Gabelli Gold Correlations
| GLDIX Fund | USD 23.30 0.11 0.47% |
The current 90-days correlation between Gabelli Gold and Gabelli Gold Fund is 0.11 (i.e., Average diversification). The correlation of Gabelli Gold 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 Gold Correlation With Market
Significant diversification
The correlation between Gabelli Gold Fund and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gabelli Gold Fund and DJI in the same portfolio, assuming nothing else is changed.
Gabelli |
Moving together with Gabelli Mutual Fund
| 0.65 | GCFSX | Gabelli Global Financial | PairCorr |
| 0.71 | GGLCX | Gamco Global Opportunity | PairCorr |
| 0.82 | GLDAX | Gabelli Gold | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Gabelli Mutual Fund performing well and Gabelli Gold 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 Gold'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GLDAX | 1.31 | (0.08) | 0.00 | (0.10) | 0.00 | 2.79 | 8.37 | |||
| GLDCX | 1.26 | (0.04) | 0.00 | (0.04) | 0.00 | 2.76 | 8.42 | |||
| FGADX | 1.32 | (0.04) | 0.00 | (0.21) | 0.00 | 2.65 | 8.00 | |||
| FEGIX | 1.25 | (0.02) | 0.00 | (0.13) | 0.00 | 2.85 | 7.82 | |||
| INIYX | 1.30 | (0.08) | 0.00 | (0.59) | 0.00 | 2.71 | 8.26 |