The Gabelli Correlations

Mutual Funds . USA . 
Fund . The Gabelli Value
GVCCX Fund  USD 7.40  0.02  0.27%   
The current 90-days correlation between Gabelli Value and T Rowe Price is -0.13 (i.e., Good diversification). The correlation of The Gabelli 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.

The Gabelli Correlation With Market

Good diversification

The correlation between The Gabelli Value and DJI is -0.17 (i.e., Good 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 main economic indicators.

Moving together with The Mutual Fund

  0.98SRIGX Gabelli Esg FundPairCorr
  0.71GCFSX Gabelli Global FinancialPairCorr
  0.83GCIEX Gabelli EquityPairCorr
  0.99EMACX Enterprise Mergers AndPairCorr
  0.99EMAAX Enterprise Mergers AndPairCorr
  0.99EMAYX Enterprise Mergers AndPairCorr
  1.0GVCAX Gabelli ValuePairCorr
  1.0GVCIX Gabelli ValPairCorr
  0.73MLGLX Gabelli Media MogulPairCorr
  0.7GEICX Gabelli Equity IncomePairCorr
  0.71GFSIX Gabelli Global FinancialPairCorr
  0.75GGCAX Gabelli GrowthPairCorr
  0.99GGCCX Gabelli GrowthPairCorr
  0.75GGCIX Gabelli GrowthPairCorr
  0.71GGFSX Gabelli Global FinancialPairCorr
  0.99GGGAX Gamco Global GrowthPairCorr
  0.99GGGCX Gamco Global GrowthPairCorr
  0.73GGGIX Gamco Global GrowthPairCorr
  0.74GGMMX Gabelli Global MiniPairCorr
  0.64GGLCX Gamco Global OpportunityPairCorr
  0.74MOGLX Gabelli Media MogulPairCorr
  0.99GICPX Gamco Global GrowthPairCorr
  0.71GIGRX Gamco InternationalPairCorr
  0.75EAAAX Enterprise Mergers AndPairCorr
  0.64GLOIX Gamco Global OpportunityPairCorr
  0.74DRCVX Comstock Capital ValuePairCorr
  0.74GMNAX Gabelli Global MiniPairCorr
  0.74GMNCX Gabelli Global MiniPairCorr
  0.98COMVX Comstock Capital ValuePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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

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