Gabelli Global Correlations

Mutual Funds USA . 
Fund . Gabelli Global Mini
GMNAX Fund  USD 11.08  0.12  1.07%   
The current 90-days correlation between Gabelli Global Mini and Gabelli Esg Fund is -0.12 (i.e., Good 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

Good diversification

The correlation between Gabelli Global Mini and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gabelli Global Mini 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 Gabelli Global Mini. 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 Gabelli Mutual Fund

  0.95SRIGX Gabelli Esg FundPairCorr
  0.98GCFSX Gabelli Global FinancialPairCorr
  0.97GCIEX Gabelli EquityPairCorr
  0.78GCIGX Gamco InternationalPairCorr
  0.97EMACX Enterprise Mergers AndPairCorr
  0.99EMAAX Enterprise Mergers AndPairCorr
  0.97EMAYX Enterprise Mergers AndPairCorr
  0.86GUXPX Gabelli UtilitiesPairCorr
  0.99GVCAX Gabelli ValuePairCorr
  0.99GVCCX Gabelli ValuePairCorr
  0.99GVCIX Gabelli ValPairCorr
  0.94MLGLX Gabelli Media MogulPairCorr
  0.97GEICX Gabelli Equity IncomePairCorr
  0.71GWSAX Gabelli FocusPairCorr
  0.67GWSCX Gabelli FocusPairCorr
  0.71GWSIX Gabelli FocusPairCorr
  0.69GWSVX Gabelli FocusPairCorr
  0.98GFSIX Gabelli Global FinancialPairCorr
  0.98GGCAX Gabelli GrowthPairCorr
  0.97GGCCX Gabelli GrowthPairCorr
  0.98GGCIX Gabelli GrowthPairCorr
  0.98GGFSX Gabelli Global FinancialPairCorr
  0.98GGGAX Gamco Global GrowthPairCorr
  0.97GGGCX Gamco Global GrowthPairCorr
  0.97GGGIX Gamco Global GrowthPairCorr
  1.0GGMMX Gabelli Global MiniPairCorr
  0.94GGLCX Gamco Global OpportunityPairCorr
  0.95MOGLX Gabelli Media MogulPairCorr
  0.97GICPX Gamco Global GrowthPairCorr
  0.76GIIGX Gamco InternationalPairCorr
  0.75GIGRX Gamco InternationalPairCorr
  0.97EAAAX Enterprise Mergers AndPairCorr
  0.93GLOIX Gamco Global OpportunityPairCorr
  0.98DRCVX Comstock Capital ValuePairCorr
  0.98GMNCX Gabelli Global MiniPairCorr
  0.98COMVX Comstock Capital ValuePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

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