The Gabelli Correlations

Mutual Funds . USA . 
Fund . The Gabelli Small
GACIX Fund  USD 45.40  0.33  0.72%   
The current 90-days correlation between Gabelli Small and The Gabelli Small is -0.09 (i.e., Good diversification). The correlation of The Gabelli 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.

The Gabelli Correlation With Market

Good diversification

The correlation between The Gabelli Small and DJI is -0.05 (i.e., Good 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 The Mutual Fund

  0.7SRIGX Gabelli Esg FundPairCorr
  0.82GCFSX Gabelli Global FinancialPairCorr
  0.62GCIEX Gabelli EquityPairCorr
  0.68EMAAX Enterprise Mergers AndPairCorr
  0.66MLGLX Gabelli Media MogulPairCorr
  0.76GFSIX Gabelli Global FinancialPairCorr
  0.83GGFSX Gabelli Global FinancialPairCorr
  0.66MOGLX Gabelli Media MogulPairCorr
  0.67EAAAX Enterprise Mergers AndPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between The Mutual Fund performing well and The Gabelli 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 The Gabelli'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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
GABSX  0.75 (0.03)(0.02) 0.07  0.73 
(0.89)
 1.93 
(1.33)
 5.26 
FLCCX  0.47  0.08 (0.04)(1.03) 0.61 
(0.49)
 1.13 
(0.85)
 4.05 
CSVYX  0.86 (0.03) 0.03  0.08  0.81 
(1.04)
 2.12 
(1.41)
 7.50 
ACFOX  0.76  0.07  0.05  0.16  1.04 
(0.74)
 1.33 
(1.67)
 5.36 
BDFIX  0.93 (0.08)(0.03) 0.04  0.99 
(0.95)
 2.27 
(1.50)
 6.68 
BDFFX  0.94  0.04 (0.06)(0.95) 1.00 
(0.95)
 2.27 
(1.52)
 6.71 
CABDX  0.42  0.04 (0.12)(0.16) 0.44 
(0.61)
 1.07 
(0.75)
 3.49 
RLITX  0.51 (0.02)(0.07) 0.07  0.58 
(0.57)
 0.94 
(1.20)
 3.06 
LISIX  0.51 (0.02)(0.07) 0.07  0.58 
(0.55)
 1.01 
(1.16)
 3.06 
BIIEX  0.52  0.04  0.01  0.16  0.51 
(0.56)
 1.09 
(0.86)
 3.63 

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