
0.83	GFSIX	Gabelli Global Financial	Pair Corr
0.85	GGFSX	Gabelli Global Financial	Pair Corr
0.76	GGLCX	Gamco Global Opportunity	Pair Corr
0.85	GIIGX	Gamco International	Pair Corr
0.85	GIGRX	Gamco International	Pair Corr
0.65	EAAAX	Enterprise Mergers And	Pair Corr
0.65	GLDAX	Gabelli Gold	Pair Corr
0.76	GLDCX	Gabelli Gold	Pair Corr
0.78	GLDIX	Gabelli Gold	Pair Corr
0.76	GLOIX	Gamco Global Opportunity	Pair Corr
0.99	COMVX	Comstock Capital Value	Pair Corr

Related Correlations Analysis

	ARBOX	FSAWX	PBXIX	GCV	PCNTX	LCFYX	VAADX	NCIDX
ARBOX		0.98	-0.28	0.36	-0.52	-0.12	-0.52	-0.39	ARBOX
FSAWX	0.98		-0.41	0.26	-0.65	-0.27	-0.64	-0.53	FSAWX
PBXIX	-0.28	-0.41		0.44	0.93	0.85	0.92	0.93	PBXIX
GCV	0.36	0.26	0.44		0.34	0.64	0.34	0.44	GCV
PCNTX	-0.52	-0.65	0.93	0.34		0.84	1.0	0.98	PCNTX
LCFYX	-0.12	-0.27	0.85	0.64	0.84		0.84	0.87	LCFYX
VAADX	-0.52	-0.64	0.92	0.34	1.0	0.84		0.98	VAADX
NCIDX	-0.39	-0.53	0.93	0.44	0.98	0.87	0.98		NCIDX
	ARBOX	FSAWX	PBXIX	GCV	PCNTX	LCFYX	VAADX	NCIDX

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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

VAADX	+ 1.0	PCNTX
FSAWX	+ 0.98	ARBOX
NCIDX	+ 0.98	PCNTX
NCIDX	+ 0.98	VAADX
PCNTX	+ 0.93	PBXIX
NCIDX	+ 0.93	PBXIX

High negative correlations

PCNTX	- 0.65	FSAWX
VAADX	- 0.64	FSAWX
NCIDX	- 0.53	FSAWX
VAADX	- 0.52	ARBOX
PCNTX	- 0.52	ARBOX
PBXIX	- 0.41	FSAWX

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
ARBOX	0.05	0.02	0.00	(7.45)	0.00	0.00	0.09	0.00	0.18
FSAWX	0.08	0.04	0.78	(1.52)	0.00	(0.14)	0.19	(0.10)	0.38
PBXIX	0.43	(0.06)	0.00	0.74	0.00	0.00	0.81	(0.90)	2.66
GCV	0.91	0.03	0.04	0.03	1.20	(0.99)	2.17	(2.14)	6.16
PCNTX	0.64	(0.10)	0.00	1.59	0.00	0.00	1.07	(1.68)	3.46
LCFYX	0.66	(0.02)	0.00	(0.07)	0.00	0.00	1.12	(1.42)	3.20
VAADX	0.67	(0.11)	0.00	2.13	0.00	0.00	1.13	(1.60)	3.27
NCIDX	0.59	(0.07)	0.00	1.31	0.00	0.00	1.03	(1.38)	3.23

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