Gamco Natural Correlations

XGNTX Fund

USD 6.69 0.04 0.60%

The current 90-days correlation between Gamco Natural Resources and Simt Real Estate is 0.14 (i.e., Average diversification). 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

Good diversification

The correlation between Gamco Natural Resources and DJI is -0.05 (i.e., Good 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Gamco Natural Resources. 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 estimate.

Moving together with Gamco Mutual Fund

0.86	VGTSX	Vanguard Total Inter	Pair Corr
0.86	VTIAX	Vanguard Total Inter	Pair Corr
0.65	BRUFX	Bruce Fund Bruce	Pair Corr
0.89	KF	Korea Closed	Pair Corr
0.87	RROPX	American Funds Retirement	Pair Corr
0.95	MRJIX	Real Assets Portfolio	Pair Corr
0.74	PYCWX	Payden E Bond	Pair Corr
0.8	VMSSX	Virtus Multi Sector	Pair Corr
0.79	DIPSX	Dfa Inflation Protected	Pair Corr
0.67	RCBDX	American Funds Porate	Pair Corr
0.78	PDINX	Putnam Diversified Income	Pair Corr
0.75	MQLCX	Mfs Limited Maturity	Pair Corr
0.82	HSXCX	Hartford Schroders	Pair Corr
0.74	MCNAX	Madison Conservative	Pair Corr
0.7	JHCBX	John Hancock Bond	Pair Corr
0.83	FIVOX	Fidelity International	Pair Corr
0.74	JSRSX	Jpmorgan Smartretirement	Pair Corr
0.74	ORAZX	Oppnhmr Rochester Arizona	Pair Corr
0.7	RGEVX	Us Government Securities	Pair Corr
0.77	NSTCX	Neuberger Berman Str	Pair Corr
0.86	ACTVX	Zero Pon 2025	Pair Corr
0.87	MXECX	Great-west Core	Pair Corr
0.83	VCRCX	Mainstay Cbre Global	Pair Corr
0.64	BFCCX	American Funds Porate	Pair Corr
0.7	ABNDX	Bond Fund	Pair Corr
0.87	TIEUX	International Equity	Pair Corr

Moving against Gamco Mutual Fund

0.63

SPGSX

State Street Premier

Pair Corr

Related Correlations Analysis

	SEIRX	FRIOX	DFREX	TRREX	SAREX	VGSIX	NRSCX	NMMRF
SEIRX		0.83	0.8	0.81	0.78	0.81	0.28	0.32	SEIRX
FRIOX	0.83		0.8	0.85	0.77	0.8	0.6	0.7	FRIOX
DFREX	0.8	0.8		0.99	1.0	0.99	0.33	0.42	DFREX
TRREX	0.81	0.85	0.99		0.98	0.99	0.38	0.46	TRREX
SAREX	0.78	0.77	1.0	0.98		0.99	0.31	0.39	SAREX
VGSIX	0.81	0.8	0.99	0.99	0.99		0.27	0.37	VGSIX
NRSCX	0.28	0.6	0.33	0.38	0.31	0.27		0.84	NRSCX
NMMRF	0.32	0.7	0.42	0.46	0.39	0.37	0.84		NMMRF
	SEIRX	FRIOX	DFREX	TRREX	SAREX	VGSIX	NRSCX	NMMRF

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Risk-Adjusted Indicators

There is a big difference between Gamco Mutual Fund performing well and Gamco Natural 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 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
SEIRX	0.94	(0.04)	0.00	(0.05)	0.00	0.00	1.69	(1.81)	4.42
FRIOX	0.26	0.01	0.02	0.06	0.32	(0.28)	0.59	(0.50)	1.30
DFREX	0.92	(0.02)	0.00	0.07	0.00	0.00	1.65	(1.87)	4.48
TRREX	0.94	(0.01)	0.00	0.04	0.00	0.00	1.63	(1.89)	4.40
SAREX	0.93	(0.03)	0.00	0.09	0.00	0.00	1.64	(1.86)	4.54
VGSIX	0.93	(0.02)	0.00	0.05	0.00	0.00	1.73	(1.97)	4.57
NRSCX	0.18	0.00	0.00	0.14	0.23	(0.18)	0.31	(0.37)	1.00
NMMRF	0.07	0.03	0.00	0.37	0.00	0.00	0.00	0.00	2.35

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