The Gabelli Asset Fund Market Value
| GATCX Fund | USD 46.79 0.18 0.38% |
| 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.
| 09/12/2024 |
| 12/11/2024 |
If you would invest 0.00 in Gabelli Asset on September 12, 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 Century Small, Qs Growth, Ab Small, Rbb Fund, T Rowe, Balanced Fund, and Volumetric Fund. 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.
| Downside Deviation | 0.4503 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 3.76 | |||
| Value At Risk | (0.71) | |||
| Potential Upside | 1.06 |
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 | 0.1153 | |||
| Jensen Alpha | 0.0053 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.1211 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Gabelli Asset'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 Asset Backtested Returns
At this stage we consider Gabelli Mutual Fund to be very steady. Gabelli Asset holds Efficiency (Sharpe) Ratio of 0.16, which attests that the entity had a 0.16% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Gabelli Asset, which you can use to evaluate the volatility of the entity. Please check out Gabelli Asset's Market Risk Adjusted Performance of 0.1311, downside deviation of 0.4503, and Risk Adjusted Performance of 0.1153 to validate if the risk estimate we provide is consistent with the expected return of 0.11%. The fund retains a Market Volatility (i.e., Beta) of 0.8, which attests to possible diversification benefits within a given portfolio. 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 | 0.72 |
Good predictability
The Gabelli Asset has good predictability. Overlapping area represents the amount of predictability between Gabelli Asset time series from 12th of September 2024 to 27th of October 2024 and 27th of October 2024 to 11th 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 Asset price movement. The serial correlation of 0.72 indicates that around 72.0% of current Gabelli Asset price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.72 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.73 |
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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