Gabelli Equity Correlations
| GAB-PK Preferred Stock | USD 23.01 0.16 0.70% |
The current 90-days correlation between Gabelli Equity and The Gabelli Equity is 0.62 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Gabelli Equity moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if The Gabelli Equity moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Gabelli Equity Correlation With Market
Significant diversification
The correlation between The Gabelli Equity and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Gabelli Equity and DJI in the same portfolio, assuming nothing else is changed.
Gabelli |
The ability to find closely correlated positions to Gabelli Equity could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gabelli Equity 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 Gabelli Equity - 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 The Gabelli Equity to buy it.
Moving together with Gabelli Preferred Stock
Moving against Gabelli Preferred Stock
| 0.48 | BAMGF | Brookfield Asset Man | PairCorr |
| 0.4 | BRK-B | Berkshire Hathaway | PairCorr |
| 0.35 | IVSXF | Investor AB | PairCorr |
Related Correlations Analysis
| 0.92 | 0.92 | 0.9 | 0.9 | GGT-PG | ||
| 0.92 | 0.9 | 0.92 | 0.97 | GAB-PH | ||
| 0.92 | 0.9 | 0.93 | 0.87 | GGT-PE | ||
| 0.9 | 0.92 | 0.93 | 0.89 | GDV-PH | ||
| 0.9 | 0.97 | 0.87 | 0.89 | GAB-PG | ||
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Risk-Adjusted Indicators
There is a big difference between Gabelli Preferred Stock performing well and Gabelli Equity 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 Gabelli Equity'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GGT-PG | 0.46 | 0.07 | (0.05) | 3.38 | 0.52 | 1.41 | 3.86 | |||
| GAB-PH | 0.44 | 0.11 | (0.02) | (6.18) | 0.36 | 1.17 | 3.34 | |||
| GGT-PE | 0.47 | 0.05 | (0.08) | (1.13) | 0.62 | 1.44 | 5.53 | |||
| GDV-PH | 0.31 | 0.08 | (0.09) | 27.98 | 0.23 | 0.75 | 2.18 | |||
| GAB-PG | 0.71 | 0.10 | (0.02) | 31.73 | 0.76 | 1.68 | 5.27 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Gabelli Equity without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Gabelli Equity Corporate Management
| CPA CPA | Pres Officer | Profile | |
| Christopher Marangi | Portfolio Mang | Profile | |
| CFA CFA | Portfolio Mang | Profile | |
| Kevin Dreyer | Portfolio Mang | Profile | |
| Carter Austin | VP | Profile | |
| James McKee | Gen Counsel | Profile | |
| Douglas Jamieson | Pres GAMCO | Profile |