The Gabelli Correlations

Mutual Funds . USA . 
Fund . The Gabelli Focus
GWSAX Fund  USD 16.90  0.09  0.53%   
The current 90-days correlation between Gabelli Focus and Gabelli Esg Fund is 0.76 (i.e., Poor 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

Poor diversification

The correlation between The Gabelli Focus and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Gabelli Focus 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 Focus. 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 The Mutual Fund

  0.79SRIGX Gabelli Esg FundPairCorr
  0.79GCFSX Gabelli Global FinancialPairCorr
  0.79GCIEX Gabelli EquityPairCorr
  0.81EMACX Enterprise Mergers AndPairCorr
  0.81EMAAX Enterprise Mergers AndPairCorr
  0.81EMAYX Enterprise Mergers AndPairCorr
  0.79GUXPX Gabelli UtilitiesPairCorr
  0.76GVCAX Gabelli ValuePairCorr
  0.76GVCCX Gabelli ValuePairCorr
  0.76GVCIX Gabelli ValPairCorr
  0.79MLGLX Gabelli Media MogulPairCorr
  0.79GEICX Gabelli Equity IncomePairCorr
  1.0GWSCX Gabelli FocusPairCorr
  1.0GWSIX Gabelli FocusPairCorr
  1.0GWSVX Gabelli FocusPairCorr
  0.79GFSIX Gabelli Global FinancialPairCorr
  0.72GGCAX Gabelli GrowthPairCorr
  0.72GGCCX Gabelli GrowthPairCorr
  0.72GGCIX Gabelli GrowthPairCorr
  0.79GGFSX Gabelli Global FinancialPairCorr
  0.73GGGAX Gamco Global GrowthPairCorr
  0.73GGGCX Gamco Global GrowthPairCorr
  0.73GGGIX Gamco Global GrowthPairCorr
  0.75GGMMX Gabelli Global MiniPairCorr
  0.79MOGLX Gabelli Media MogulPairCorr
  0.73GICPX Gamco Global GrowthPairCorr
  0.81EAAAX Enterprise Mergers AndPairCorr
  0.77DRCVX Comstock Capital ValuePairCorr
  0.75GMNAX Gabelli Global MiniPairCorr
  0.75GMNCX Gabelli Global MiniPairCorr
  0.77COMVX Comstock Capital ValuePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SRIGX  0.61  0.08  0.05  0.23  0.57 
(0.68)
 1.62 
(1.39)
 4.23 
GCFSX  0.65  0.19  0.17  0.41  0.35 
(0.78)
 1.94 
(1.19)
 3.94 
GCIEX  0.58  0.07  0.04  0.23  0.44 
(0.66)
 1.53 
(1.19)
 3.60 
GCIGX  0.62  0.02 (0.07) 0.18  0.71 
(0.64)
 1.16 
(1.19)
 3.45 
EMACX  0.44  0.09  0.03  0.33  0.42 
(0.49)
 0.97 
(0.89)
 2.64 
EMAAX  0.44  0.09  0.03  0.33  0.45 
(0.47)
 0.97 
(0.89)
 2.67 
EMAYX  0.41  0.10  0.04  0.36  0.39 
(0.46)
 0.94 
(0.82)
 2.67 
GUXPX  0.58  0.04 (0.05) 0.25  0.66 
(0.66)
 0.94 
(1.47)
 3.69 
GVCAX  0.48  0.11  0.05  0.32  0.50 
(0.53)
 1.03 
(1.11)
 3.40 
GVCCX  0.51  0.10  0.05  0.30  0.52 
(0.55)
 1.11 
(1.12)
 3.38 

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