Gamco Global Telecommunications Fund Market Value
| GABTX Fund | USD 19.75 0.04 0.20% |
| Symbol | Gamco |
Gamco Global '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 Gamco Global'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 Gamco Global.
| 04/08/2024 |
| 05/08/2024 |
If you would invest 0.00 in Gamco Global on April 8, 2024 and sell it all today you would earn a total of 0.00 from holding Gamco Global Telecommunications or generate 0.0% return on investment in Gamco Global over 30 days. Gamco Global is related to or competes with T Rowe, T Rowe, Multimedia Portfolio, and Fidelity Advisor. The fund will invest its net assets in common stocks of companies in the telecommunications, media, and information tech... More
Gamco Global 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 Gamco Global'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 Gamco Global Telecommunications upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.931 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 3.68 | |||
| Value At Risk | (1.18) | |||
| Potential Upside | 1.2 |
Gamco Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gamco Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gamco Global's standard deviation. In reality, there are many statistical measures that can use Gamco Global historical prices to predict the future Gamco Global's volatility.| Risk Adjusted Performance | 0.0396 | |||
| Jensen Alpha | 0.031 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.4292 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Gamco Global'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.
Gamco Global Telecom Backtested Returns
We consider Gamco Global very steady. Gamco Global Telecom holds Efficiency (Sharpe) Ratio of 0.0642, which attests that the entity had a 0.0642% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Gamco Global Telecom, which you can use to evaluate the volatility of the entity. Please check out Gamco Global's Risk Adjusted Performance of 0.0396, downside deviation of 0.931, and Market Risk Adjusted Performance of 0.4392 to validate if the risk estimate we provide is consistent with the expected return of 0.0503%. The fund retains a Market Volatility (i.e., Beta) of 0.0851, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Gamco Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Gamco Global is expected to be smaller as well.
Auto-correlation | -0.41 |
Modest reverse predictability
Gamco Global Telecommunications has modest reverse predictability. Overlapping area represents the amount of predictability between Gamco Global time series from 8th of April 2024 to 23rd of April 2024 and 23rd of April 2024 to 8th of May 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 Gamco Global Telecom price movement. The serial correlation of -0.41 indicates that just about 41.0% of current Gamco Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.41 | |
| Spearman Rank Test | -0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Gamco Global Telecom lagged returns against current returns
Autocorrelation, which is Gamco Global 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 Gamco Global's mutual fund expected returns. We can calculate the autocorrelation of Gamco Global returns to help us make a trade decision. For example, suppose you find that Gamco Global 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 |
Gamco Global 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 Gamco Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gamco Global mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gamco Global mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Gamco Global Lagged Returns
When evaluating Gamco Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gamco Global mutual fund have on its future price. Gamco Global 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, Gamco Global autocorrelation shows the relationship between Gamco Global mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Gamco Global Telecommunications.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Gamco Global in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Gamco Global's short interest history, or implied volatility extrapolated from Gamco Global options trading.
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Gamco Global technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.