The Gabelli Correlations

Mutual Funds USA . 
Fund . The Gabelli Growth
GGCAX Fund  USD 124.69  0.34  0.27%   
The current 90-days correlation between Gabelli Growth and Gabelli Esg Fund is -0.08 (i.e., Good 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 Growth and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Gabelli Growth 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 Growth. 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 The Mutual Fund

  0.96SRIGX Gabelli Esg FundPairCorr
  0.98GCFSX Gabelli Global FinancialPairCorr
  0.97GCIEX Gabelli EquityPairCorr
  0.79GCIGX Gamco InternationalPairCorr
  0.96EMACX Enterprise Mergers AndPairCorr
  0.97EMAAX Enterprise Mergers AndPairCorr
  0.97EMAYX Enterprise Mergers AndPairCorr
  0.84GUXPX Gabelli UtilitiesPairCorr
  0.99GVCAX Gabelli ValuePairCorr
  0.99GVCCX Gabelli ValuePairCorr
  0.99GVCIX Gabelli ValPairCorr
  0.95MLGLX Gabelli Media MogulPairCorr
  0.97GEICX Gabelli Equity IncomePairCorr
  0.68GWSAX Gabelli FocusPairCorr
  0.65GWSCX Gabelli FocusPairCorr
  0.69GWSIX Gabelli FocusPairCorr
  0.67GWSVX Gabelli FocusPairCorr
  0.98GFSIX Gabelli Global FinancialPairCorr
  0.99GGCCX Gabelli GrowthPairCorr
  0.99GGCIX Gabelli GrowthPairCorr
  0.98GGFSX Gabelli Global FinancialPairCorr
  1.0GGGAX Gamco Global GrowthPairCorr
  0.98GGGCX Gamco Global GrowthPairCorr
  0.98GGGIX Gamco Global GrowthPairCorr
  0.98GGMMX Gabelli Global MiniPairCorr
  0.92GGLCX Gamco Global OpportunityPairCorr
  0.96MOGLX Gabelli Media MogulPairCorr
  0.98GICPX Gamco Global GrowthPairCorr
  0.78GIIGX Gamco InternationalPairCorr
  0.78GIGRX Gamco InternationalPairCorr
  0.96EAAAX Enterprise Mergers AndPairCorr
  0.92GLOIX Gamco Global OpportunityPairCorr
  0.97DRCVX Comstock Capital ValuePairCorr
  0.98GMNAX Gabelli Global MiniPairCorr
  0.97GMNCX Gabelli Global MiniPairCorr
  0.97COMVX Comstock Capital ValuePairCorr

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
SRIGX  0.62  0.07  0.04  0.22  0.57 
(0.70)
 1.62 
(1.39)
 4.23 
GCFSX  0.65  0.29  0.17 (1.93) 0.35 
(0.78)
 1.94 
(1.19)
 3.94 
GCIEX  0.58  0.17  0.03 (2.06) 0.44 
(0.66)
 1.53 
(1.19)
 3.60 
GCIGX  0.62  0.08 (0.08)(1.38) 0.71 
(0.64)
 1.16 
(1.19)
 3.45 
EMACX  0.44  0.09  0.02  0.32  0.42 
(0.48)
 0.97 
(0.89)
 2.64 
EMAAX  0.44  0.16  0.02 (2.12) 0.45 
(0.47)
 0.97 
(0.89)
 2.67 
EMAYX  0.41  0.09  0.03  0.35  0.39 
(0.46)
 0.94 
(0.82)
 2.67 
GUXPX  0.58  0.09 (0.06)(2.16) 0.66 
(0.66)
 0.94 
(1.47)
 3.69 
GVCAX  0.48  0.19  0.05 (2.29) 0.50 
(0.53)
 1.03 
(1.11)
 3.40 
GVCCX  0.51  0.19  0.04 (2.08) 0.52 
(0.55)
 1.11 
(1.12)
 3.38 

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