Gabelli Merger (UK) Market Value
| GMP Etf | 7.50 0.00 0.00% |
| Symbol | Gabelli |
Gabelli Merger '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 Merger's etf 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 Merger.
| 08/31/2024 |
| 11/29/2024 |
If you would invest 0.00 in Gabelli Merger on August 31, 2024 and sell it all today you would earn a total of 0.00 from holding Gabelli Merger Plus or generate 0.0% return on investment in Gabelli Merger over 90 days. Gabelli Merger is related to or competes with IShares MSCI, Amundi EUR, IShares JP, Xtrackers MSCI, and Lyxor Smart. More
Gabelli Merger 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 Merger's etf 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 Merger Plus upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 22.18 |
Gabelli Merger Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gabelli Merger's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gabelli Merger's standard deviation. In reality, there are many statistical measures that can use Gabelli Merger historical prices to predict the future Gabelli Merger's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.28) | |||
| Total Risk Alpha | (0.65) | |||
| Treynor Ratio | (0.34) |
Gabelli Merger Plus Backtested Returns
Gabelli Merger Plus holds Efficiency (Sharpe) Ratio of -0.0674, which attests that the entity had a -0.0674% return per unit of standard deviation over the last 3 months. Gabelli Merger Plus exposes seventeen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Gabelli Merger's risk adjusted performance of (0.04), and Market Risk Adjusted Performance of (0.33) to validate the risk estimate we provide. The etf retains a Market Volatility (i.e., Beta) of 0.61, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Gabelli Merger's returns are expected to increase less than the market. However, during the bear market, the loss of holding Gabelli Merger is expected to be smaller as well.
Auto-correlation | Huge |
Perfect predictability
Gabelli Merger Plus has perfect predictability. Overlapping area represents the amount of predictability between Gabelli Merger time series from 31st of August 2024 to 15th of October 2024 and 15th of October 2024 to 29th 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 Merger Plus price movement. The serial correlation of 9.223372036854776E16 indicates that 9.223372036854776E16% of current Gabelli Merger price fluctuation can be explain by its past prices.
| Correlation Coefficient | 92233.7 T | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.54 |
Gabelli Merger Plus lagged returns against current returns
Autocorrelation, which is Gabelli Merger etf'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 Merger's etf expected returns. We can calculate the autocorrelation of Gabelli Merger returns to help us make a trade decision. For example, suppose you find that Gabelli Merger has exhibited high autocorrelation historically, and you observe that the etf 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 Merger 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 Merger etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gabelli Merger etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gabelli Merger etf over time.
Current vs Lagged Prices |
| Timeline |
Gabelli Merger Lagged Returns
When evaluating Gabelli Merger's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gabelli Merger etf have on its future price. Gabelli Merger 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 Merger autocorrelation shows the relationship between Gabelli Merger etf current value and its past values and can show if there is a momentum factor associated with investing in Gabelli Merger Plus.
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 Etf
Gabelli Merger financial ratios help investors to determine whether Gabelli Etf 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 Merger security.