The Gabelli Correlations
| GVCCX Fund | USD 6.89 0.04 0.58% |
The current 90-days correlation between Gabelli Value and Real Estate Ultrasector is 0.39 (i.e., Weak 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
Weak diversification
The correlation between The Gabelli Value and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Gabelli Value and DJI in the same portfolio, assuming nothing else is changed.
The |
Moving together with The Mutual Fund
| 0.8 | GCIEX | Gabelli Equity | PairCorr |
| 0.75 | GCIGX | Gamco International | PairCorr |
| 0.97 | EMACX | Enterprise Mergers And | PairCorr |
| 0.97 | EMAAX | Enterprise Mergers And | PairCorr |
| 0.97 | EMAYX | Enterprise Mergers And | PairCorr |
| 0.92 | GUXPX | Gabelli Utilities | PairCorr |
| 0.96 | GVCAX | Gabelli Value | PairCorr |
| 1.0 | GVCIX | Gabelli Val | PairCorr |
| 0.88 | MLGLX | Gabelli Media Mogul | PairCorr |
| 0.82 | GEICX | Gabelli Equity Income | PairCorr |
| 0.76 | GGCAX | Gabelli Growth | PairCorr |
| 0.77 | GGCCX | Gabelli Growth | PairCorr |
| 0.76 | GGCIX | Gabelli Growth | PairCorr |
| 0.88 | GGMMX | Gabelli Global Mini | PairCorr |
| 0.65 | GGLCX | Gamco Global Opportunity | PairCorr |
| 0.88 | MOGLX | Gabelli Media Mogul | PairCorr |
| 0.76 | GIIGX | Gamco International | PairCorr |
| 0.76 | GIGRX | Gamco International | PairCorr |
| 0.97 | EAAAX | Enterprise Mergers And | PairCorr |
| 0.65 | GLOIX | Gamco Global Opportunity | PairCorr |
| 0.88 | GMNAX | Gabelli Global Mini | PairCorr |
| 0.88 | GMNCX | Gabelli Global Mini | PairCorr |
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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| REPIX | 1.41 | (0.22) | 0.00 | (0.20) | 0.00 | 2.49 | 8.45 | |||
| NRSAX | 0.24 | (0.04) | 0.00 | (0.59) | 0.00 | 0.44 | 3.04 | |||
| BREUX | 0.89 | (0.01) | 0.00 | (0.45) | 0.00 | 1.64 | 7.09 | |||
| IVRSX | 0.86 | (0.13) | 0.00 | (0.23) | 0.00 | 1.35 | 5.23 | |||
| VGSIX | 0.91 | (0.13) | 0.00 | (0.17) | 0.00 | 1.48 | 5.53 | |||
| ZRPTUX | 0.07 | (0.02) | 0.00 | (0.72) | 0.00 | 0.08 | 1.27 | |||
| FIKMX | 0.26 | (0.03) | 0.00 | (0.11) | 0.00 | 0.59 | 1.59 |