Gamco Global Variance
| GOCAX Fund | | | USD 16.79 -0.12 -0.71% |
Gamco Global variance lookup summarizes this and related technical indicators for Gamco Global Opportunity. Coverage varies by data normalization and availability; see
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Risk vs Return Analysis to better understand diversified portfolio construction. Such insight adds context to allocation decisions within a diversified portfolio. This includes a position in Gamco Global Opportunity within the portfolio mix. 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 nation.
Gamco Global Opportunity has current Variance of 1.36. Variance is another measure of security risk that shows the amount of dispersion of equity returns around their mean value. Variance is calculated as the average squared deviations from the mean. Evaluating a set of investment alternatives one can use variance to help determine the volatility when purchasing a specific security. Similar to Standard Deviation, the variance is a measure of how far a set of numbers is spread out around its mean.
Variance | = | SUM(RET DEV)2N |
| = | 1.36 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
Gamco Global Variance Peers Comparison
Gamco Variance Relative To Other Indicators
Gamco Global Opportunity currently holds the
# 4 position in variance among similar funds. It is currently under evaluation. in maximum drawdown among similar funds reporting about
5.09 of Maximum Drawdown per Variance. The ratio of Maximum Drawdown to Variance for Gamco Global Opportunity is roughly
5.09 Variance is also a measure of stock volatility and can help determine the risk an investor might take on when purchasing a specific security. A relatively big variance indicates that the daily prices or returns are far from the mean and a small variance indicates that they are located around the mean.
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