Gabelli Utility Correlations

GUT Fund

USD 5.82 0.04 0.69%

The current 90-days correlation between Gabelli Utility Closed and Technology Ultrasector Profund is 0.1 (i.e., Average diversification). The correlation of Gabelli Utility 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 Utility Correlation With Market

Significant diversification

The correlation between Gabelli Utility Closed and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gabelli Utility Closed 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 Utility Closed. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Gabelli Fund

0.66	KF	Korea Closed	Pair Corr
0.7	GLO	Clough Global Opport	Pair Corr
0.67	GPICX	Guidepath Conservative	Pair Corr
0.69	GE	GE Aerospace	Pair Corr
0.73	IBM	International Business	Pair Corr
0.62	BAC	Bank of America	Pair Corr
0.66	CAT	Caterpillar	Pair Corr
0.63	JPM	JPMorgan Chase Sell-off Trend	Pair Corr

Moving against Gabelli Fund

0.58	T	ATT Inc	Pair Corr
0.57	BA	Boeing	Pair Corr
0.48	MCD	McDonalds	Pair Corr
0.47	HPQ	HP Inc Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	TEPIX	JGLTX	GISTX	TOWTX	USTCX	VITAX	PGKCX
TEPIX		0.97	0.96	0.75	0.95	1.0	0.99	TEPIX
JGLTX	0.97		0.99	0.83	0.98	0.98	0.97	JGLTX
GISTX	0.96	0.99		0.84	0.99	0.96	0.97	GISTX
TOWTX	0.75	0.83	0.84		0.86	0.77	0.74	TOWTX
USTCX	0.95	0.98	0.99	0.86		0.96	0.97	USTCX
VITAX	1.0	0.98	0.96	0.77	0.96		0.99	VITAX
PGKCX	0.99	0.97	0.97	0.74	0.97	0.99		PGKCX
	TEPIX	JGLTX	GISTX	TOWTX	USTCX	VITAX	PGKCX

Risk-Adjusted Indicators

There is a big difference between Gabelli Fund performing well and Gabelli Utility 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 Utility'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
TEPIX	1.47	0.11	0.05	0.08	2.25	(1.32)	2.78	(3.82)	8.82
JGLTX	0.92	0.03	0.02	0.05	1.32	(0.88)	2.13	(2.26)	5.45
GISTX	0.96	(0.01)	0.00	0.01	1.45	(0.90)	1.82	(2.53)	5.72
TOWTX	0.68	0.03	0.03	0.05	0.95	(0.66)	1.51	(1.33)	4.32
USTCX	0.90	0.01	0.01	0.03	1.39	(0.83)	1.76	(2.38)	5.62
VITAX	1.00	0.07	0.04	0.07	1.54	(0.92)	1.84	(2.72)	5.95
PGKCX	0.98	0.03	0.02	0.04	1.39	(0.93)	1.83	(2.65)	6.20

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC