Gamco Global Correlations

Mutual Funds . USA . 
Fund . Gamco Global Opportunity
GGLCX Fund  USD 12.45  0.13  1.06%   
The current 90-days correlation between Gamco Global Opportunity and Gabelli Esg Fund is -0.01 (i.e., Good diversification). The correlation of Gamco Global 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.

Gamco Global Correlation With Market

Good diversification

The correlation between Gamco Global Opportunity 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 Gamco Global Opportunity 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 Gamco Global Opportunity. 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 main economic indicators.

Moving together with Gamco Mutual Fund

  0.86SRIGX Gabelli Esg FundPairCorr
  0.89GCFSX Gabelli Global FinancialPairCorr
  0.85GCIEX Gabelli EquityPairCorr
  0.74GCIGX Gamco InternationalPairCorr
  0.89EMACX Enterprise Mergers AndPairCorr
  0.89EMAAX Enterprise Mergers AndPairCorr
  0.89EMAYX Enterprise Mergers AndPairCorr
  0.73GUXPX Gabelli UtilitiesPairCorr
  0.9GVCAX Gabelli ValuePairCorr
  0.9GVCCX Gabelli ValuePairCorr
  0.9GVCIX Gabelli ValPairCorr
  0.85MLGLX Gabelli Media MogulPairCorr
  0.85GEICX Gabelli Equity IncomePairCorr
  0.89GFSIX Gabelli Global FinancialPairCorr
  0.92GGCAX Gabelli GrowthPairCorr
  0.91GGCCX Gabelli GrowthPairCorr
  0.92GGCIX Gabelli GrowthPairCorr
  0.89GGFSX Gabelli Global FinancialPairCorr
  0.91GGGAX Gamco Global GrowthPairCorr
  0.91GGGCX Gamco Global GrowthPairCorr
  0.91GGGIX Gamco Global GrowthPairCorr
  0.94GGMMX Gabelli Global MiniPairCorr
  0.85MOGLX Gabelli Media MogulPairCorr
  0.91GICPX Gamco Global GrowthPairCorr
  0.73GIIGX Gamco InternationalPairCorr
  0.73GIGRX Gamco InternationalPairCorr
  0.89EAAAX Enterprise Mergers AndPairCorr
  0.71GLDAX Gabelli GoldPairCorr
  0.7GLDCX Gabelli GoldPairCorr
  0.71GLDIX Gabelli GoldPairCorr
  0.97GLOIX Gamco Global OpportunityPairCorr
  0.92DRCVX Comstock Capital ValuePairCorr
  0.94GMNAX Gabelli Global MiniPairCorr
  0.94GMNCX Gabelli Global MiniPairCorr
  0.92COMVX Comstock Capital ValuePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Gamco Mutual Fund performing well and Gamco Global 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 Gamco Global'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  0.07  0.04  0.25  0.53 
(0.70)
 1.62 
(1.39)
 4.23 
GCFSX  0.64  0.29  0.12 (1.92) 0.35 
(0.77)
 1.94 
(1.19)
 3.94 
GCIEX  0.58  0.07  0.03  0.27  0.39 
(0.67)
 1.53 
(1.19)
 3.60 
GCIGX  0.62  0.09 (0.12)(1.55) 0.70 
(0.64)
 1.16 
(1.19)
 3.45 
EMACX  0.44  0.09  0.00  0.36  0.40 
(0.50)
 0.99 
(0.89)
 2.64 
EMAAX  0.43  0.16 (0.02)(2.11) 0.45 
(0.47)
 0.97 
(0.89)
 2.67 
EMAYX  0.41  0.10  0.01  0.39  0.32 
(0.47)
 0.96 
(0.82)
 2.67 
GUXPX  0.58  0.10 (0.09)(2.32) 0.66 
(0.67)
 0.94 
(1.47)
 3.69 
GVCAX  0.48  0.19  0.01 (2.03) 0.51 
(0.54)
 1.03 
(1.11)
 3.40 
GVCCX  0.50  0.11  0.04  0.36  0.46 
(0.57)
 1.22 
(1.12)
 3.38 

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