GAMCO Natural Correlations

GNT Etf

USD 5.97 0.02 0.34%

The correlation of GAMCO Natural 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 Natural Correlation With Market

Weak diversification

The correlation between GAMCO Natural Resources and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding GAMCO Natural Resources 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 Natural Resources. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with GAMCO Etf

0.73	V	Visa Class A	Pair Corr
0.82	DB	Deutsche Bank AG	Pair Corr
0.84	DX	Dynex Capital Sell-off Trend	Pair Corr
0.71	LU	Lufax Holding	Pair Corr
0.86	LX	Lexinfintech Holdings	Pair Corr
0.84	XP	Xp Inc	Pair Corr
0.63	DMYY	dMY Squared Technology	Pair Corr
0.67	DOMH	Dominari Holdings Earnings Call This Week	Pair Corr
0.7	GCMGW	GCM Grosvenor	Pair Corr
0.76	DYCQ	DT Cloud Acquisition	Pair Corr
0.85	EMCGU	Embrace Change Acqui	Pair Corr

Moving against GAMCO Etf

0.76	WT	WisdomTree	Pair Corr
0.75	LC	LendingClub Corp	Pair Corr
0.71	DHIL	Diamond Hill Investment	Pair Corr
0.6	WD	Walker Dunlop	Pair Corr
0.53	RC	Ready Capital Corp	Pair Corr
0.51	BX	Blackstone Group	Pair Corr
0.35	MC	Moelis Normal Trading	Pair Corr
0.31	CG	Carlyle Group Normal Trading	Pair Corr
0.85	VRTS	Virtus Investment	Pair Corr
0.67	WULF	Terawulf Aggressive Push	Pair Corr
0.57	LGHLW	Lion Financial Group	Pair Corr
0.38	ESHA	ESH Acquisition Corp	Pair Corr
0.37	ECPG	Encore Capital Group	Pair Corr
0.34	EARN	Ellington Residential	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		-0.02	0.58	-0.53	0.3	0.43	0.28	0.9	-0.74	-0.03	META
MSFT	-0.02		-0.62	0.02	-0.8	0.7	0.89	0.13	0.43	-0.55	MSFT
UBER	0.58	-0.62		-0.28	0.81	-0.27	-0.53	0.51	-0.84	0.57	UBER
F	-0.53	0.02	-0.28		0.0	-0.09	-0.16	-0.37	0.51	0.36	F
T	0.3	-0.8	0.81	0.0		-0.59	-0.71	0.16	-0.65	0.6	T
A	0.43	0.7	-0.27	-0.09	-0.59		0.8	0.62	0.11	-0.34	A
CRM	0.28	0.89	-0.53	-0.16	-0.71	0.8		0.36	0.23	-0.61	CRM
JPM	0.9	0.13	0.51	-0.37	0.16	0.62	0.36		-0.63	0.06	JPM
MRK	-0.74	0.43	-0.84	0.51	-0.65	0.11	0.23	-0.63		-0.32	MRK
XOM	-0.03	-0.55	0.57	0.36	0.6	-0.34	-0.61	0.06	-0.32		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

JPM	+ 0.9	META
CRM	+ 0.89	MSFT
T	+ 0.81	UBER
CRM	+ 0.8	A
A	+ 0.7	MSFT
JPM	+ 0.62	A

High negative correlations

MRK	- 0.84	UBER
T	- 0.8	MSFT
MRK	- 0.74	META
CRM	- 0.71	T
MRK	- 0.65	T
MRK	- 0.63	JPM

GAMCO Natural Competition Risk-Adjusted Indicators

There is a big difference between GAMCO Etf performing well and GAMCO Natural ETF 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 Natural'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
META	1.63	0.04	0.02	0.00	2.27	(1.46)	2.96	(3.73)	8.90
MSFT	1.11	(0.18)	0.00	(0.29)	0.00	0.00	2.58	(2.14)	10.31
UBER	1.88	0.40	0.18	0.75	2.03	(2.05)	4.72	(3.13)	12.75
F	1.44	0.14	0.06	0.09	2.12	(1.42)	2.71	(2.88)	10.14
T	0.99	0.29	0.19	0.56	1.43	(1.11)	1.90	(1.55)	11.66
A	1.16	(0.14)	0.00	(0.20)	0.00	0.00	2.92	(2.59)	9.03
CRM	1.40	(0.29)	0.00	(0.29)	0.00	0.00	2.72	(3.81)	8.88
JPM	1.14	0.10	0.05	0.05	1.76	(1.09)	2.16	(3.35)	6.85
MRK	1.16	(0.11)	0.00	1.03	0.00	0.00	2.07	(1.80)	11.58
XOM	1.03	0.13	0.10	0.27	1.28	(1.06)	2.55	(2.36)	5.89

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