Gamco Natural Resources Etf Market Value
| GNT Etf | USD 5.83 0.01 0.17% |
| Symbol | GAMCO |
The market value of GAMCO Natural Resources is measured differently than its book value, which is the value of GAMCO that is recorded on the company's balance sheet. Investors also form their own opinion of GAMCO Natural's value that differs from its market value or its book value, called intrinsic value, which is GAMCO Natural's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because GAMCO Natural's market value can be influenced by many factors that don't directly affect GAMCO Natural's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between GAMCO Natural's value and its price as these two are different measures arrived at by different means. Investors typically determine if GAMCO Natural is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GAMCO Natural's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
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 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 GAMCO Natural.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in GAMCO Natural on October 27, 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 30 days. GAMCO Natural is related to or competes with MFS High, MFS Investment, Eaton Vance, Invesco High, MFS High, MFS Municipal, and DTF Tax. GAMCO Natural Resources, Gold Income Trust is a closed-ended equity mutual fund launched by GAMCO Investors, Inc 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 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 GAMCO Natural Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.12 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 5.15 | |||
| Value At Risk | (1.98) | |||
| Potential Upside | 1.71 |
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 | 0.0458 | |||
| Jensen Alpha | 0.0035 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.1297 |
GAMCO Natural Resources Backtested Returns
Currently, GAMCO Natural Resources is not too volatile. GAMCO Natural Resources holds Efficiency (Sharpe) Ratio of 0.0656, which attests that the etf had a 0.0656% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for GAMCO Natural Resources, which you can use to evaluate the volatility of the entity. Please check out GAMCO Natural's semi deviation of 0.9594, and Downside Deviation of 1.12 to validate if the risk estimate we provide is consistent with the expected return of 0.0728%. The entity retains a Market Volatility (i.e., Beta) of 0.4, which attests to possible diversification benefits within a given portfolio. 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.
Auto-correlation | -0.33 |
Poor reverse predictability
GAMCO Natural Resources has poor reverse predictability. Overlapping area represents the amount of predictability between GAMCO Natural time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 -0.33 indicates that nearly 33.0% of current GAMCO Natural price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.33 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
GAMCO Natural Resources lagged returns against current returns
Autocorrelation, which is GAMCO Natural 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 GAMCO Natural's etf 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 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 |
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 etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GAMCO Natural etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GAMCO Natural etf 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 etf 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 etf 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 |
Thematic Opportunities
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Other Information on Investing in GAMCO Etf
GAMCO Natural financial ratios help investors to determine whether GAMCO 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 GAMCO with respect to the benefits of owning GAMCO Natural security.