Gabelli Global Correlations

Mutual Funds USA . 
Fund . Gabelli Global Financial
GFSIX Fund  USD 18.64  0.01  0.05%   
The current 90-days correlation between Gabelli Global Financial and Rbc Global Equity is -0.09 (i.e., Good diversification). The correlation of Gabelli Global 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 Global Correlation With Market

Poor diversification

The correlation between Gabelli Global Financial and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gabelli Global Financial 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 Gabelli Global Financial. 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

  0.99SRIGX Gabelli Esg FundPairCorr
  0.99GCFSX Gabelli Global FinancialPairCorr
  0.99GCIEX Gabelli EquityPairCorr
  0.79GCIGX Gamco InternationalPairCorr
  0.99EMACX Enterprise Mergers AndPairCorr
  0.98EMAAX Enterprise Mergers AndPairCorr
  0.99EMAYX Enterprise Mergers AndPairCorr
  0.85GUXPX Gabelli UtilitiesPairCorr
  0.98GVCAX Gabelli ValuePairCorr
  0.99GVCCX Gabelli ValuePairCorr
  0.98GVCIX Gabelli ValPairCorr
  0.97MLGLX Gabelli Media MogulPairCorr
  0.97GEICX Gabelli Equity IncomePairCorr
  0.79GWSAX Gabelli FocusPairCorr
  0.76GWSCX Gabelli FocusPairCorr
  0.8GWSIX Gabelli FocusPairCorr
  0.78GWSVX Gabelli FocusPairCorr
  0.98GGCAX Gabelli GrowthPairCorr
  0.98GGCCX Gabelli GrowthPairCorr
  0.98GGCIX Gabelli GrowthPairCorr
  1.0GGFSX Gabelli Global FinancialPairCorr
  0.97GGGAX Gamco Global GrowthPairCorr
  0.98GGGCX Gamco Global GrowthPairCorr
  0.98GGGIX Gamco Global GrowthPairCorr
  0.98GGMMX Gabelli Global MiniPairCorr
  0.9GGLCX Gamco Global OpportunityPairCorr
  0.97MOGLX Gabelli Media MogulPairCorr
  0.98GICPX Gamco Global GrowthPairCorr
  0.81GIIGX Gamco InternationalPairCorr
  0.8GIGRX Gamco InternationalPairCorr
  0.99EAAAX Enterprise Mergers AndPairCorr
  0.89GLOIX Gamco Global OpportunityPairCorr
  0.97DRCVX Comstock Capital ValuePairCorr
  0.98GMNAX Gabelli Global MiniPairCorr
  0.98GMNCX Gabelli Global MiniPairCorr
  0.97COMVX Comstock Capital ValuePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY