The Gabelli Correlations

Mutual Funds . USA . 
Fund . The Gabelli Focus
GWSCX Fund  USD 13.17  0.07  0.53%   
The current 90-days correlation between Gabelli Focus and Gabelli Esg Fund is 0.72 (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 0.65 (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 main economic indicators.

Moving together with The Mutual Fund

  0.76SRIGX Gabelli Esg FundPairCorr
  0.76GCFSX Gabelli Global FinancialPairCorr
  0.76GCIEX Gabelli EquityPairCorr
  0.78EMACX Enterprise Mergers AndPairCorr
  0.78EMAAX Enterprise Mergers AndPairCorr
  0.78EMAYX Enterprise Mergers AndPairCorr
  0.67GUXPX Gabelli UtilitiesPairCorr
  0.73GVCAX Gabelli ValuePairCorr
  0.73GVCCX Gabelli ValuePairCorr
  0.73GVCIX Gabelli ValPairCorr
  0.76MLGLX Gabelli Media MogulPairCorr
  0.76GEICX Gabelli Equity IncomePairCorr
  1.0GWSAX Gabelli FocusPairCorr
  1.0GWSIX Gabelli FocusPairCorr
  1.0GWSVX Gabelli FocusPairCorr
  0.76GFSIX Gabelli Global FinancialPairCorr
  0.69GGCAX Gabelli GrowthPairCorr
  0.69GGCCX Gabelli GrowthPairCorr
  0.69GGCIX Gabelli GrowthPairCorr
  0.76GGFSX Gabelli Global FinancialPairCorr
  0.7GGGAX Gamco Global GrowthPairCorr
  0.7GGGCX Gamco Global GrowthPairCorr
  0.7GGGIX Gamco Global GrowthPairCorr
  0.72GGMMX Gabelli Global MiniPairCorr
  0.7GICPX Gamco Global GrowthPairCorr
  0.78EAAAX Enterprise Mergers AndPairCorr
  0.73DRCVX Comstock Capital ValuePairCorr
  0.72GMNAX Gabelli Global MiniPairCorr
  0.72GMNCX Gabelli Global MiniPairCorr
  0.73COMVX 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  0.60  0.11 (0.03)(1.92) 0.65 
(0.69)
 1.10 
(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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