The Gabelli Correlations

Mutual Funds . USA . 
Fund . The Gabelli Equity
GCAEX Fund  USD 5.88  0.04  0.68%   
The current 90-days correlation between Gabelli Equity and Wasatch Large Cap is 0.12 (i.e., Average diversification). The correlation of The Gabelli 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.

The Gabelli Correlation With Market

Good diversification

The correlation between The Gabelli Equity and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Gabelli Equity 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 Equity. 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 income.

Moving together with The Mutual Fund

  0.61SRIGX Gabelli Esg FundPairCorr
  0.97GCFSX Gabelli Global FinancialPairCorr
  0.62GCIEX Gabelli EquityPairCorr
  0.82GCIGX Gamco InternationalPairCorr
  0.61EMACX Enterprise Mergers AndPairCorr
  0.84GUXPX Gabelli UtilitiesPairCorr
  0.61GVCAX Gabelli ValuePairCorr
  0.61GVCCX Gabelli ValuePairCorr
  0.92MLGLX Gabelli Media MogulPairCorr
  0.97GEICX Gabelli Equity IncomePairCorr
  0.73GWSAX Gabelli FocusPairCorr
  0.71GWSCX Gabelli FocusPairCorr
  0.74GWSIX Gabelli FocusPairCorr
  0.72GWSVX Gabelli FocusPairCorr
  0.97GFSIX Gabelli Global FinancialPairCorr
  0.96GGCAX Gabelli GrowthPairCorr
  0.61GGCCX Gabelli GrowthPairCorr
  0.96GGCIX Gabelli GrowthPairCorr
  0.97GGFSX Gabelli Global FinancialPairCorr
  0.62GGGAX Gamco Global GrowthPairCorr
  0.62GGGCX Gamco Global GrowthPairCorr
  0.97GGGIX Gamco Global GrowthPairCorr
  0.95GGMMX Gabelli Global MiniPairCorr
  0.87GGLCX Gamco Global OpportunityPairCorr
  0.92MOGLX Gabelli Media MogulPairCorr
  0.62GICPX Gamco Global GrowthPairCorr
  0.84GIIGX Gamco InternationalPairCorr
  0.69GIGRX Gamco InternationalPairCorr
  0.95EAAAX Enterprise Mergers AndPairCorr
  0.87GLOIX Gamco Global OpportunityPairCorr
  0.94DRCVX Comstock Capital ValuePairCorr
  0.96GMNAX Gabelli Global MiniPairCorr
  0.96GMNCX Gabelli Global MiniPairCorr
  0.87GOCAX Gamco Global OpportunityPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between The Mutual Fund performing well and The Gabelli 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 The Gabelli'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
FMIEX  0.40  0.10 (0.07)(0.96) 0.32 
(0.46)
 0.78 
(0.77)
 2.32 
FMIHX  0.59  0.21  0.07 (1.08) 0.47 
(0.72)
 1.60 
(1.19)
 4.61 
GABAX  0.49  0.16  0.04  6.60  0.40 
(0.56)
 1.31 
(1.05)
 3.52 
GABSX  0.78  0.21  0.09  5.18  0.72 
(0.93)
 2.03 
(1.44)
 5.81 
SRIGX  0.57  0.18  0.06  8.15  0.50 
(0.66)
 1.52 
(1.21)
 4.23 
GCFSX  0.65  0.19  0.17  0.41  0.35 
(0.78)
 1.94 
(1.19)
 3.94 
GCIEX  0.53  0.17  0.05 (3.49) 0.37 
(0.63)
 1.47 
(0.96)
 3.33 
GCIGX  0.62  0.02 (0.07) 0.18  0.71 
(0.64)
 1.16 
(1.19)
 3.45 
EMACX  0.42  0.16  0.03 (4.35) 0.35 
(0.47)
 0.96 
(0.88)
 2.64 
EMAAX  0.41  0.16  0.04 (5.38) 0.38 
(0.46)
 0.96 
(0.84)
 2.67 

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