Gabelli Global Correlations
| GGZ Stock | USD 12.93 0.08 0.62% |
The current 90-days correlation between Gabelli Global Small and MFS Investment Grade is 0.19 (i.e., Average diversification). The correlation of Gabelli 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.
Gabelli Global Correlation With Market
Very poor diversification
The correlation between Gabelli Global Small and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gabelli Global Small and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Gabelli Stock
| 0.93 | V | Visa Class A | PairCorr |
| 0.65 | DHIL | Diamond Hill Investment | PairCorr |
| 0.84 | AB | AllianceBernstein | PairCorr |
| 0.86 | AC | Associated Capital | PairCorr |
| 0.95 | BN | Brookfield Corp | PairCorr |
| 0.69 | BX | Blackstone Group | PairCorr |
| 0.9 | CG | Carlyle Group | PairCorr |
| 0.93 | DB | Deutsche Bank AG | PairCorr |
| 0.98 | GS | Goldman Sachs Group | PairCorr |
| 0.62 | LU | Lufax Holding | PairCorr |
| 0.95 | MA | Mastercard | PairCorr |
| 0.74 | MC | Moelis | PairCorr |
| 0.97 | MS | Morgan Stanley | PairCorr |
| 0.92 | QD | Qudian Inc | PairCorr |
| 0.81 | SF | Stifel Financial | PairCorr |
| 0.63 | TW | Tradeweb Markets | PairCorr |
| 0.94 | WT | WisdomTree | PairCorr |
| 0.92 | XP | Xp Inc | PairCorr |
| 0.79 | DMYY | dMY Squared Technology | PairCorr |
| 0.66 | DOMH | Dominari Holdings | PairCorr |
| 0.94 | VCTR | Victory Capital Holdings | PairCorr |
| 0.76 | VIRT | Virtu Financial | PairCorr |
| 0.83 | VRTS | Virtus Investment | PairCorr |
| 0.82 | EARN | Ellington Residential | PairCorr |
Moving against Gabelli Stock
| 0.52 | PT | Pintec Technology | PairCorr |
| 0.47 | RM | Regional Management Corp | PairCorr |
| 0.32 | WD | Walker Dunlop | PairCorr |
| 0.32 | WU | Western Union | PairCorr |
| 0.76 | EZPW | EZCORP Inc | PairCorr |
| 0.46 | LGHLW | Lion Financial Group | PairCorr |
| 0.44 | ANSCW | Agriculture Natural | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Gabelli Stock performing well and Gabelli Global Company 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 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 Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CXH | 0.42 | (0.08) | 0.00 | (1.35) | 0.00 | 0.53 | 3.20 | |||
| IHTA | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| EOT | 0.59 | (0.05) | 0.00 | (0.19) | 0.00 | 1.25 | 4.58 | |||
| NXC | 0.52 | (0.02) | 0.00 | (0.14) | 0.00 | 1.09 | 2.77 | |||
| FMN | 0.50 | (0.04) | 0.00 | (0.34) | 0.00 | 0.87 | 3.35 | |||
| CBH | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MHN | 0.69 | (0.09) | 0.00 | (0.25) | 0.00 | 1.20 | 4.45 | |||
| IHIT | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| JHAA | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Gabelli Global Corporate Management
| Christopher Hart | Assistant Vice President and Ombudsman | Profile | |
| CFA CFA | Portfolio Mang | Profile | |
| Mario CFA | Portfolio Mang | Profile | |
| Kuni Nakamura | Nominee Independent Trustee | Profile | |
| Bruce CPA | Executive Officer | Profile |