Gabelli Convertible And Fund Market Value
| GCV Fund | USD 3.98 0.03 0.76% |
| Symbol | Gabelli |
Gabelli Convertible '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 Convertible'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 Convertible.
| 02/29/2024 |
| 11/25/2024 |
If you would invest 0.00 in Gabelli Convertible on February 29, 2024 and sell it all today you would earn a total of 0.00 from holding Gabelli Convertible And or generate 0.0% return on investment in Gabelli Convertible over 270 days. Gabelli Convertible is related to or competes with Gabelli Global, MFS Investment, Eaton Vance, GAMCO Natural, Invesco High, Federated Premier, and DTF Tax. The Gabelli Convertible and Income Securities Fund Inc More
Gabelli Convertible 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 Convertible'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 Convertible And upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.45 | |||
| Information Ratio | 0.0098 | |||
| Maximum Drawdown | 7.45 | |||
| Value At Risk | (1.80) | |||
| Potential Upside | 1.87 |
Gabelli Convertible Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gabelli Convertible's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gabelli Convertible's standard deviation. In reality, there are many statistical measures that can use Gabelli Convertible historical prices to predict the future Gabelli Convertible's volatility.| Risk Adjusted Performance | 0.093 | |||
| Jensen Alpha | 0.0957 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.0083 | |||
| Treynor Ratio | 0.4325 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Gabelli Convertible's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Gabelli Convertible And Backtested Returns
At this stage we consider Gabelli Fund to be somewhat reliable. Gabelli Convertible And holds Efficiency (Sharpe) Ratio of 0.0888, which attests that the entity had a 0.0888% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Gabelli Convertible And, which you can use to evaluate the volatility of the entity. Please check out Gabelli Convertible's market risk adjusted performance of 0.4425, and Risk Adjusted Performance of 0.093 to validate if the risk estimate we provide is consistent with the expected return of 0.11%. The fund retains a Market Volatility (i.e., Beta) of 0.31, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Gabelli Convertible's returns are expected to increase less than the market. However, during the bear market, the loss of holding Gabelli Convertible is expected to be smaller as well.
Auto-correlation | -0.03 |
Very weak reverse predictability
Gabelli Convertible And has very weak reverse predictability. Overlapping area represents the amount of predictability between Gabelli Convertible time series from 29th of February 2024 to 13th of July 2024 and 13th of July 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 Convertible And price movement. The serial correlation of -0.03 indicates that only 3.0% of current Gabelli Convertible price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Gabelli Convertible And lagged returns against current returns
Autocorrelation, which is Gabelli Convertible 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 Convertible's fund expected returns. We can calculate the autocorrelation of Gabelli Convertible returns to help us make a trade decision. For example, suppose you find that Gabelli Convertible 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 Convertible 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 Convertible fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gabelli Convertible fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gabelli Convertible fund over time.
Current vs Lagged Prices |
| Timeline |
Gabelli Convertible Lagged Returns
When evaluating Gabelli Convertible's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gabelli Convertible fund have on its future price. Gabelli Convertible 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 Convertible autocorrelation shows the relationship between Gabelli Convertible fund current value and its past values and can show if there is a momentum factor associated with investing in Gabelli Convertible And.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Gabelli Fund
Gabelli Convertible 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 Convertible security.
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