The Gabelli Correlations

GATAX Fund

USD 46.73 0.56 1.21%

The current 90-days correlation between Gabelli Asset and Jhancock Diversified Macro is 0.05 (i.e., Significant 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

Average diversification

The correlation between The Gabelli Asset and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Gabelli Asset 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 Asset. 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

0.65	GCIGX	Gamco International	Pair Corr
0.76	EMACX	Enterprise Mergers And	Pair Corr
0.75	EMAAX	Enterprise Mergers And	Pair Corr
0.74	EMAYX	Enterprise Mergers And	Pair Corr
0.84	GUXPX	Gabelli Utilities	Pair Corr
0.84	GVCAX	Gabelli Value	Pair Corr
0.88	GVCCX	Gabelli Value	Pair Corr
0.84	GVCIX	Gabelli Val	Pair Corr
0.75	GGCAX	Gabelli Growth	Pair Corr
0.88	GGCCX	Gabelli Growth	Pair Corr
0.75	GGCIX	Gabelli Growth	Pair Corr
0.97	GGMMX	Gabelli Global Mini	Pair Corr
0.65	GIIGX	Gamco International	Pair Corr
0.65	GIGRX	Gamco International	Pair Corr
0.8	EAAAX	Enterprise Mergers And	Pair Corr
0.97	GMNAX	Gabelli Global Mini	Pair Corr
0.86	GMNCX	Gabelli Global Mini	Pair Corr

Moving against The Mutual Fund

0.45	DRCVX	Comstock Capital Value	Pair Corr
0.48	CPCCX	Comstock Capital Value	Pair Corr
0.36	COMVX	Comstock Capital Value	Pair Corr

Related Correlations Analysis

	JDJRX	CAARX	PGBAX	BICPX	MDBLX	QDARX	FHCOX
JDJRX		0.26	0.51	0.31	0.2	0.88	0.91	JDJRX
CAARX	0.26		0.93	0.99	0.89	0.29	0.24	CAARX
PGBAX	0.51	0.93		0.94	0.89	0.57	0.53	PGBAX
BICPX	0.31	0.99	0.94		0.91	0.34	0.29	BICPX
MDBLX	0.2	0.89	0.89	0.91		0.32	0.27	MDBLX
QDARX	0.88	0.29	0.57	0.34	0.32		0.93	QDARX
FHCOX	0.91	0.24	0.53	0.29	0.27	0.93		FHCOX
	JDJRX	CAARX	PGBAX	BICPX	MDBLX	QDARX	FHCOX

Click cells to compare fundamentals

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
JDJRX	0.37	0.07	0.23	0.92	0.22	(0.47)	0.88	(0.64)	2.40
CAARX	0.28	0.03	0.11	0.08	0.35	(0.29)	0.67	(0.49)	2.05
PGBAX	0.15	0.02	0.22	0.26	0.00	(0.19)	0.34	(0.25)	0.93
BICPX	0.24	0.03	0.12	0.10	0.24	(0.32)	0.63	(0.45)	1.80
MDBLX	0.25	0.03	0.18	0.41	0.16	(0.31)	0.61	(0.38)	1.37
QDARX	0.08	0.03	0.49	1.95	0.00	(0.14)	0.25	(0.08)	0.49
FHCOX	0.05	0.01	0.00	(1.89)	0.00	0.00	0.10	(0.10)	0.50

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