Gabelli Equity Correlations

Mutual Funds . USA . 
Fund . The Gabelli Equity
GCIEX Fund  USD 7.53  0.05  0.67%   
The current 90-days correlation between Gabelli Equity and Nuveen Short Term is 0.16 (i.e., Average diversification). The correlation of Gabelli Equity 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 Equity Correlation With Market

Good diversification

The correlation between The Gabelli Equity and DJI is -0.1 (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 Gabelli Mutual Fund

  0.97SRIGX Gabelli Esg FundPairCorr
  0.99GCFSX Gabelli Global FinancialPairCorr
  0.83GCIGX Gamco InternationalPairCorr
  0.95EMACX Enterprise Mergers AndPairCorr
  0.97EMAAX Enterprise Mergers AndPairCorr
  0.95EMAYX Enterprise Mergers AndPairCorr
  0.87GUXPX Gabelli UtilitiesPairCorr
  0.98GVCAX Gabelli ValuePairCorr
  0.98GVCCX Gabelli ValuePairCorr
  0.98GVCIX Gabelli ValPairCorr
  0.92MLGLX Gabelli Media MogulPairCorr
  1.0GEICX Gabelli Equity IncomePairCorr
  0.72GWSAX Gabelli FocusPairCorr
  0.69GWSCX Gabelli FocusPairCorr
  0.73GWSIX Gabelli FocusPairCorr
  0.71GWSVX Gabelli FocusPairCorr
  0.99GFSIX Gabelli Global FinancialPairCorr
  0.97GGCAX Gabelli GrowthPairCorr
  0.97GGCCX Gabelli GrowthPairCorr
  0.97GGCIX Gabelli GrowthPairCorr
  0.99GGFSX Gabelli Global FinancialPairCorr
  0.98GGGAX Gamco Global GrowthPairCorr
  0.97GGGCX Gamco Global GrowthPairCorr
  0.97GGGIX Gamco Global GrowthPairCorr
  0.97GGMMX Gabelli Global MiniPairCorr
  0.87GGLCX Gamco Global OpportunityPairCorr
  0.94MOGLX Gabelli Media MogulPairCorr
  0.97GICPX Gamco Global GrowthPairCorr
  0.81GIIGX Gamco InternationalPairCorr
  0.81GIGRX Gamco InternationalPairCorr
  0.95EAAAX Enterprise Mergers AndPairCorr
  0.86GLOIX Gamco Global OpportunityPairCorr
  0.95DRCVX Comstock Capital ValuePairCorr
  0.97GMNAX Gabelli Global MiniPairCorr
  0.96GMNCX Gabelli Global MiniPairCorr
  0.96COMVX Comstock Capital ValuePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Gabelli Mutual Fund performing well and Gabelli Equity 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 Equity'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.

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