Gamco Global Correlations

GICPX Fund

USD 55.08 1.80 3.16%

The current 90-days correlation between Gamco Global Growth and Transamerica Mlp Energy is 0.51 (i.e., Very weak 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

Very weak diversification

The correlation between Gamco Global Growth and DJI is 0.51 (i.e., Very weak 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.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gamco Global Growth. 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 american community survey.

Moving together with Gamco Mutual Fund

0.64	GCIEX	Gabelli Equity	Pair Corr
0.78	EMACX	Enterprise Mergers And	Pair Corr
0.78	EMAAX	Enterprise Mergers And	Pair Corr
0.78	EMAYX	Enterprise Mergers And	Pair Corr
0.64	GVCAX	Gabelli Value	Pair Corr
0.64	GVCCX	Gabelli Value	Pair Corr
0.64	GVCIX	Gabelli Val	Pair Corr
0.65	GEICX	Gabelli Equity Income	Pair Corr
0.81	GGCAX	Gabelli Growth	Pair Corr
0.8	GGCCX	Gabelli Growth	Pair Corr
0.81	GGCIX	Gabelli Growth	Pair Corr
1.0	GGGAX	Gamco Global Growth	Pair Corr
1.0	GGGCX	Gamco Global Growth	Pair Corr
1.0	GGGIX	Gamco Global Growth	Pair Corr
0.66	GGMMX	Gabelli Global Mini	Pair Corr
0.78	EAAAX	Enterprise Mergers And	Pair Corr
0.66	GMNAX	Gabelli Global Mini	Pair Corr
0.66	GMNCX	Gabelli Global Mini	Pair Corr

Related Correlations Analysis

	TMCLX	XGNTX	HNRGX	ENPSX	FRNRX	TREIX	SMAPX
TMCLX		0.61	0.92	0.82	0.85	0.38	0.99	TMCLX
XGNTX	0.61		0.68	0.68	0.73	0.44	0.54	XGNTX
HNRGX	0.92	0.68		0.93	0.95	0.25	0.91	HNRGX
ENPSX	0.82	0.68	0.93		0.97	0.03	0.81	ENPSX
FRNRX	0.85	0.73	0.95	0.97		0.06	0.82	FRNRX
TREIX	0.38	0.44	0.25	0.03	0.06		0.34	TREIX
SMAPX	0.99	0.54	0.91	0.81	0.82	0.34		SMAPX
	TMCLX	XGNTX	HNRGX	ENPSX	FRNRX	TREIX	SMAPX

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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
TMCLX	1.02	(0.06)	0.00	(0.17)	0.00	0.00	1.71	(2.31)	6.34
XGNTX	0.61	0.02	0.08	(0.01)	0.87	(0.62)	1.26	(1.27)	4.33
HNRGX	0.96	(0.05)	0.00	(0.16)	0.00	0.00	1.57	(2.33)	5.81
ENPSX	1.52	(0.13)	0.00	(0.23)	0.00	0.00	2.50	(3.59)	8.59
FRNRX	0.87	(0.07)	0.00	(0.19)	0.00	0.00	1.23	(1.97)	4.96
TREIX	0.06	0.01	0.59	1.35	0.00	(0.11)	0.10	(0.10)	0.40
SMAPX	1.11	(0.06)	0.00	(0.17)	0.00	0.00	1.86	(2.46)	7.93

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Gamco Global Correlations

Gamco Global Correlation With Market

Very weak diversification

Moving together with Gamco Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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