Gamco Natural Resources Fund Market Value
| XGNTX Fund | USD 6.32 0.02 0.32% |
| Symbol | Gamco |
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 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 Gamco Natural.
| 12/20/2024 |
| 01/19/2025 |
If you would invest 0.00 in Gamco Natural on December 20, 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 Aqr Sustainable, Franklin Emerging, Lord Abbett, Barings Emerging, Ashmore Emerging, Dreyfus Bond, and Extended Market. Gamco Natural is entity of United States 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 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 Gamco Natural Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 4.83 | |||
| Value At Risk | (1.38) | |||
| Potential Upside | 1.13 |
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 | (0.08) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | (0.45) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Gamco Natural'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.
Gamco Natural Resources Backtested Returns
Gamco Natural Resources holds Efficiency (Sharpe) Ratio of -0.11, which attests that the entity had a -0.11% return per unit of risk over the last 3 months. Gamco Natural Resources exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Gamco Natural's Market Risk Adjusted Performance of (0.44), risk adjusted performance of (0.08), and Standard Deviation of 0.8239 to validate the risk estimate we provide. The fund 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.
Auto-correlation | 0.59 |
Modest predictability
Gamco Natural Resources has modest predictability. Overlapping area represents the amount of predictability between Gamco Natural time series from 20th of December 2024 to 4th of January 2025 and 4th of January 2025 to 19th of January 2025. 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 0.59 indicates that roughly 59.0% of current Gamco Natural price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | 0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Gamco Natural Resources lagged returns against current returns
Autocorrelation, which is Gamco Natural 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 Gamco Natural's mutual fund 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 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 |
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 mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gamco Natural mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gamco Natural mutual fund 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 mutual fund 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 mutual fund 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 |
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Other Information on Investing in Gamco Mutual Fund
Gamco Natural financial ratios help investors to determine whether Gamco 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 Gamco with respect to the benefits of owning Gamco Natural security.
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