Gabelli Gold Value At Risk
| GOLDX Fund | | | USD 53.02 -0.21 -0.39% |
Value At Risk (or VAR) is a statistical technique used to measure the level of financial risk of investment instrument over a specific time frame. It is a widely used measure of the risk of loss on a specific investing instrument. Below is Gabelli Gold's current Value At Risk with peer comparisons and related risk metrics.
Current Value At Risk Value
Gabelli Gold carries a Value At Risk of
-6.23, consistent with the estimated maximum daily loss at the given confidence level. This indicates substantial tail risk — there is approximately a 5% probability that Gabelli Gold could lose more than
-6.23 in a single day.
Value At Risk | = | ER[a] x N | + | (Z-SCORE x STD x SQRT (N)) |
| = | -6.23 | |
| ER[a] | = | Expected return on investing in Gabelli Gold |
| STD | = | Standard Deviation of Gabelli Gold |
| N | = | Number of points for the period |
| Z-SCORE | = | Number of standard deviations above or below the mean |
Value At Risk Peers Comparison
The peer group averages -3.19 for Value At Risk, with Gabelli Gold at -6.2284 falling below that level. Readings span -6.0317 (Wells Fargo Advantage) to 0.0 (). Gabelli Gold carries lower tail risk than the peer average at the given confidence level.
Value At Risk Relative To Other Indicators
The chart below plots Value At Risk against Maximum Drawdown for Gabelli Gold and its peers. Each point represents one equity — position along the horizontal axis shows Value At Risk while the vertical axis shows Maximum Drawdown. Equities that cluster in different quadrants carry distinct risk-return profiles. Use the dropdowns to swap in other indicators for either axis.
Compare Gabelli Gold to PeersMethodology, Assumptions & Data Sources
Gabelli Gold has a current Value At Risk reading of -6.23. The Value At Risk for Gabelli Gold applies a standardized calculation to daily closing prices and, where applicable, volume data across the selected period. Price data is sourced from standardized end-of-day feeds across supported exchanges, normalized for corporate actions. Indicator accuracy depends on data continuity across the calculation period. Gaps in trading history may affect the output.
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