Gabelli Global Correlations

GLU Stock

USD 17.53 0.06 0.34%

The current 90-days correlation between Gabelli Global Utility and GAMCO Natural Resources is 0.06 (i.e., Significant 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

Average diversification

The correlation between Gabelli Global Utility and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gabelli Global Utility and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Gabelli Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gabelli Global Utility. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with Gabelli Stock

0.96	GS	Goldman Sachs Group	Pair Corr
0.93	AXP	American Express	Pair Corr
0.95	COF	Capital One Financial Earnings Call This Week	Pair Corr
0.92	SCM	Stellus Capital Inve	Pair Corr
0.74	GAIN	Gladstone Investment	Pair Corr
0.91	GLAD	Gladstone Capital	Pair Corr
0.87	HTGC	Hercules Capital	Pair Corr
0.89	MAIN	Main Street Capital	Pair Corr
0.74	OPFI	OppFi Inc	Pair Corr
0.93	PFLT	PennantPark Floating Rate	Pair Corr
0.87	PYPL	PayPal Holdings Aggressive Push	Pair Corr
0.93	ALLY	Ally Financial	Pair Corr
0.91	ARCC	Ares Capital	Pair Corr
0.88	TPVG	Triplepoint Venture	Pair Corr
0.93	TSLX	Sixth Street Specialty	Pair Corr
0.93	CSWC	Capital Southwest	Pair Corr
0.96	C	Citigroup Aggressive Push	Pair Corr
0.91	L	Loews Corp	Pair Corr
0.92	DHIL	Diamond Hill Investment	Pair Corr
0.8	AB	AllianceBernstein Earnings Call This Week	Pair Corr
0.73	AC	Associated Capital	Pair Corr
0.96	AX	Axos Financial	Pair Corr
0.91	BK	Bank of New York	Pair Corr
0.94	BN	Brookfield Corp	Pair Corr
0.86	BX	Blackstone Group Normal Trading	Pair Corr
0.81	BY	Byline Bancorp Earnings Call This Week	Pair Corr
0.95	CG	Carlyle Group Earnings Call This Week	Pair Corr
0.97	CM	Canadian Imperial Bank	Pair Corr
0.93	DB	Deutsche Bank AG Earnings Call This Week	Pair Corr
0.73	HG	Hamilton Insurance Group,	Pair Corr
0.93	IX	Orix Corp Ads	Pair Corr

Moving against Gabelli Stock

0.41	PSEC	Prospect Capital	Pair Corr
0.64	EG	Everest Group	Pair Corr
0.62	FG	FG Annuities Life	Pair Corr
0.35	LX	Lexinfintech Holdings	Pair Corr

Related Correlations Analysis

	GNT	CEV	GGZ	EVF	GDV	GUT	GCV	ERH
GNT		0.11	0.79	0.66	0.68	0.84	0.88	0.85	GNT
CEV	0.11		0.47	0.62	0.28	0.3	0.42	0.47	CEV
GGZ	0.79	0.47		0.94	0.69	0.8	0.91	0.95	GGZ
EVF	0.66	0.62	0.94		0.57	0.71	0.85	0.88	EVF
GDV	0.68	0.28	0.69	0.57		0.81	0.8	0.73	GDV
GUT	0.84	0.3	0.8	0.71	0.81		0.94	0.87	GUT
GCV	0.88	0.42	0.91	0.85	0.8	0.94		0.95	GCV
ERH	0.85	0.47	0.95	0.88	0.73	0.87	0.95		ERH
	GNT	CEV	GGZ	EVF	GDV	GUT	GCV	ERH

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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
GNT	0.81	0.15	0.00	(1.04)	0.83	(0.98)	1.90	(1.66)	5.60
CEV	0.35	(0.02)	(0.24)	0.06	0.41	(0.39)	0.73	(0.63)	1.89
GGZ	0.66	0.18	0.11	0.42	0.66	(0.75)	1.50	(1.25)	3.87
EVF	0.39	0.05	(0.13)	0.41	0.28	(0.51)	0.91	(0.54)	2.20
GDV	0.59	0.28	0.20	6.59	0.16	(0.71)	1.61	(0.84)	4.72
GUT	0.66	0.21	0.14	0.75	0.55	(0.85)	1.53	(0.93)	3.84
GCV	0.62	0.17	0.10	0.76	0.48	(0.81)	1.70	(1.21)	3.77
ERH	0.64	0.13	0.06	0.47	0.59	(0.73)	1.70	(1.36)	4.28

Gabelli Global Corporate Management

CPA CPA	Principal Pres	Profile
Salvatore Zizza	Independent Trustee	Profile
CFA CFA	Portfolio Mang	Profile
Mario CFA	Portfolio Manager	Profile

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