Gamco Global Correlations
| GGGCX Fund | USD 45.62 0.02 0.04% |
The current 90-days correlation between Gamco Global Growth and T Rowe Price is 0.25 (i.e., Modest diversification). The correlation of Gamco 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.
Gamco Global Correlation With Market
Poor diversification
The correlation between Gamco Global Growth and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gamco Global Growth and DJI in the same portfolio, assuming nothing else is changed.
Gamco |
Moving together with Gamco Mutual Fund
| 0.67 | EMACX | Enterprise Mergers And | PairCorr |
| 0.65 | EMAAX | Enterprise Mergers And | PairCorr |
| 0.63 | EMAYX | Enterprise Mergers And | PairCorr |
| 0.61 | GVCAX | Gabelli Value | PairCorr |
| 0.61 | GVCCX | Gabelli Value | PairCorr |
| 0.64 | MLGLX | Gabelli Media Mogul | PairCorr |
| 0.91 | GGCAX | Gabelli Growth | PairCorr |
| 0.9 | GGCCX | Gabelli Growth | PairCorr |
| 0.91 | GGCIX | Gabelli Growth | PairCorr |
| 1.0 | GGGAX | Gamco Global Growth | PairCorr |
| 1.0 | GGGIX | Gamco Global Growth | PairCorr |
| 0.81 | GGMMX | Gabelli Global Mini | PairCorr |
| 0.64 | MOGLX | Gabelli Media Mogul | PairCorr |
| 1.0 | GICPX | Gamco Global Growth | PairCorr |
| 0.65 | EAAAX | Enterprise Mergers And | PairCorr |
| 0.81 | GMNAX | Gabelli Global Mini | PairCorr |
| 0.81 | GMNCX | Gabelli Global Mini | PairCorr |
Related Correlations Analysis
| 0.96 | 0.95 | 0.96 | 0.82 | 0.95 | PAREX | ||
| 0.96 | 0.99 | 1.0 | 0.86 | 1.0 | DFREX | ||
| 0.95 | 0.99 | 0.98 | 0.9 | 0.98 | CREFX | ||
| 0.96 | 1.0 | 0.98 | 0.83 | 1.0 | SAREX | ||
| 0.82 | 0.86 | 0.9 | 0.83 | 0.83 | FRIOX | ||
| 0.95 | 1.0 | 0.98 | 1.0 | 0.83 | MRESX | ||
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Risk-Adjusted Indicators
There is a big difference between Gamco Mutual Fund performing well and Gamco 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 Gamco 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PAREX | 1.02 | (0.08) | 0.00 | (0.19) | 0.00 | 1.65 | 6.34 | |||
| DFREX | 0.90 | (0.01) | 0.00 | (0.08) | 0.00 | 1.65 | 4.48 | |||
| CREFX | 0.91 | 0.01 | 0.00 | (0.05) | 0.00 | 1.59 | 4.82 | |||
| SAREX | 0.92 | (0.02) | 0.00 | (0.10) | 0.00 | 1.64 | 4.54 | |||
| FRIOX | 0.26 | 0.02 | 0.19 | 0.06 | 0.32 | 0.59 | 1.30 | |||
| MRESX | 0.91 | (0.01) | 0.00 | (0.09) | 0.00 | 1.67 | 4.48 |