Gabelli Equity Trust Fund Market Value
| GAB Fund | USD 5.75 0.06 1.05% |
| Symbol | Gabelli |
Gabelli Equity 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Gabelli Equity's fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Gabelli Equity.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Gabelli Equity on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Gabelli Equity Trust or generate 0.0% return on investment in Gabelli Equity over 30 days. Gabelli Equity is related to or competes with Gabelli Utility, Gabelli MultiMedia, Gabelli Healthcare, Liberty All, and Liberty All. The Gabelli Equity Trust Inc. is a closed ended equity mutual fund launched by GAMCO Investors, Inc More
Gabelli Equity Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Gabelli Equity's fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Gabelli Equity Trust upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9292 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 3.55 | |||
| Value At Risk | (1.29) | |||
| Potential Upside | 1.49 |
Gabelli Equity Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gabelli Equity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gabelli Equity's standard deviation. In reality, there are many statistical measures that can use Gabelli Equity historical prices to predict the future Gabelli Equity's volatility.| Risk Adjusted Performance | 0.1136 | |||
| Jensen Alpha | 0.0158 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.1405 |
Gabelli Equity Trust Backtested Returns
At this point, Gabelli Equity is not too volatile. Gabelli Equity Trust holds Efficiency (Sharpe) Ratio of 0.11, which attests that the entity had a 0.11% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Gabelli Equity Trust, which you can use to evaluate the volatility of the entity. Please check out Gabelli Equity's risk adjusted performance of 0.1136, and Market Risk Adjusted Performance of 0.1505 to validate if the risk estimate we provide is consistent with the expected return of 0.0938%. The fund retains a Market Volatility (i.e., Beta) of 0.8, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Gabelli Equity's returns are expected to increase less than the market. However, during the bear market, the loss of holding Gabelli Equity is expected to be smaller as well.
Auto-correlation | 0.80 |
Very good predictability
Gabelli Equity Trust has very good predictability. Overlapping area represents the amount of predictability between Gabelli Equity time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Gabelli Equity Trust price movement. The serial correlation of 0.8 indicates that around 80.0% of current Gabelli Equity price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Gabelli Equity Trust lagged returns against current returns
Autocorrelation, which is Gabelli Equity fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Gabelli Equity's fund expected returns. We can calculate the autocorrelation of Gabelli Equity returns to help us make a trade decision. For example, suppose you find that Gabelli Equity has exhibited high autocorrelation historically, and you observe that the fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Gabelli Equity regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Gabelli Equity fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gabelli Equity fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gabelli Equity fund over time.
Current vs Lagged Prices |
| Timeline |
Gabelli Equity Lagged Returns
When evaluating Gabelli Equity's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gabelli Equity fund have on its future price. Gabelli Equity autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Gabelli Equity autocorrelation shows the relationship between Gabelli Equity fund current value and its past values and can show if there is a momentum factor associated with investing in Gabelli Equity Trust.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Gabelli Fund
Gabelli Equity financial ratios help investors to determine whether Gabelli Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Gabelli with respect to the benefits of owning Gabelli Equity security.
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