The Gabelli Growth Fund Market Value
| GGCCX Fund | USD 94.06 1.16 1.25% |
| Symbol | Gabelli |
Gabelli Growth '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 Growth's 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 Growth.
| 05/31/2024 |
| 11/27/2024 |
If you would invest 0.00 in Gabelli Growth on May 31, 2024 and sell it all today you would earn a total of 0.00 from holding The Gabelli Growth or generate 0.0% return on investment in Gabelli Growth over 180 days. Gabelli Growth is related to or competes with Sprott Gold, Global Gold, Franklin Gold, Precious Metals, Europac Gold, and Vy Goldman. The fund will primarily invest in common stocks More
Gabelli Growth 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 Growth's 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 Growth upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.27 | |||
| Information Ratio | 0.0013 | |||
| Maximum Drawdown | 5.15 | |||
| Value At Risk | (1.99) | |||
| Potential Upside | 1.65 |
Gabelli Growth Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gabelli Growth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gabelli Growth's standard deviation. In reality, there are many statistical measures that can use Gabelli Growth historical prices to predict the future Gabelli Growth's volatility.| Risk Adjusted Performance | 0.097 | |||
| Jensen Alpha | 0.017 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.0011 | |||
| Treynor Ratio | 0.1399 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Gabelli Growth'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 Growth Backtested Returns
At this stage we consider Gabelli Mutual Fund to be very steady. Gabelli Growth holds Efficiency (Sharpe) Ratio of 0.14, which attests that the entity had a 0.14% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Gabelli Growth, which you can use to evaluate the volatility of the entity. Please check out Gabelli Growth's Market Risk Adjusted Performance of 0.1499, risk adjusted performance of 0.097, and Downside Deviation of 1.27 to validate if the risk estimate we provide is consistent with the expected return of 0.15%. The fund retains a Market Volatility (i.e., Beta) of 0.87, which attests to possible diversification benefits within a given portfolio. Gabelli Growth returns are very sensitive to returns on the market. As the market goes up or down, Gabelli Growth is expected to follow.
Auto-correlation | -0.11 |
Insignificant reverse predictability
The Gabelli Growth has insignificant reverse predictability. Overlapping area represents the amount of predictability between Gabelli Growth time series from 31st of May 2024 to 29th of August 2024 and 29th of August 2024 to 27th 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 Growth price movement. The serial correlation of -0.11 indicates that less than 11.0% of current Gabelli Growth price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.11 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 9.14 |
Gabelli Growth lagged returns against current returns
Autocorrelation, which is Gabelli Growth 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 Growth's mutual fund expected returns. We can calculate the autocorrelation of Gabelli Growth returns to help us make a trade decision. For example, suppose you find that Gabelli Growth 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 Growth 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 Growth mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gabelli Growth 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 Growth mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Gabelli Growth Lagged Returns
When evaluating Gabelli Growth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gabelli Growth mutual fund have on its future price. Gabelli Growth 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 Growth autocorrelation shows the relationship between Gabelli Growth mutual fund current value and its past values and can show if there is a momentum factor associated with investing in The Gabelli Growth.
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 Growth 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 Growth security.
| Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
| Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes |