Gabelli Value Correlations

GVCAX Fund

USD 11.33 0.13 1.16%

The current 90-days correlation between Gabelli Value and Baird Quality Intermediate is -0.06 (i.e., Good diversification). The correlation of Gabelli Value 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 Value Correlation With Market

Very weak diversification

The correlation between The Gabelli Value and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Gabelli Value 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 The Gabelli Value. 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

0.97	VMVAX	Vanguard Mid Cap	Pair Corr
0.98	JVMAX	John Hancock Disciplined	Pair Corr
0.98	JVMIX	John Hancock Disciplined	Pair Corr
0.97	VMVIX	Vanguard Mid Cap	Pair Corr
0.94	JMVZX	Jpmorgan Mid Cap	Pair Corr
0.95	JMVRX	Jpmorgan Mid Cap	Pair Corr
0.95	JMVQX	Jpmorgan Mid Cap	Pair Corr
0.95	JMVYX	Jpmorgan Mid Cap	Pair Corr
0.95	JMVPX	Jpmorgan Mid Cap	Pair Corr
0.92	VETAX	Victory Sycamore Est	Pair Corr
0.98	SMPSX	Semiconductor Ultrasector	Pair Corr
0.98	SMPIX	Semiconductor Ultrasector	Pair Corr
0.96	TREMX	T Rowe Price	Pair Corr
0.98	ONERX	One Rock Fund	Pair Corr
0.96	TTEEX	T Rowe Price	Pair Corr
0.98	FIKGX	Fidelity Advisor Sem	Pair Corr
0.98	FELIX	Fidelity Advisor Sem	Pair Corr
0.98	FSELX	Fidelity Select Semi	Pair Corr
0.98	FELAX	Fidelity Advisor Sem	Pair Corr
0.98	FELTX	Fidelity Advisor Sem	Pair Corr
0.63	IBM	International Business	Pair Corr
0.62	CVX	Chevron Corp	Pair Corr
0.62	CAT	Caterpillar	Pair Corr

Moving against Gabelli Mutual Fund

0.58	MCD	McDonalds	Pair Corr
0.39	TRV	The Travelers Companies	Pair Corr

Related Correlations Analysis

	BMBSX	OWCAX	PCMNX	INGXX	GABTX	TWACX	BIDPX
BMBSX		0.99	0.98	0.69	0.94	0.76	0.81	BMBSX
OWCAX	0.99		0.95	0.65	0.96	0.79	0.75	OWCAX
PCMNX	0.98	0.95		0.74	0.86	0.7	0.9	PCMNX
INGXX	0.69	0.65	0.74		0.59	0.31	0.67	INGXX
GABTX	0.94	0.96	0.86	0.59		0.75	0.61	GABTX
TWACX	0.76	0.79	0.7	0.31	0.75		0.6	TWACX
BIDPX	0.81	0.75	0.9	0.67	0.61	0.6		BIDPX
	BMBSX	OWCAX	PCMNX	INGXX	GABTX	TWACX	BIDPX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Gabelli Mutual Fund performing well and Gabelli Value 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 Value'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
BMBSX	0.09	0.01	(1.27)	(6.90)	0.00	(0.12)	0.18	(0.18)	0.45
OWCAX	0.08	0.02	(1.12)	7.05	0.00	(0.12)	0.21	(0.11)	0.53
PCMNX	0.11	0.01	(1.04)	(0.95)	0.00	(0.14)	0.25	(0.17)	0.59
INGXX	0.03	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.01
GABTX	0.54	0.23	0.02	(4.47)	0.31	(0.65)	1.33	(0.98)	2.87
TWACX	0.09	0.00	(1.40)	0.01	0.00	(0.16)	0.22	(0.22)	0.56
BIDPX	0.14	0.00	(0.85)	0.16	0.16	(0.17)	0.29	(0.28)	0.94

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