Gamco Investors Correlations
| GBLDelisted Stock | USD 16.00 0.34 2.17% |
The current 90-days correlation between Gamco Investors and Kura Sushi USA is -0.01 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Gamco Investors moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gamco Investors moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Gamco Investors Correlation With Market
Good diversification
The correlation between Gamco Investors and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gamco Investors and DJI in the same portfolio, assuming nothing else is changed.
Gamco |
Moving against Gamco Stock
Related Correlations Analysis
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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
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Risk-Adjusted Indicators
There is a big difference between Gamco Stock performing well and Gamco Investors 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 Gamco Investors' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BOOT | 1.95 | 0.14 | 0.02 | 0.33 | 3.89 | 5.70 | 29.69 | |||
| KRUS | 2.91 | 0.49 | 0.19 | 0.32 | 2.96 | 7.63 | 20.80 | |||
| SMIZF | 0.48 | 0.16 | 0.00 | (19.12) | 0.00 | 0.00 | 17.60 | |||
| INN | 1.49 | (0.08) | (0.02) | 0.05 | 1.59 | 3.45 | 10.45 | |||
| JILL | 1.99 | (0.39) | 0.00 | (0.11) | 0.00 | 3.50 | 16.86 | |||
| BJRI | 2.05 | 0.12 | 0.07 | 0.17 | 2.30 | 4.59 | 13.19 | |||
| DIN | 2.63 | (0.02) | 0.04 | 0.09 | 2.85 | 4.71 | 19.97 |
Gamco Investors Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Gamco Investors stock to make a market-neutral strategy. Peer analysis of Gamco Investors could also be used in its relative valuation, which is a method of valuing Gamco Investors by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in Gamco Investors?
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