Gabelli Small Correlations

GCASX Fund

USD 43.01 0.21 0.49%

The current 90-days correlation between Gabelli Small and Fidelity Managed Retirement is 0.04 (i.e., Significant diversification). The correlation of Gabelli Small 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 Small Correlation With Market

Poor diversification

The correlation between The Gabelli Small and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Gabelli Small 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 Small. 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 state.

Moving together with Gabelli Mutual Fund

0.68	SRIGX	Gabelli Esg Fund	Pair Corr
0.81	GCIEX	Gabelli Equity	Pair Corr
0.66	GCIGX	Gamco International	Pair Corr
0.89	EMACX	Enterprise Mergers And	Pair Corr
0.88	EMAAX	Enterprise Mergers And	Pair Corr
0.87	EMAYX	Enterprise Mergers And	Pair Corr
0.86	GUXPX	Gabelli Utilities	Pair Corr
0.87	GVCAX	Gabelli Value	Pair Corr
0.88	GVCCX	Gabelli Value	Pair Corr
0.87	GVCIX	Gabelli Val	Pair Corr
0.7	MLGLX	Gabelli Media Mogul	Pair Corr
0.79	GEICX	Gabelli Equity Income	Pair Corr
0.63	GGCAX	Gabelli Growth	Pair Corr
0.63	GGCCX	Gabelli Growth	Pair Corr
0.63	GGCIX	Gabelli Growth	Pair Corr
0.79	GGMMX	Gabelli Global Mini	Pair Corr
0.69	MOGLX	Gabelli Media Mogul	Pair Corr
0.65	GIIGX	Gamco International	Pair Corr
0.65	GIGRX	Gamco International	Pair Corr
0.88	EAAAX	Enterprise Mergers And	Pair Corr
0.7	GMNAX	Gabelli Global Mini	Pair Corr
0.79	GMNCX	Gabelli Global Mini	Pair Corr

Related Correlations Analysis

	FHRVX	FTMRX	BRIEX	IRGPX	VTTHX	TDIFX	RRPPX	WMBFX
FHRVX		0.9	0.88	0.88	0.92	0.97	0.86	0.95	FHRVX
FTMRX	0.9		0.96	0.98	0.98	0.89	0.92	0.84	FTMRX
BRIEX	0.88	0.96		0.92	0.92	0.88	0.9	0.81	BRIEX
IRGPX	0.88	0.98	0.92		0.96	0.87	0.91	0.82	IRGPX
VTTHX	0.92	0.98	0.92	0.96		0.88	0.88	0.89	VTTHX
TDIFX	0.97	0.89	0.88	0.87	0.88		0.93	0.86	TDIFX
RRPPX	0.86	0.92	0.9	0.91	0.88	0.93		0.72	RRPPX
WMBFX	0.95	0.84	0.81	0.82	0.89	0.86	0.72		WMBFX
	FHRVX	FTMRX	BRIEX	IRGPX	VTTHX	TDIFX	RRPPX	WMBFX

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Risk-Adjusted Indicators

There is a big difference between Gabelli Mutual Fund performing well and Gabelli Small 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 Small'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
FHRVX	0.26	0.02	0.06	(0.51)	0.31	(0.26)	0.62	(0.45)	1.96
FTMRX	0.37	0.02	0.04	0.06	0.53	(0.37)	0.70	(0.63)	2.50
BRIEX	0.24	0.02	0.05	0.06	0.32	(0.24)	0.52	(0.43)	2.06
IRGPX	0.45	0.01	0.02	0.02	0.64	(0.51)	0.92	(1.21)	3.27
VTTHX	0.39	0.02	0.04	0.06	0.58	(0.38)	0.70	(0.80)	2.64
TDIFX	0.14	0.01	0.07	(0.64)	0.13	(0.18)	0.35	(0.26)	1.30
RRPPX	0.30	0.04	0.09	0.15	0.38	(0.34)	0.62	(0.47)	2.37
WMBFX	0.32	0.01	0.02	(0.14)	0.44	(0.36)	0.58	(0.59)	2.42

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Gabelli Small Correlations

Gabelli Small Correlation With Market

Poor diversification

Moving together with Gabelli Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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