Gabelli Equity Income Fund Market Value
| GEICX Fund | 7.90 0.02 0.25% |
| Symbol | Gabelli |
Gabelli Equity '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 Equity'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 Equity.
| 12/10/2023 |
| 12/04/2024 |
If you would invest 0.00 in Gabelli Equity on December 10, 2023 and sell it all today you would earn a total of 0.00 from holding Gabelli Equity Income or generate 0.0% return on investment in Gabelli Equity over 360 days. Gabelli Equity is related to or competes with The Gabelli, The Gabelli, Wasatch Large, Tcw Relative, and Large Cap. The fund seeks to achieve its investment objective through a combination of capital appreciation and current income by i... More
Gabelli Equity 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 Equity'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 Gabelli Equity Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6153 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 4.07 | |||
| Value At Risk | (0.93) | |||
| Potential Upside | 1.06 |
Gabelli Equity Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gabelli Equity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gabelli Equity's standard deviation. In reality, there are many statistical measures that can use Gabelli Equity historical prices to predict the future Gabelli Equity's volatility.| Risk Adjusted Performance | 0.0705 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.068 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Gabelli Equity'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 Equity Income Backtested Returns
At this stage we consider Gabelli Mutual Fund to be very steady. Gabelli Equity Income holds Efficiency (Sharpe) Ratio of 0.15, which attests that the entity had a 0.15% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Gabelli Equity Income, which you can use to evaluate the volatility of the entity. Please check out Gabelli Equity's risk adjusted performance of 0.0705, and Market Risk Adjusted Performance of 0.078 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 0.87, which attests to possible diversification benefits within a given portfolio. Gabelli Equity returns are very sensitive to returns on the market. As the market goes up or down, Gabelli Equity is expected to follow.
Auto-correlation | 0.65 |
Good predictability
Gabelli Equity Income has good predictability. Overlapping area represents the amount of predictability between Gabelli Equity time series from 10th of December 2023 to 7th of June 2024 and 7th of June 2024 to 4th 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 Equity Income price movement. The serial correlation of 0.65 indicates that roughly 65.0% of current Gabelli Equity price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.65 | |
| Spearman Rank Test | 0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Gabelli Equity Income lagged returns against current returns
Autocorrelation, which is Gabelli Equity 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 Equity's mutual fund expected returns. We can calculate the autocorrelation of Gabelli Equity returns to help us make a trade decision. For example, suppose you find that Gabelli Equity 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 Equity 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 Equity mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gabelli Equity 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 Equity mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Gabelli Equity Lagged Returns
When evaluating Gabelli Equity's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gabelli Equity mutual fund have on its future price. Gabelli Equity 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 Equity autocorrelation shows the relationship between Gabelli Equity mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Gabelli Equity Income.
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 Equity 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 Equity security.
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