The Gabelli Correlations

GWSVX Fund  USD 17.70  0.08  0.45%   
The current 90-days correlation between Gabelli Focus and The Gabelli Dividend is 0.46 (i.e., Very weak 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 Focus and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Gabelli Focus 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 Focus. 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 real.

Moving together with THE Mutual Fund

  0.83SRIGX Gabelli Esg FundPairCorr
  0.77GCIEX Gabelli EquityPairCorr
  0.77EMACX Enterprise Mergers AndPairCorr
  0.78EMAAX Enterprise Mergers AndPairCorr
  0.78EMAYX Enterprise Mergers AndPairCorr
  0.67GVCAX Gabelli ValuePairCorr
  0.65GVCCX Gabelli ValuePairCorr
  0.66GVCIX Gabelli ValPairCorr
  0.74GEICX Gabelli Equity IncomePairCorr
  1.0GWSAX Gabelli FocusPairCorr
  1.0GWSCX Gabelli FocusPairCorr
  0.82GWSIX Gabelli FocusPairCorr
  0.79GFSIX Gabelli Global FinancialPairCorr
  0.72GGFSX Gabelli Global FinancialPairCorr
  0.78EAAAX Enterprise Mergers AndPairCorr
  0.79DRCVX Comstock Capital ValuePairCorr
  0.77COMVX Comstock Capital ValuePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
GAGCXGABOX
GAGCXGIGRX
GIGRXGABOX
GIGRXGABBX
GAGCXGABBX
GABOXGABBX
  
High negative correlations   
WEMMXGABOX
WEMMXGAGCX
WEMMXGIGRX

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.