Gabelli Global Correlations

GAFSX Fund

USD 15.80 0.09 0.57%

The current 90-days correlation between Gabelli Global Financial and Gabelli Esg Fund is -0.01 (i.e., Good diversification). The correlation of Gabelli Global 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 Global Correlation With Market

Average diversification

The correlation between Gabelli Global Financial and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gabelli Global Financial 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 Global Financial. 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 state.

Moving together with Gabelli Mutual Fund

0.96	GCFSX	Gabelli Global Financial	Pair Corr
0.79	GCIEX	Gabelli Equity	Pair Corr
0.76	EMACX	Enterprise Mergers And	Pair Corr
0.81	EMAAX	Enterprise Mergers And	Pair Corr
0.79	EMAYX	Enterprise Mergers And	Pair Corr
0.72	GWSAX	Gabelli Focus	Pair Corr
0.63	GWSCX	Gabelli Focus	Pair Corr
0.62	GWSVX	Gabelli Focus	Pair Corr
0.9	GFSIX	Gabelli Global Financial	Pair Corr
0.69	GGCAX	Gabelli Growth	Pair Corr
0.74	GGCCX	Gabelli Growth	Pair Corr
0.71	GGCIX	Gabelli Growth	Pair Corr
0.78	GGFSX	Gabelli Global Financial	Pair Corr
0.75	GGGCX	Gamco Global Growth	Pair Corr
0.68	GGGIX	Gamco Global Growth	Pair Corr
0.84	GGMMX	Gabelli Global Mini	Pair Corr
0.7	GICPX	Gamco Global Growth	Pair Corr
0.74	EAAAX	Enterprise Mergers And	Pair Corr
0.8	GMNAX	Gabelli Global Mini	Pair Corr
0.82	GMNCX	Gabelli Global Mini	Pair Corr

Moving against Gabelli Mutual Fund

0.48	GGLCX	Gamco Global Opportunity	Pair Corr
0.46	GIIGX	Gamco International	Pair Corr
0.56	GAIGX	Gamco International	Pair Corr
0.48	GLOIX	Gamco Global Opportunity	Pair Corr

Related Correlations Analysis

	SRIGX	GCFSX	GCIEX	GCIGX	EMACX	EMAAX	EMAYX	GUXPX	GVCAX	GVCCX
SRIGX		0.19	0.14	0.52	0.21	0.1	0.11	0.76	0.37	0.29	SRIGX
GCFSX	0.19		0.82	0.01	0.81	0.84	0.82	0.48	0.66	0.59	GCFSX
GCIEX	0.14	0.82		0.19	0.85	0.87	0.85	0.59	0.82	0.86	GCIEX
GCIGX	0.52	0.01	0.19		0.22	0.19	0.22	0.53	0.44	0.43	GCIGX
EMACX	0.21	0.81	0.85	0.22		0.91	0.91	0.64	0.9	0.82	EMACX
EMAAX	0.1	0.84	0.87	0.19	0.91		1.0	0.53	0.81	0.85	EMAAX
EMAYX	0.11	0.82	0.85	0.22	0.91	1.0		0.54	0.82	0.84	EMAYX
GUXPX	0.76	0.48	0.59	0.53	0.64	0.53	0.54		0.81	0.67	GUXPX
GVCAX	0.37	0.66	0.82	0.44	0.9	0.81	0.82	0.81		0.85	GVCAX
GVCCX	0.29	0.59	0.86	0.43	0.82	0.85	0.84	0.67	0.85		GVCCX
	SRIGX	GCFSX	GCIEX	GCIGX	EMACX	EMAAX	EMAYX	GUXPX	GVCAX	GVCCX

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Risk-Adjusted Indicators

There is a big difference between Gabelli Mutual Fund performing well and Gabelli Global 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 Global'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
SRIGX	0.64	(0.19)	0.00	(0.31)	0.00	0.00	1.00	(1.14)	11.72
GCFSX	0.56	0.04	0.04	0.25	0.71	(0.69)	1.30	(1.30)	6.18
GCIEX	0.51	(0.04)	0.00	(0.15)	0.00	0.00	1.02	(0.90)	6.15
GCIGX	0.69	(0.25)	0.00	(1.93)	0.00	0.00	0.93	(2.01)	7.01
EMACX	0.44	(0.02)	0.00	(0.10)	0.00	0.00	0.86	(0.83)	5.59
EMAAX	0.46	(0.03)	0.00	(0.13)	0.00	0.00	0.88	(0.84)	6.36
EMAYX	0.47	(0.04)	0.00	(0.17)	0.00	0.00	0.91	(0.82)	7.12
GUXPX	0.66	(0.14)	0.00	(0.33)	0.00	0.00	1.35	(1.64)	6.67
GVCAX	0.67	(0.13)	0.00	(0.16)	0.00	0.00	1.24	(1.12)	10.13
GVCCX	0.65	(0.12)	0.00	(0.32)	0.00	0.00	1.15	(1.10)	9.52

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