Gabelli Dividend Correlations

Mutual Funds . USA . 
Fund . The Gabelli Dividend
GBCAX Fund  USD 18.42  0.09  0.49%   
The current 90-days correlation between Gabelli Dividend and Gabelli Esg Fund is 0.92 (i.e., Almost no diversification). The correlation of Gabelli Dividend is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Gabelli Dividend Correlation With Market

Very poor diversification

The correlation between The Gabelli Dividend and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Gabelli Dividend and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in The Gabelli Dividend. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Gabelli Mutual Fund

  0.97SRIGX Gabelli Esg FundPairCorr
  0.98GCFSX Gabelli Global FinancialPairCorr
  0.96GCIEX Gabelli EquityPairCorr
  0.69GCIGX Gamco InternationalPairCorr
  0.99EMACX Enterprise Mergers AndPairCorr
  0.99EMAAX Enterprise Mergers AndPairCorr
  0.99EMAYX Enterprise Mergers AndPairCorr
  0.9GUXPX Gabelli UtilitiesPairCorr
  0.98GVCAX Gabelli ValuePairCorr
  0.98GVCCX Gabelli ValuePairCorr
  0.98GVCIX Gabelli ValPairCorr
  0.97MLGLX Gabelli Media MogulPairCorr
  0.96GEICX Gabelli Equity IncomePairCorr
  0.83GWSAX Gabelli FocusPairCorr
  0.8GWSCX Gabelli FocusPairCorr
  0.83GWSIX Gabelli FocusPairCorr
  0.82GWSVX Gabelli FocusPairCorr
  0.98GFSIX Gabelli Global FinancialPairCorr
  0.96GGCAX Gabelli GrowthPairCorr
  0.96GGCCX Gabelli GrowthPairCorr
  0.96GGCIX Gabelli GrowthPairCorr
  0.98GGFSX Gabelli Global FinancialPairCorr
  0.96GGGAX Gamco Global GrowthPairCorr
  0.96GGGCX Gamco Global GrowthPairCorr
  0.96GGGIX Gamco Global GrowthPairCorr
  0.97GGMMX Gabelli Global MiniPairCorr
  0.87GGLCX Gamco Global OpportunityPairCorr
  0.97MOGLX Gabelli Media MogulPairCorr
  0.96GICPX Gamco Global GrowthPairCorr
  0.72GIIGX Gamco InternationalPairCorr
  0.71GIGRX Gamco InternationalPairCorr
  0.99EAAAX Enterprise Mergers AndPairCorr
  0.87GLOIX Gamco Global OpportunityPairCorr
  0.98DRCVX Comstock Capital ValuePairCorr
  0.98GMNAX Gabelli Global MiniPairCorr
  0.97GMNCX Gabelli Global MiniPairCorr
  0.98COMVX Comstock Capital ValuePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Gabelli Mutual Fund performing well and Gabelli Dividend Mutual 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 Dividend'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SRIGX  0.61  0.08  0.05  0.23  0.57 
(0.68)
 1.62 
(1.39)
 4.23 
GCFSX  0.65  0.19  0.17  0.41  0.35 
(0.78)
 1.94 
(1.19)
 3.94 
GCIEX  0.58  0.07  0.04  0.23  0.44 
(0.66)
 1.53 
(1.19)
 3.60 
GCIGX  0.62  0.02 (0.07) 0.18  0.71 
(0.64)
 1.16 
(1.19)
 3.45 
EMACX  0.44  0.09  0.03  0.33  0.42 
(0.49)
 0.97 
(0.89)
 2.64 
EMAAX  0.44  0.09  0.03  0.33  0.45 
(0.47)
 0.97 
(0.89)
 2.67 
EMAYX  0.41  0.10  0.04  0.36  0.39 
(0.46)
 0.94 
(0.82)
 2.67 
GUXPX  0.58  0.04 (0.05) 0.25  0.66 
(0.66)
 0.94 
(1.47)
 3.69 
GVCAX  0.48  0.11  0.05  0.32  0.50 
(0.53)
 1.03 
(1.11)
 3.40 
GVCCX  0.51  0.10  0.05  0.30  0.52 
(0.55)
 1.11 
(1.12)
 3.38 

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