Gabelli Small Correlations

Mutual Funds USA . 
Fund . The Gabelli Small
GACIX Fund  USD 49.02  0.07  0.14%   
The current 90-days correlation between Gabelli Small and The Gabelli Asset is 0.93 (i.e., Almost no diversification). The correlation of Gabelli Small 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.

Gabelli Small Correlation With Market

Very poor diversification

The correlation between The Gabelli Small and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Gabelli Small and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in The Gabelli Small. 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 gross domestic product.

Moving together with Gabelli Mutual Fund

  0.98SRIGX Gabelli Esg FundPairCorr
  0.95GCFSX Gabelli Global FinancialPairCorr
  0.98GCIEX Gabelli EquityPairCorr
  0.97EMACX Enterprise Mergers AndPairCorr
  0.94EMAAX Enterprise Mergers AndPairCorr
  0.98EMAYX Enterprise Mergers AndPairCorr
  0.86GUXPX Gabelli UtilitiesPairCorr
  0.95GVCAX Gabelli ValuePairCorr
  0.97GVCCX Gabelli ValuePairCorr
  0.97GVCIX Gabelli ValPairCorr
  0.67MLGLX Gabelli Media MogulPairCorr
  0.94GEICX Gabelli Equity IncomePairCorr
  0.9GWSAX Gabelli FocusPairCorr
  0.9GWSCX Gabelli FocusPairCorr
  0.91GWSIX Gabelli FocusPairCorr
  0.95GWSVX Gabelli FocusPairCorr
  0.95GFSIX Gabelli Global FinancialPairCorr
  0.86GGCAX Gabelli GrowthPairCorr
  0.88GGCCX Gabelli GrowthPairCorr
  0.89GGCIX Gabelli GrowthPairCorr
  0.95GGFSX Gabelli Global FinancialPairCorr
  0.85GGGAX Gamco Global GrowthPairCorr
  0.88GGGCX Gamco Global GrowthPairCorr
  0.88GGGIX Gamco Global GrowthPairCorr
  0.88GGMMX Gabelli Global MiniPairCorr
  0.84GGLCX Gamco Global OpportunityPairCorr
  0.68MOGLX Gabelli Media MogulPairCorr
  0.88GICPX Gamco Global GrowthPairCorr
  0.95EAAAX Enterprise Mergers AndPairCorr
  0.61GLDAX Gabelli Gold Steady GrowthPairCorr
  0.83GLOIX Gamco Global OpportunityPairCorr
  0.96DRCVX Comstock Capital ValuePairCorr
  0.92GMNAX Gabelli Global MiniPairCorr
  0.97GMNCX Gabelli Global MiniPairCorr
  0.96COMVX Comstock Capital ValuePairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Gabelli Mutual Fund performing well and Gabelli Small 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 Gabelli Small'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.

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