Gabelli Utility Closed Fund Market Value
GUT Fund | USD 5.30 0.05 0.93% |
Symbol | Gabelli |
Gabelli Utility '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 Utility'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 Gabelli Utility.
10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Gabelli Utility on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Gabelli Utility Closed or generate 0.0% return on investment in Gabelli Utility over 30 days. Gabelli Utility is related to or competes with MFS Investment, Eaton Vance, Blackrock Muniyield, DTF Tax, Blackrock Muniholdings, and MFS High. The Gabelli Utility Trust is a closed-ended equity mutual fund launched by GAMCO Investors, Inc More
Gabelli Utility 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 Utility'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 Gabelli Utility Closed upside and downside potential and time the market with a certain degree of confidence.
Information Ratio | (0.17) | |||
Maximum Drawdown | 9.38 | |||
Value At Risk | (1.95) | |||
Potential Upside | 2.08 |
Gabelli Utility Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gabelli Utility's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gabelli Utility's standard deviation. In reality, there are many statistical measures that can use Gabelli Utility historical prices to predict the future Gabelli Utility's volatility.Risk Adjusted Performance | (0.07) | |||
Jensen Alpha | (0.14) | |||
Total Risk Alpha | (0.34) | |||
Treynor Ratio | 1.14 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Gabelli Utility'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 Utility Closed Backtested Returns
Gabelli Utility Closed holds Efficiency (Sharpe) Ratio of -0.0918, which attests that the entity had a -0.0918% return per unit of standard deviation over the last 3 months. Gabelli Utility Closed exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Gabelli Utility's risk adjusted performance of (0.07), and Market Risk Adjusted Performance of 1.15 to validate the risk estimate we provide. The fund retains a Market Volatility (i.e., Beta) of -0.13, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Gabelli Utility are expected to decrease at a much lower rate. During the bear market, Gabelli Utility is likely to outperform the market.
Auto-correlation | -0.58 |
Good reverse predictability
Gabelli Utility Closed has good reverse predictability. Overlapping area represents the amount of predictability between Gabelli Utility time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Utility Closed price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current Gabelli Utility price fluctuation can be explain by its past prices.
Correlation Coefficient | -0.58 | |
Spearman Rank Test | -0.66 | |
Residual Average | 0.0 | |
Price Variance | 0.03 |
Gabelli Utility Closed lagged returns against current returns
Autocorrelation, which is Gabelli Utility 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 Utility's fund expected returns. We can calculate the autocorrelation of Gabelli Utility returns to help us make a trade decision. For example, suppose you find that Gabelli Utility 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 |
Gabelli Utility 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 Utility fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gabelli Utility fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gabelli Utility fund over time.
Current vs Lagged Prices |
Timeline |
Gabelli Utility Lagged Returns
When evaluating Gabelli Utility's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gabelli Utility fund have on its future price. Gabelli Utility 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 Utility autocorrelation shows the relationship between Gabelli Utility fund current value and its past values and can show if there is a momentum factor associated with investing in Gabelli Utility Closed.
Regressed Prices |
Timeline |
Thematic Opportunities
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Other Information on Investing in Gabelli Fund
Gabelli Utility financial ratios help investors to determine whether Gabelli 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 Utility security.
Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
Fundamental Analysis View fundamental data based on most recent published financial statements | |
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