The Gabelli Money Fund Market Value
| GABXX Fund | USD 1.00 0.00 0.00% |
| Symbol | Gabelli |
Please note, there is a significant difference between Gabelli Money's value and its price as these two are different measures arrived at by different means. Investors typically determine if Gabelli Money is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Gabelli Money's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Gabelli Money 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Gabelli Money's money market fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Gabelli Money.
| 11/24/2024 |
| 12/24/2024 |
If you would invest 0.00 in Gabelli Money on November 24, 2024 and sell it all today you would earn a total of 0.00 from holding The Gabelli Money or generate 0.0% return on investment in Gabelli Money over 30 days. Gabelli Money is entity of United States More
Gabelli Money Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Gabelli Money's money market fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess The Gabelli Money upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 1.01 |
Gabelli Money Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gabelli Money's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gabelli Money's standard deviation. In reality, there are many statistical measures that can use Gabelli Money historical prices to predict the future Gabelli Money's volatility.| Risk Adjusted Performance | 0.0441 | |||
| Jensen Alpha | 0.0051 | |||
| Total Risk Alpha | (0.000097) | |||
| Treynor Ratio | 0.7688 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Gabelli Money's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Gabelli Money Backtested Returns
At this stage we consider Gabelli Money Market Fund to be not too volatile. Gabelli Money holds Efficiency (Sharpe) Ratio of 0.13, which attests that the entity had a 0.13% return per unit of risk over the last 3 months. We have found sixteen technical indicators for Gabelli Money, which you can use to evaluate the volatility of the entity. Please check out Gabelli Money's Risk Adjusted Performance of 0.0441, standard deviation of 0.1243, and Market Risk Adjusted Performance of 0.7788 to validate if the risk estimate we provide is consistent with the expected return of 0.0158%. The fund retains a Market Volatility (i.e., Beta) of 0.0069, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Gabelli Money's returns are expected to increase less than the market. However, during the bear market, the loss of holding Gabelli Money is expected to be smaller as well.
Auto-correlation | 0.00 |
No correlation between past and present
The Gabelli Money has no correlation between past and present. Overlapping area represents the amount of predictability between Gabelli Money time series from 24th of November 2024 to 9th of December 2024 and 9th of December 2024 to 24th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Gabelli Money price movement. The serial correlation of 0.0 indicates that just 0.0% of current Gabelli Money price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Gabelli Money lagged returns against current returns
Autocorrelation, which is Gabelli Money money market fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Gabelli Money's money market fund expected returns. We can calculate the autocorrelation of Gabelli Money returns to help us make a trade decision. For example, suppose you find that Gabelli Money has exhibited high autocorrelation historically, and you observe that the money market fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Gabelli Money regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Gabelli Money money market fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gabelli Money money market fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gabelli Money money market fund over time.
Current vs Lagged Prices |
| Timeline |
Gabelli Money Lagged Returns
When evaluating Gabelli Money's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gabelli Money money market fund have on its future price. Gabelli Money autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Gabelli Money autocorrelation shows the relationship between Gabelli Money money market fund current value and its past values and can show if there is a momentum factor associated with investing in The Gabelli Money.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Gabelli Money Market Fund
Gabelli Money financial ratios help investors to determine whether Gabelli Money Market Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Gabelli with respect to the benefits of owning Gabelli Money security.
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