Gamco Global Correlations

GABOX Fund

USD 11.68 0.12 1.04%

The current 90-days correlation between Gamco Global Opportunity and Virtus Nfj Large Cap is 0.29 (i.e., Modest diversification). The correlation of Gamco Global 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.

Gamco Global Correlation With Market

Modest diversification

The correlation between Gamco Global Opportunity and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gamco Global Opportunity 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 Gamco Global Opportunity. 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 persons.

Moving together with GAMCO Mutual Fund

0.74	SRIGX	Gabelli Esg Fund	Pair Corr
0.9	GCIGX	Gamco International	Pair Corr
0.63	EMACX	Enterprise Mergers And	Pair Corr
0.62	EMAAX	Enterprise Mergers And	Pair Corr
0.72	GUXPX	Gabelli Utilities	Pair Corr
0.64	GVCAX	Gabelli Value	Pair Corr
0.65	GVCCX	Gabelli Value	Pair Corr
0.64	GVCIX	Gabelli Val	Pair Corr
0.62	MLGLX	Gabelli Media Mogul	Pair Corr
1.0	GGLCX	Gamco Global Opportunity	Pair Corr
0.61	MOGLX	Gabelli Media Mogul	Pair Corr
0.89	GIIGX	Gamco International	Pair Corr
0.89	GIGRX	Gamco International	Pair Corr
0.62	EAAAX	Enterprise Mergers And	Pair Corr
0.75	GLDAX	Gabelli Gold	Pair Corr
0.72	GLDCX	Gabelli Gold	Pair Corr
0.71	GLDIX	Gabelli Gold	Pair Corr
1.0	GLOIX	Gamco Global Opportunity	Pair Corr

Moving against GAMCO Mutual Fund

0.31	DRCVX	Comstock Capital Value	Pair Corr
0.34	COMVX	Comstock Capital Value	Pair Corr

Related Correlations Analysis

	VAAGX	PCLVX	GMLGX	FCLKX	ILESX	LMISX
VAAGX		0.92	0.7	0.55	0.81	0.72	VAAGX
PCLVX	0.92		0.6	0.44	0.71	0.64	PCLVX
GMLGX	0.7	0.6		0.7	0.93	0.91	GMLGX
FCLKX	0.55	0.44	0.7		0.82	0.85	FCLKX
ILESX	0.81	0.71	0.93	0.82		0.96	ILESX
LMISX	0.72	0.64	0.91	0.85	0.96		LMISX
	VAAGX	PCLVX	GMLGX	FCLKX	ILESX	LMISX

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Risk-Adjusted Indicators

There is a big difference between GAMCO Mutual Fund performing well and Gamco Global 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 Gamco Global'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
VAAGX	0.62	(0.04)	0.00	(0.39)	0.00	0.00	1.14	(1.22)	5.45
PCLVX	0.65	(0.09)	0.00	(0.11)	0.00	0.00	0.98	(0.92)	10.97
GMLGX	0.71	(0.01)	(0.05)	0.06	1.27	(0.67)	1.22	(1.47)	7.56
FCLKX	0.58	0.03	(0.03)	0.16	0.74	(0.63)	1.16	(1.21)	5.36
ILESX	0.70	(0.01)	(0.06)	0.06	1.00	(0.69)	1.24	(1.84)	6.28
LMISX	0.74	0.00	(0.03)	0.09	1.19	(0.71)	1.27	(1.60)	6.30

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