Comstock Capital Value Fund Market Value

DRCVX Fund  USD 3.99  0.01  0.25%   
Comstock Capital's market value is the price at which a share of Comstock Capital trades on a public exchange. It measures the collective expectations of Comstock Capital Value investors about its performance. Comstock Capital is trading at 3.99 as of the 29th of March 2024; that is 0.25 percent up since the beginning of the trading day. The fund's open price was 3.98.
With this module, you can estimate the performance of a buy and hold strategy of Comstock Capital Value and determine expected loss or profit from investing in Comstock Capital over a given investment horizon. Check out Comstock Capital Correlation, Comstock Capital Volatility and Comstock Capital Alpha and Beta module to complement your research on Comstock Capital.
Symbol

Please note, there is a significant difference between Comstock Capital's value and its price as these two are different measures arrived at by different means. Investors typically determine if Comstock Capital is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Comstock Capital's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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.
0.00
04/09/2022
No Change 0.00  0.0 
In 1 year 11 months and 21 days
03/29/2024
0.00
If you would invest  0.00  in Comstock Capital on April 9, 2022 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 720 days. Comstock Capital is related to or competes with Federated Prudent, Federated Prudent, Pimco Stocksplus, Pimco Stocksplus, and Scharf Global. 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.

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.
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.
Hype
Prediction
LowEstimatedHigh
3.753.994.23
Details
Intrinsic
Valuation
LowRealHigh
3.743.984.22
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Comstock Capital. Your research has to be compared to or analyzed against Comstock Capital's peers to derive any actionable benefits. When done correctly, Comstock Capital's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Comstock Capital Value.

Comstock Capital Value Backtested Returns

We consider Comstock Capital very steady. Comstock Capital Value secures Sharpe Ratio (or Efficiency) of 0.0681, which signifies that the fund had a 0.0681% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Comstock Capital Value, which you can use to evaluate the volatility of the entity. Please confirm Comstock Capital's Mean Deviation of 0.1755, downside deviation of 0.3235, and Risk Adjusted Performance of 0.0229 to double-check if the risk estimate we provide is consistent with the expected return of 0.0165%. The fund shows a Beta (market volatility) of 0.29, 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

    
  0.86  

Very good predictability

Comstock Capital Value has very good predictability. Overlapping area represents the amount of predictability between Comstock Capital time series from 9th of April 2022 to 4th of April 2023 and 4th of April 2023 to 29th of March 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 0.86 indicates that approximately 86.0% of current Comstock Capital price fluctuation can be explain by its past prices.
Correlation Coefficient0.86
Spearman Rank Test0.85
Residual Average0.0
Price Variance0.01

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  

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Comstock Capital in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Comstock Capital's short interest history, or implied volatility extrapolated from Comstock Capital options trading.

Pair Trading with Comstock Capital

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Comstock Capital position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Comstock Capital will appreciate offsetting losses from the drop in the long position's value.

Moving together with Comstock Mutual Fund

  0.74USG USCF Gold Strategy Symbol ChangePairCorr
  0.7GCFSX Gabelli Global FinancialPairCorr
  0.63GCIEX The Gabelli EquityPairCorr
The ability to find closely correlated positions to Comstock Capital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Comstock Capital when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Comstock Capital - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Comstock Capital Value to buy it.
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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Comstock Capital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Comstock Capital Value moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Comstock Capital can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Check out Comstock Capital Correlation, Comstock Capital Volatility and Comstock Capital Alpha and Beta module to complement your research on Comstock Capital.
You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.

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When running Comstock Capital's price analysis, check to measure Comstock Capital's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Comstock Capital is operating at the current time. Most of Comstock Capital's value examination focuses on studying past and present price action to predict the probability of Comstock Capital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Comstock Capital's price. Additionally, you may evaluate how the addition of Comstock Capital to your portfolios can decrease your overall portfolio volatility.
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Comstock Capital technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
A focus of Comstock Capital technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Comstock Capital trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...