The Gabelli Correlations
GCCSX Fund | USD 34.72 0.17 0.49% |
The current 90-days correlation between Gabelli Small and The Gabelli Asset is 0.79 (i.e., Poor diversification). The correlation of The Gabelli 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.
The Gabelli Correlation With Market
Poor diversification
The correlation between The Gabelli Small and DJI is 0.76 (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.
The |
Moving together with The Mutual Fund
0.72 | GCIEX | Gabelli Equity | PairCorr |
0.7 | GUXPX | Gabelli Utilities | PairCorr |
0.69 | GVCAX | Gabelli Value | PairCorr |
0.7 | GVCCX | Gabelli Value | PairCorr |
0.68 | GVCIX | Gabelli Val | PairCorr |
0.73 | GEICX | Gabelli Equity Income | PairCorr |
0.75 | GWSAX | Gabelli Focus | PairCorr |
0.76 | GWSCX | Gabelli Focus | PairCorr |
0.74 | GWSIX | Gabelli Focus | PairCorr |
0.75 | GWSVX | Gabelli Focus | PairCorr |
0.62 | DRCVX | Comstock Capital Value | PairCorr |
Related Correlations Analysis
0.99 | 0.88 | 0.93 | 0.81 | GABAX | ||
0.99 | 0.85 | 0.92 | 0.78 | GABEX | ||
0.88 | 0.85 | 0.97 | 0.86 | GABGX | ||
0.93 | 0.92 | 0.97 | 0.83 | PRBLX | ||
0.81 | 0.78 | 0.86 | 0.83 | GABTX | ||
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Risk-Adjusted Indicators
There is a big difference between The Mutual Fund performing well and The Gabelli 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 The Gabelli'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
GABAX | 0.55 | (0.02) | (0.07) | 0.10 | 0.46 | 1.07 | 3.77 | |||
GABEX | 0.58 | (0.02) | (0.06) | 0.10 | 0.46 | 1.11 | 4.10 | |||
GABGX | 0.74 | 0.02 | 0.00 | 0.15 | 0.98 | 1.65 | 5.15 | |||
PRBLX | 0.55 | 0.00 | (0.05) | 0.12 | 0.68 | 1.15 | 3.75 | |||
GABTX | 0.51 | 0.09 | (0.06) | 10.77 | 0.48 | 1.09 | 3.00 |