The Gabelli Correlations

GVCCX Fund

USD 6.82 0.02 0.29%

The current 90-days correlation between Gabelli Value and Touchstone Funds Group is -0.03 (i.e., Good 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

Poor diversification

The correlation between The Gabelli Value and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Gabelli Value 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 Value. 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 main economic indicators.

Moving together with The Mutual Fund

0.84	SRIGX	Gabelli Esg Fund	Pair Corr
0.63	GCFSX	Gabelli Global Financial	Pair Corr
0.8	GCIEX	Gabelli Equity	Pair Corr
0.75	GCIGX	Gamco International	Pair Corr
0.89	EMACX	Enterprise Mergers And	Pair Corr
0.89	EMAAX	Enterprise Mergers And	Pair Corr
0.9	EMAYX	Enterprise Mergers And	Pair Corr
0.87	GVCAX	Gabelli Value	Pair Corr
1.0	GVCIX	Gabelli Val	Pair Corr
0.79	MLGLX	Gabelli Media Mogul	Pair Corr
0.82	GEICX	Gabelli Equity Income	Pair Corr
0.65	GWSAX	Gabelli Focus	Pair Corr
0.65	GWSCX	Gabelli Focus	Pair Corr
0.65	GWSVX	Gabelli Focus	Pair Corr
0.73	GFSIX	Gabelli Global Financial	Pair Corr
0.67	GGFSX	Gabelli Global Financial	Pair Corr
0.79	MOGLX	Gabelli Media Mogul	Pair Corr
0.68	GIIGX	Gamco International	Pair Corr
0.74	GIGRX	Gamco International	Pair Corr
0.89	EAAAX	Enterprise Mergers And	Pair Corr

Related Correlations Analysis

	TIMPX	TECIX	TTRBX	ABNTX	GUGAX	GPBFX
TIMPX		0.95	0.98	0.93	0.96	0.83	TIMPX
TECIX	0.95		0.98	0.98	0.97	0.77	TECIX
TTRBX	0.98	0.98		0.96	0.96	0.79	TTRBX
ABNTX	0.93	0.98	0.96		0.98	0.72	ABNTX
GUGAX	0.96	0.97	0.96	0.98		0.82	GUGAX
GPBFX	0.83	0.77	0.79	0.72	0.82		GPBFX
	TIMPX	TECIX	TTRBX	ABNTX	GUGAX	GPBFX

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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
TIMPX	0.26	0.01	0.26	(0.47)	0.23	(0.30)	0.56	(0.45)	1.47
TECIX	0.12	0.01	0.48	0.84	0.00	(0.20)	0.33	(0.22)	0.66
TTRBX	0.16	0.01	0.37	(0.25)	0.10	(0.19)	0.40	(0.30)	0.82
ABNTX	0.15	0.03	0.41	2.19	0.00	(0.21)	0.30	(0.39)	0.99
GUGAX	0.22	0.03	0.31	0.90	0.17	(0.27)	0.47	(0.41)	1.42
GPBFX	0.21	0.05	0.47	0.87	0.00	(0.27)	0.52	(0.29)	1.47

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The Gabelli Correlations

The Gabelli Correlation With Market

Poor diversification

Moving together with The Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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