The Gabelli Healthcare Fund Market Value
| XXGRX Fund | USD 11.89 0.05 0.42% |
| Symbol | Gabelli |
Please note, there is a significant difference between Gabelli Healthcare's value and its price as these two are different measures arrived at by different means. Investors typically determine if Gabelli Healthcare is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Gabelli Healthcare'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.
Gabelli Healthcare '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 Healthcare'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 Gabelli Healthcare.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in Gabelli Healthcare on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding The Gabelli Healthcare or generate 0.0% return on investment in Gabelli Healthcare over 720 days. Gabelli Healthcare is related to or competes with Vanguard Total, Vanguard 500, Vanguard Total, Vanguard Total, Vanguard Total, Vanguard Total, and Vanguard 500. Gabelli Healthcare is entity of United States More
Gabelli Healthcare 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 Healthcare'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 The Gabelli Healthcare upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.32) | |||
| Maximum Drawdown | 2.74 | |||
| Value At Risk | (1.19) | |||
| Potential Upside | 1.01 |
Gabelli Healthcare Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gabelli Healthcare's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gabelli Healthcare's standard deviation. In reality, there are many statistical measures that can use Gabelli Healthcare historical prices to predict the future Gabelli Healthcare's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.24) | |||
| Treynor Ratio | (1.09) |
The Gabelli Healthcare Backtested Returns
The Gabelli Healthcare holds Efficiency (Sharpe) Ratio of -0.15, which attests that the entity had a -0.15% return per unit of risk over the last 3 months. The Gabelli Healthcare exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Gabelli Healthcare's Market Risk Adjusted Performance of (1.08), risk adjusted performance of (0.11), and Standard Deviation of 0.7426 to validate the risk estimate we provide. The fund retains a Market Volatility (i.e., Beta) of 0.11, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Gabelli Healthcare's returns are expected to increase less than the market. However, during the bear market, the loss of holding Gabelli Healthcare is expected to be smaller as well.
Auto-correlation | -0.52 |
Good reverse predictability
The Gabelli Healthcare has good reverse predictability. Overlapping area represents the amount of predictability between Gabelli Healthcare time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 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 The Gabelli Healthcare price movement. The serial correlation of -0.52 indicates that about 52.0% of current Gabelli Healthcare price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.2 |
The Gabelli Healthcare lagged returns against current returns
Autocorrelation, which is Gabelli Healthcare 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 Gabelli Healthcare's mutual fund expected returns. We can calculate the autocorrelation of Gabelli Healthcare returns to help us make a trade decision. For example, suppose you find that Gabelli Healthcare 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 |
Gabelli Healthcare 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 Healthcare mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gabelli Healthcare mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gabelli Healthcare mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Gabelli Healthcare Lagged Returns
When evaluating Gabelli Healthcare's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gabelli Healthcare mutual fund have on its future price. Gabelli Healthcare 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 Healthcare autocorrelation shows the relationship between Gabelli Healthcare mutual fund current value and its past values and can show if there is a momentum factor associated with investing in The Gabelli Healthcare.
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 Mutual Fund
Gabelli Healthcare financial ratios help investors to determine whether Gabelli 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 Gabelli with respect to the benefits of owning Gabelli Healthcare security.
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