Gabelli Utility Closed Fund Volatility
| GUT Fund | USD 6.08 0.04 0.66% |
Currently, Gabelli Utility Closed is not too volatile. Gabelli Utility Closed holds Efficiency (Sharpe) Ratio of 0.0801, which attests that the entity had a 0.0801 % return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Gabelli Utility Closed, which you can use to evaluate the volatility of the entity. Please check out Gabelli Utility's risk adjusted performance of 0.0464, and Market Risk Adjusted Performance of 0.5707 to validate if the risk estimate we provide is consistent with the expected return of 0.073%.
Sharpe Ratio = 0.0801
| High Returns | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | GUT | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Based on monthly moving average Gabelli Utility is performing at about 6% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Gabelli Utility by adding it to a well-diversified portfolio.
Key indicators related to Gabelli Utility's volatility include:90 Days Market Risk | Chance Of Distress | 90 Days Economic Sensitivity |
Gabelli Utility Fund volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of Gabelli daily returns, and it is calculated using variance and standard deviation. We also use Gabelli's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Gabelli Utility volatility.
Gabelli |
Downward market volatility can be a perfect environment for investors who play the long game with Gabelli Utility. They may decide to buy additional shares of Gabelli Utility at lower prices to lower the average cost per share, thereby improving their portfolio's performance when markets normalize.
Moving together with Gabelli Fund
| 0.72 | PFN | Pimco Income Strategy | PairCorr |
| 0.69 | RNECX | Rationalrgn Hedged Equity | PairCorr |
| 0.69 | AMECX | Income Fund | PairCorr |
| 0.73 | FSBLX | Federated Global All | PairCorr |
| 0.77 | AMFAX | Asg Managed Futures | PairCorr |
| 0.69 | DAAVX | Dunham Dynamic Macro | PairCorr |
| 0.69 | CLTCX | Catalyst/lyons Tactical | PairCorr |
| 0.71 | GHAIX | Global Hard Assets | PairCorr |
| 0.64 | JGMAX | Janus Triton | PairCorr |
| 0.7 | LHYVX | Lord Abbett High | PairCorr |
| 0.65 | BABDX | Blackrock Gbl Dividend | PairCorr |
| 0.63 | BCTIX | California Intermediate-ter | PairCorr |
| 0.73 | RBEHX | American Funds 2020 | PairCorr |
| 0.69 | MADRX | Madison Funds | PairCorr |
| 0.73 | FPTPX | American Funds Conse | PairCorr |
| 0.76 | HASAX | Horizon Active Asset | PairCorr |
| 0.77 | VMFGX | Vanguard Sp Mid | PairCorr |
| 0.76 | FBGTX | American Funds 2040 | PairCorr |
| 0.68 | WIMVX | Westcore Global Large | PairCorr |
| 0.73 | PGEOX | George Putnam | PairCorr |
Gabelli Utility Market Sensitivity And Downside Risk
Gabelli Utility's beta coefficient measures the volatility of Gabelli fund compared to the systematic risk of the entire market represented by your selected benchmark. In mathematical terms, beta represents the slope of the line through a regression of data points where each of these points represents Gabelli fund's returns against your selected market. In other words, Gabelli Utility's beta of 0.0758 provides an investor with an approximation of how much risk Gabelli Utility fund can potentially add to one of your existing portfolios. Gabelli Utility Closed has relatively low volatility with skewness of -0.76 and kurtosis of 5.89. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Gabelli Utility's fund risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Gabelli Utility's fund price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.
3 Months Beta |Analyze Gabelli Utility Closed Demand TrendCheck current 90 days Gabelli Utility correlation with market (Dow Jones Industrial)Gabelli Utility Volatility and Downside Risk
Gabelli standard deviation measures the daily dispersion of prices over your selected time horizon relative to its mean. A typical volatile entity has a high standard deviation, while the deviation of a stable instrument is usually low. As a downside, the standard deviation calculates all uncertainty as risk, even when it is in your favor, such as above-average returns.
Gabelli Utility Closed Fund Volatility Analysis
Volatility refers to the frequency at which Gabelli Utility fund price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Gabelli Utility's price changes. Investors will then calculate the volatility of Gabelli Utility's fund to predict their future moves. A fund that has erratic price changes quickly hits new highs, and lows are considered highly volatile. A fund with relatively stable price changes has low volatility. A highly volatile fund is riskier, but the risk cuts both ways. Investing in highly volatile security can either be highly successful, or you may experience significant failure. There are two main types of Gabelli Utility's volatility:
Historical Volatility
This type of fund volatility measures Gabelli Utility's fluctuations based on previous trends. It's commonly used to predict Gabelli Utility's future behavior based on its past. However, it cannot conclusively determine the future direction of the fund.Implied Volatility
This type of volatility provides a positive outlook on future price fluctuations for Gabelli Utility's current market price. This means that the fund will return to its initially predicted market price. This type of volatility can be derived from derivative instruments written on Gabelli Utility's to be redeemed at a future date.Transformation |
The output start index for this execution was zero with a total number of output elements of sixty-one. Gabelli Utility Closed Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input.
Gabelli Utility Projected Return Density Against Market
Considering the 90-day investment horizon Gabelli Utility has a beta of 0.0758 . This usually indicates as returns on the market go up, Gabelli Utility average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Gabelli Utility Closed will be expected to be much smaller as well.Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Gabelli Utility or Financial Services sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Gabelli Utility's price will be affected by overall fund market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Gabelli fund's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
Predicted Return Density |
| Returns |
What Drives a Gabelli Utility Price Volatility?
Several factors can influence a fund's market volatility:Industry
Specific events can influence volatility within a particular industry. For instance, a significant weather upheaval in a crucial oil-production site may cause oil prices to increase in the oil sector. The direct result will be the rise in the stock price of oil distribution companies. Similarly, any government regulation in a specific industry could negatively influence stock prices due to increased regulations on compliance that may impact the company's future earnings and growth.Political and Economic environment
When governments make significant decisions regarding trade agreements, policies, and legislation regarding specific industries, they will influence stock prices. Everything from speeches to elections may influence investors, who can directly influence the stock prices in any particular industry. The prevailing economic situation also plays a significant role in stock prices. When the economy is doing well, investors will have a positive reaction and hence, better stock prices and vice versa.The Company's Performance
Sometimes volatility will only affect an individual company. For example, a revolutionary product launch or strong earnings report may attract investor attention to the company. This positive attention may impact the company's stock price. In contrast, product recalls and data breaches may negatively influence a company's stock prices.Gabelli Utility Fund Risk Measures
Considering the 90-day investment horizon the coefficient of variation of Gabelli Utility is 1248.14. The daily returns are distributed with a variance of 0.83 and standard deviation of 0.91. The mean deviation of Gabelli Utility Closed is currently at 0.61. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.81
α | Alpha over Dow Jones | 0.04 | |
β | Beta against Dow Jones | 0.08 | |
σ | Overall volatility | 0.91 | |
Ir | Information ratio | -0.02 |
Gabelli Utility Fund Return Volatility
Gabelli Utility historical daily return volatility represents how much of Gabelli Utility fund's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The fund has volatility of 0.9106% on return distribution over 90 days investment horizon. By contrast, Dow Jones Industrial accepts 0.7551% volatility on return distribution over the 90 days horizon. Performance |
| Timeline |
Related Correlations Analysis
Risk-Adjusted Indicators
There is a big difference between Gabelli Fund performing well and Gabelli Utility Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Gabelli Utility's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| RMT | 0.98 | 0.19 | 0.15 | 0.21 | 0.92 | 2.47 | 5.01 | |||
| BLW | 0.26 | 0.01 | (0.12) | 0.11 | 0.24 | 0.45 | 1.34 | |||
| BUI | 0.69 | 0.22 | 0.18 | 0.89 | 0.62 | 1.83 | 5.62 | |||
| CRMMX | 0.89 | 0.24 | 0.27 | 0.26 | 0.52 | 2.24 | 9.97 | |||
| FTHY | 0.27 | 0.01 | (0.08) | 0.11 | 0.29 | 0.57 | 1.90 | |||
| DPG | 0.61 | 0.18 | 0.14 | 1.82 | 0.54 | 1.34 | 3.20 | |||
| GUBGX | 0.67 | 0.10 | 0.10 | 0.19 | 0.70 | 1.30 | 4.07 | |||
| RSIGX | 0.65 | 0.11 | 0.10 | 0.20 | 0.67 | 1.32 | 4.13 | |||
| GMXRX | 0.99 | 0.29 | 0.32 | 0.35 | 0.37 | 1.90 | 16.41 | |||
| GMXAX | 0.98 | 0.28 | 0.32 | 0.33 | 0.40 | 1.90 | 15.70 |
About Gabelli Utility Volatility
Volatility is a rate at which the price of Gabelli Utility or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of Gabelli Utility may increase or decrease. In other words, similar to Gabelli's beta indicator, it measures the risk of Gabelli Utility and helps estimate the fluctuations that may happen in a short period of time. So if prices of Gabelli Utility fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.
Please read more on our technical analysis page.The Gabelli Utility Trust is a closed-ended equity mutual fund launched by GAMCO Investors, Inc. It is managed by Gabelli Funds, LLC. The fund invests in the public equity markets across the globe. It makes its investments in stocks of companies providing products, services, or equipment for the generation or distribution of electricity, gas, water, telecommunications services, and infrastructure operations. The fund invests in stocks of companies across market capitalization. It benchmarks the performance of its portfolio against SP 500 Utilities Index, Lipper Utility Fund Average, and SP 500 Index. The Gabelli Utility Trust was formed on July 9, 1999 and is domiciled in United States.
Gabelli Utility's stock volatility refers to the amount of uncertainty or risk involved with the size of changes in its stock's price. It is a statistical measure of the dispersion of returns on Gabelli Fund over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much Gabelli Utility's price varies over time.
3 ways to utilize Gabelli Utility's volatility to invest better
Higher Gabelli Utility's fund volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of Gabelli Utility Closed fund is relatively stable. Investors and traders use stock volatility as an indicator of risk and potential reward, as stocks with higher volatility can offer the potential for more significant returns but also come with a greater risk of losses. Gabelli Utility Closed fund volatility can provide helpful information for making investment decisions in the following ways:- Measuring Risk: Volatility can be used as a measure of risk, which can help you determine the potential fluctuations in the value of Gabelli Utility Closed investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in Gabelli Utility's fund can indicate that there is potential for significant price movements, either up or down, which could present investment opportunities.
- Diversification: Understanding how the volatility of Gabelli Utility's fund relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
Gabelli Utility Investment Opportunity
Gabelli Utility Closed has a volatility of 0.91 and is 1.2 times more volatile than Dow Jones Industrial. 8 percent of all equities and portfolios are less risky than Gabelli Utility. You can use Gabelli Utility Closed to enhance the returns of your portfolios. The fund experiences a moderate upward volatility. Check odds of Gabelli Utility to be traded at $6.69 in 90 days.Poor diversification
The correlation between Gabelli Utility Closed and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gabelli Utility Closed and DJI in the same portfolio, assuming nothing else is changed.
Gabelli Utility Additional Risk Indicators
The analysis of Gabelli Utility's secondary risk indicators is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in Gabelli Utility's investment and either accepting that risk or mitigating it. Along with some common measures of Gabelli Utility fund's risk such as standard deviation, beta, or value at risk, we also provide a set of secondary indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Risk Adjusted Performance | 0.0464 | |||
| Market Risk Adjusted Performance | 0.5707 | |||
| Mean Deviation | 0.6546 | |||
| Semi Deviation | 0.9184 | |||
| Downside Deviation | 1.07 | |||
| Coefficient Of Variation | 1793.89 | |||
| Standard Deviation | 0.9419 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential funds, we recommend comparing similar funds with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Gabelli Utility Suggested Diversification Pairs
Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.
The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against Gabelli Utility as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. Gabelli Utility's systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, Gabelli Utility's unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to Gabelli Utility Closed.
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.
| Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets | |
| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
| Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges |