Gamco Natural Resources Preferred Stock Market Value
| GNT-PA Preferred Stock | USD 22.61 0.16 0.70% |
| Symbol | GAMCO |
GAMCO Natural '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 GAMCO Natural's preferred stock 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 GAMCO Natural.
| 08/29/2024 |
| 11/27/2024 |
If you would invest 0.00 in GAMCO Natural on August 29, 2024 and sell it all today you would earn a total of 0.00 from holding GAMCO Natural Resources or generate 0.0% return on investment in GAMCO Natural over 90 days. GAMCO Natural is related to or competes with Gabelli Multimedia, Gabelli Utility, Gabelli Equity, Gabelli Equity, and Gabelli Equity. More
GAMCO Natural 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 GAMCO Natural's preferred stock 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 GAMCO Natural Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6853 | |||
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 3.28 | |||
| Value At Risk | (1.08) | |||
| Potential Upside | 1.35 |
GAMCO Natural Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GAMCO Natural's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GAMCO Natural's standard deviation. In reality, there are many statistical measures that can use GAMCO Natural historical prices to predict the future GAMCO Natural's volatility.| Risk Adjusted Performance | 0.0401 | |||
| Jensen Alpha | 0.0026 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.14) | |||
| Treynor Ratio | 0.1344 |
GAMCO Natural Resources Backtested Returns
At this point, GAMCO Natural is very steady. GAMCO Natural Resources holds Efficiency (Sharpe) Ratio of 0.0368, which attests that the company had a 0.0368% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for GAMCO Natural Resources, which you can use to evaluate the volatility of the entity. Please check out GAMCO Natural's downside deviation of 0.6853, and Semi Deviation of 0.4588 to validate if the risk estimate we provide is consistent with the expected return of 0.024%. GAMCO Natural has a performance score of 2 on a scale of 0 to 100. The firm retains a Market Volatility (i.e., Beta) of 0.19, which attests to not very significant fluctuations relative to the market. As returns on the market increase, GAMCO Natural's returns are expected to increase less than the market. However, during the bear market, the loss of holding GAMCO Natural is expected to be smaller as well. GAMCO Natural Resources at this time retains a risk of 0.65%. Please check out GAMCO Natural downside variance, rate of daily change, and the relationship between the maximum drawdown and skewness , to decide if GAMCO Natural will be following its current trending patterns.
Auto-correlation | -0.86 |
Excellent reverse predictability
GAMCO Natural Resources has excellent reverse predictability. Overlapping area represents the amount of predictability between GAMCO Natural time series from 29th of August 2024 to 13th of October 2024 and 13th of October 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 GAMCO Natural Resources price movement. The serial correlation of -0.86 indicates that approximately 86.0% of current GAMCO Natural price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.86 | |
| Spearman Rank Test | -0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 0.16 |
GAMCO Natural Resources lagged returns against current returns
Autocorrelation, which is GAMCO Natural preferred stock'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 GAMCO Natural's preferred stock expected returns. We can calculate the autocorrelation of GAMCO Natural returns to help us make a trade decision. For example, suppose you find that GAMCO Natural has exhibited high autocorrelation historically, and you observe that the preferred stock 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 |
GAMCO Natural 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 GAMCO Natural preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GAMCO Natural preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GAMCO Natural preferred stock over time.
Current vs Lagged Prices |
| Timeline |
GAMCO Natural Lagged Returns
When evaluating GAMCO Natural's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GAMCO Natural preferred stock have on its future price. GAMCO Natural 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, GAMCO Natural autocorrelation shows the relationship between GAMCO Natural preferred stock current value and its past values and can show if there is a momentum factor associated with investing in GAMCO Natural Resources.
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 GAMCO Preferred Stock
GAMCO Natural financial ratios help investors to determine whether GAMCO Preferred Stock 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 GAMCO with respect to the benefits of owning GAMCO Natural security.