The Gabelli Utilities Fund Market Value
| GAUAX Fund | USD 5.77 0.01 0.17% |
| Symbol | Gabelli |
Gabelli Utilities '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 Utilities' mutual 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 Utilities.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Gabelli Utilities on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding The Gabelli Utilities or generate 0.0% return on investment in Gabelli Utilities over 30 days. Gabelli Utilities is related to or competes with Dominion Energy, Atlantica Sustainable, Consolidated Edison, Eversource Energy, FirstEnergy, Hawaiian Electric, and NiSource. The fund invests at least 80 percent of its net assets in securities of domestic or foreign companies that are involved ... More
Gabelli Utilities 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 Utilities' mutual 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 The Gabelli Utilities upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7539 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 3.17 | |||
| Value At Risk | (1.38) | |||
| Potential Upside | 1.44 |
Gabelli Utilities Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gabelli Utilities' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gabelli Utilities' standard deviation. In reality, there are many statistical measures that can use Gabelli Utilities historical prices to predict the future Gabelli Utilities' volatility.| Risk Adjusted Performance | 0.0811 | |||
| Jensen Alpha | 0.026 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | 0.2064 |
Gabelli Utilities Backtested Returns
At this stage we consider Gabelli Mutual Fund to be not too volatile. Gabelli Utilities holds Efficiency (Sharpe) Ratio of 0.0976, which attests that the entity had a 0.0976% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Gabelli Utilities, which you can use to evaluate the volatility of the entity. Please check out Gabelli Utilities' Downside Deviation of 0.7539, risk adjusted performance of 0.0811, and Market Risk Adjusted Performance of 0.2164 to validate if the risk estimate we provide is consistent with the expected return of 0.0719%. The fund retains a Market Volatility (i.e., Beta) of 0.33, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Gabelli Utilities' returns are expected to increase less than the market. However, during the bear market, the loss of holding Gabelli Utilities is expected to be smaller as well.
Auto-correlation | 0.35 |
Below average predictability
The Gabelli Utilities has below average predictability. Overlapping area represents the amount of predictability between Gabelli Utilities time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Utilities price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current Gabelli Utilities price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | 0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Gabelli Utilities lagged returns against current returns
Autocorrelation, which is Gabelli Utilities mutual 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 Utilities' mutual fund expected returns. We can calculate the autocorrelation of Gabelli Utilities returns to help us make a trade decision. For example, suppose you find that Gabelli Utilities has exhibited high autocorrelation historically, and you observe that the mutual 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 Utilities 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 Utilities mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gabelli Utilities mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gabelli Utilities mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Gabelli Utilities Lagged Returns
When evaluating Gabelli Utilities' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gabelli Utilities mutual fund have on its future price. Gabelli Utilities 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 Utilities autocorrelation shows the relationship between Gabelli Utilities mutual fund current value and its past values and can show if there is a momentum factor associated with investing in The Gabelli Utilities.
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 Mutual Fund
Gabelli Utilities financial ratios help investors to determine whether Gabelli Mutual 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 Utilities security.
| Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets |