Gamco Natural Correlations

XGNTX Fund

USD 6.48 0.03 0.46%

The current 90-days correlation between Gamco Natural Resources and American Funds Retirement is 0.03 (i.e., Significant 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

Modest diversification

The correlation between Gamco Natural Resources and DJI is 0.21 (i.e., Modest 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

0.65	KF	Korea Closed	Pair Corr
0.68	CWVIX	Calvert International	Pair Corr
0.77	TLYPX	Tiaa Cref Lifecycle	Pair Corr
0.75	CAAMX	Invesco Conservative	Pair Corr
0.74	FFIFX	American Funds	Pair Corr
0.73	VFWSX	Vanguard Ftse All	Pair Corr
0.82	SGOIX	First Eagle Overseas	Pair Corr
0.63	DFIEX	International E Equity	Pair Corr
0.73	TLHIX	Tiaa Cref Lifecycle	Pair Corr
0.77	FGPMX	Franklin Gold And	Pair Corr
0.83	BRIEX	Blackrock Retirement	Pair Corr
0.72	TCIEX	Tiaa Cref International	Pair Corr
0.64	GSDUX	Goldman Sachs Short	Pair Corr

Moving against Gamco Mutual Fund

0.35

LOTCX

Locorr Market Trend

Pair Corr

Related Correlations Analysis

	RRPPX	BIMPX	FMTZX	WMBFX	TCTZX	PRRTX
RRPPX		0.94	0.93	0.8	0.96	0.86	RRPPX
BIMPX	0.94		0.98	0.92	0.99	0.94	BIMPX
FMTZX	0.93	0.98		0.94	0.98	0.97	FMTZX
WMBFX	0.8	0.92	0.94		0.92	0.97	WMBFX
TCTZX	0.96	0.99	0.98	0.92		0.96	TCTZX
PRRTX	0.86	0.94	0.97	0.97	0.96		PRRTX
	RRPPX	BIMPX	FMTZX	WMBFX	TCTZX	PRRTX

Click cells to compare fundamentals

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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
RRPPX	0.32	0.02	0.03	0.06	0.42	(0.35)	0.62	(0.54)	2.37
BIMPX	0.32	0.01	0.02	0.04	0.40	(0.37)	0.69	(0.55)	2.39
FMTZX	0.38	0.01	0.01	0.03	0.54	(0.39)	0.64	(0.69)	2.49
WMBFX	0.33	0.00	0.00	0.00	0.47	(0.35)	0.58	(0.59)	2.42
TCTZX	0.28	0.01	0.03	0.06	0.33	(0.31)	0.61	(0.49)	1.94
PRRTX	0.31	0.00	0.01	0.02	0.41	(0.32)	0.56	(0.55)	2.13

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