Gamco Global Correlations
| GGGIX Fund | USD 62.67 0.29 0.46% |
The current 90-days correlation between Gamco Global Growth and Allianzgi Vertible Fund is 0.62 (i.e., Poor 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 0.6 (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
| 0.85 | NPFCX | New Perspective | PairCorr |
| 0.86 | ANWPX | New Perspective | PairCorr |
| 0.86 | CNPAX | New Perspective | PairCorr |
| 0.86 | CNPEX | New Perspective | PairCorr |
| 0.85 | RNPAX | New Perspective | PairCorr |
| 0.75 | XPPRX | Voya Prime Rate | PairCorr |
| 0.66 | PCF | Putnam High Income | PairCorr |
| 0.71 | ELFNX | Elfun Trusts Elfun | PairCorr |
| 0.75 | WMT | Walmart Aggressive Push | PairCorr |
| 0.67 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.69 | DIS | Walt Disney | PairCorr |
| 0.62 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.67 | CSCO | Cisco Systems | PairCorr |
| 0.73 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
| 0.68 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
Moving against Gamco Mutual Fund
| 0.65 | PFE | Pfizer Inc Fiscal Year End 4th of February 2025 | PairCorr |
| 0.55 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
Related Correlations Analysis
| -0.44 | 0.77 | -0.46 | 0.74 | ANNPX | ||
| -0.44 | -0.49 | 0.53 | -0.04 | PWJZX | ||
| 0.77 | -0.49 | -0.53 | 0.48 | GGCIX | ||
| -0.46 | 0.53 | -0.53 | 0.0 | PGSYX | ||
| 0.74 | -0.04 | 0.48 | 0.0 | AMFFX | ||
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ANNPX | 0.42 | 0.11 | 0.12 | 0.31 | 0.00 | 1.09 | 2.27 | |||
| PWJZX | 0.71 | (0.06) | (0.11) | 0.02 | 0.89 | 1.59 | 5.53 | |||
| GGCIX | 0.66 | 0.09 | 0.06 | 0.24 | 0.70 | 1.61 | 5.15 | |||
| PGSYX | 0.60 | (0.12) | 0.00 | (0.08) | 0.00 | 1.03 | 7.35 | |||
| AMFFX | 0.43 | 0.06 | (0.11) | 0.80 | 0.30 | 0.90 | 2.68 |