Gabelli Dividend Correlations

GABBX Fund

USD 17.63 0.10 0.56%

The current 90-days correlation between Gabelli Dividend and Gamco Global Opportunity is 0.03 (i.e., Significant diversification). The correlation of Gabelli Dividend 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.

Gabelli Dividend Correlation With Market

Modest diversification

The correlation between The Gabelli Dividend and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Gabelli Dividend and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in The Gabelli Dividend. 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 bureau of labor statistics.

Moving together with Gabelli Mutual Fund

0.63	SRIGX	Gabelli Esg Fund	Pair Corr
0.65	GCIEX	Gabelli Equity	Pair Corr
0.76	GCIGX	Gamco International	Pair Corr
0.91	EMACX	Enterprise Mergers And	Pair Corr
0.9	EMAAX	Enterprise Mergers And	Pair Corr
0.9	EMAYX	Enterprise Mergers And	Pair Corr
0.94	GUXPX	Gabelli Utilities	Pair Corr
0.97	GVCAX	Gabelli Value	Pair Corr
0.97	GVCCX	Gabelli Value	Pair Corr
0.96	GVCIX	Gabelli Val	Pair Corr
0.84	MLGLX	Gabelli Media Mogul	Pair Corr
0.64	GEICX	Gabelli Equity Income	Pair Corr
0.73	GGCCX	Gabelli Growth	Pair Corr
0.72	GGCIX	Gabelli Growth	Pair Corr
0.83	GGMMX	Gabelli Global Mini	Pair Corr
0.68	GGLCX	Gamco Global Opportunity	Pair Corr
0.83	MOGLX	Gabelli Media Mogul	Pair Corr
0.74	GIIGX	Gamco International	Pair Corr
0.76	GIGRX	Gamco International	Pair Corr
0.9	EAAAX	Enterprise Mergers And	Pair Corr
0.67	GLOIX	Gamco Global Opportunity	Pair Corr
0.83	GMNAX	Gabelli Global Mini	Pair Corr
0.83	GMNCX	Gabelli Global Mini	Pair Corr
0.68	GOCAX	Gamco Global Opportunity	Pair Corr

Moving against Gabelli Mutual Fund

0.42	DRCVX	Comstock Capital Value	Pair Corr
0.45	COMVX	Comstock Capital Value	Pair Corr
0.43	CPCRX	Comstock Capital Value	Pair Corr

Related Correlations Analysis

	GABOX	GICPX	GABGX	GIGRX	GABEX
GABOX		0.03	0.29	0.89	0.44	GABOX
GICPX	0.03		0.81	0.29	0.65	GICPX
GABGX	0.29	0.81		0.53	0.62	GABGX
GIGRX	0.89	0.29	0.53		0.51	GIGRX
GABEX	0.44	0.65	0.62	0.51		GABEX
	GABOX	GICPX	GABGX	GIGRX	GABEX

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Risk-Adjusted Indicators

There is a big difference between Gabelli Mutual Fund performing well and Gabelli Dividend 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 Gabelli Dividend'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
GABOX	0.55	(0.09)	0.00	(0.32)	0.00	0.00	1.04	(1.38)	3.82
GICPX	0.86	0.04	0.00	0.16	1.30	(0.84)	1.56	(2.23)	5.34
GABGX	1.04	(0.02)	(0.03)	0.03	1.84	(0.98)	2.14	(2.88)	9.53
GIGRX	0.72	(0.11)	0.00	(0.27)	0.00	0.00	1.02	(1.44)	6.82
GABEX	0.57	(0.01)	(0.06)	0.04	0.73	(0.73)	1.11	(0.97)	6.25

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