Gabelli Val Correlations

GVCIX Fund  USD 11.23  0.02  0.18%   
The current 90-days correlation between Gabelli Val and Rational Strategic Allocation is -0.01 (i.e., Good diversification). The correlation of Gabelli Val 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 Val Correlation With Market

Good diversification

The correlation between The Gabelli Val and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Gabelli Val 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 Val. 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

  0.74SRIGX Gabelli Esg FundPairCorr
  0.98GCFSX Gabelli Global FinancialPairCorr
  0.65GCIEX Gabelli EquityPairCorr
  0.76GCIGX Gamco InternationalPairCorr
  0.75EMACX Enterprise Mergers AndPairCorr
  0.74EMAAX Enterprise Mergers AndPairCorr
  0.75EMAYX Enterprise Mergers AndPairCorr
  0.88GUXPX Gabelli UtilitiesPairCorr
  0.75GVCAX Gabelli ValuePairCorr
  0.75GVCCX Gabelli ValuePairCorr
  0.96MLGLX Gabelli Media MogulPairCorr
  0.98GEICX Gabelli Equity IncomePairCorr
  0.72GWSAX Gabelli FocusPairCorr
  0.69GWSCX Gabelli FocusPairCorr
  0.72GWSIX Gabelli FocusPairCorr
  0.71GWSVX Gabelli FocusPairCorr
  0.98GFSIX Gabelli Global FinancialPairCorr
  0.98GGCAX Gabelli GrowthPairCorr
  0.75GGCCX Gabelli GrowthPairCorr
  0.98GGCIX Gabelli GrowthPairCorr
  0.98GGFSX Gabelli Global FinancialPairCorr
  0.98GGGIX Gamco Global GrowthPairCorr
  0.98GGMMX Gabelli Global MiniPairCorr
  0.92GGLCX Gamco Global OpportunityPairCorr
  0.98MOGLX Gabelli Media MogulPairCorr
  0.75GICPX Gamco Global GrowthPairCorr
  0.83GIIGX Gamco InternationalPairCorr
  0.98EAAAX Enterprise Mergers AndPairCorr
  0.68GLOIX Gamco Global OpportunityPairCorr
  0.98DRCVX Comstock Capital ValuePairCorr
  0.98GMNAX Gabelli Global MiniPairCorr
  0.98GMNCX Gabelli Global MiniPairCorr
  0.91GOCAX Gamco Global OpportunityPairCorr
  0.98CPCRX Comstock Capital ValuePairCorr
  0.79CPCCX Comstock Capital ValuePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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