The Gabelli Asset Fund Market Value
| GATAX Fund | USD 44.91 0.79 1.79% |
| Symbol | Gabelli |
Gabelli Asset '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 Asset's mutual 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 Asset.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Gabelli Asset on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding The Gabelli Asset or generate 0.0% return on investment in Gabelli Asset over 90 days. Gabelli Asset is related to or competes with Gabelli Equity, Gabelli Gold, Gabelli Gold, Gamco Global, Enterprise Mergers, Enterprise Mergers, and Enterprise Mergers. The fund will primarily invest in common stocks and preferred stocks More
Gabelli Asset 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 Asset's mutual 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 Asset upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 14.33 | |||
| Value At Risk | (1.70) | |||
| Potential Upside | 1.14 |
Gabelli Asset Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gabelli Asset's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gabelli Asset's standard deviation. In reality, there are many statistical measures that can use Gabelli Asset historical prices to predict the future Gabelli Asset's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.30) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | (2.99) |
Gabelli Asset Backtested Returns
Gabelli Asset holds Efficiency (Sharpe) Ratio of -0.14, which attests that the entity had a -0.14 % return per unit of risk over the last 3 months. Gabelli Asset exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Gabelli Asset's Standard Deviation of 1.83, risk adjusted performance of (0.14), and Market Risk Adjusted Performance of (2.98) to validate the risk estimate we provide. The fund retains a Market Volatility (i.e., Beta) of 0.1, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Gabelli Asset's returns are expected to increase less than the market. However, during the bear market, the loss of holding Gabelli Asset is expected to be smaller as well.
Auto-correlation | 0.03 |
Virtually no predictability
The Gabelli Asset has virtually no predictability. Overlapping area represents the amount of predictability between Gabelli Asset time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th of March 2025. 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 Asset price movement. The serial correlation of 0.03 indicates that only 3.0% of current Gabelli Asset price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.03 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.31 |
Gabelli Asset lagged returns against current returns
Autocorrelation, which is Gabelli Asset mutual 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 Asset's mutual fund expected returns. We can calculate the autocorrelation of Gabelli Asset returns to help us make a trade decision. For example, suppose you find that Gabelli Asset has exhibited high autocorrelation historically, and you observe that the mutual 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 Asset 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 Asset mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gabelli Asset mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gabelli Asset mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Gabelli Asset Lagged Returns
When evaluating Gabelli Asset's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gabelli Asset mutual fund have on its future price. Gabelli Asset 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 Asset autocorrelation shows the relationship between Gabelli Asset mutual fund current value and its past values and can show if there is a momentum factor associated with investing in The Gabelli Asset.
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 Mutual Fund
Gabelli Asset financial ratios help investors to determine whether Gabelli Mutual 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 Asset security.
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