Gdl Closed Fund Market Value
| GDL Fund | USD 8.15 0.02 0.25% |
| Symbol | Gdl |
Gdl Closed '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 Gdl Closed'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 Gdl Closed.
| 12/22/2024 |
| 01/21/2025 |
If you would invest 0.00 in Gdl Closed on December 22, 2024 and sell it all today you would earn a total of 0.00 from holding Gdl Closed Fund or generate 0.0% return on investment in Gdl Closed over 30 days. Gdl Closed is related to or competes with MFS Investment, Eaton Vance, Federated Premier, Ellsworth Convertible, Azimut Holding, Virtus Global, and Western Asset. The GDL Fund is a closed-ended equity mutual fund launched by GAMCO Investors, Inc More
Gdl Closed 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 Gdl Closed'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 Gdl Closed Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4172 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 2.12 | |||
| Value At Risk | (0.74) | |||
| Potential Upside | 0.9938 |
Gdl Closed Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gdl Closed's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gdl Closed's standard deviation. In reality, there are many statistical measures that can use Gdl Closed historical prices to predict the future Gdl Closed's volatility.| Risk Adjusted Performance | 0.0389 | |||
| Jensen Alpha | 0.0153 | |||
| Total Risk Alpha | 0.0013 | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 4.39 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Gdl Closed'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.
Gdl Closed Fund Backtested Returns
As of now, Gdl Fund is very steady. Gdl Closed Fund holds Efficiency (Sharpe) Ratio of 0.0682, which attests that the entity had a 0.0682 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Gdl Closed Fund, which you can use to evaluate the volatility of the entity. Please check out Gdl Closed's Downside Deviation of 0.4172, risk adjusted performance of 0.0389, and Market Risk Adjusted Performance of 4.4 to validate if the risk estimate we provide is consistent with the expected return of 0.0315%. The fund retains a Market Volatility (i.e., Beta) of 0.0035, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Gdl Closed's returns are expected to increase less than the market. However, during the bear market, the loss of holding Gdl Closed is expected to be smaller as well.
Auto-correlation | 0.58 |
Modest predictability
Gdl Closed Fund has modest predictability. Overlapping area represents the amount of predictability between Gdl Closed time series from 22nd of December 2024 to 6th of January 2025 and 6th of January 2025 to 21st of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Gdl Closed Fund price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current Gdl Closed price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Gdl Closed Fund lagged returns against current returns
Autocorrelation, which is Gdl Closed 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 Gdl Closed's fund expected returns. We can calculate the autocorrelation of Gdl Closed returns to help us make a trade decision. For example, suppose you find that Gdl Closed 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 |
Gdl Closed 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 Gdl Closed fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gdl Closed fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gdl Closed fund over time.
Current vs Lagged Prices |
| Timeline |
Gdl Closed Lagged Returns
When evaluating Gdl Closed's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gdl Closed fund have on its future price. Gdl Closed 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, Gdl Closed autocorrelation shows the relationship between Gdl Closed fund current value and its past values and can show if there is a momentum factor associated with investing in Gdl Closed Fund.
Regressed Prices |
| Timeline |
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Gdl Closed financial ratios help investors to determine whether Gdl 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 Gdl with respect to the benefits of owning Gdl Closed security.
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