Correlation Between Gamco Global and Mfs Commodity

Can any of the company-specific risk be diversified away by investing in both Gamco Global and Mfs Commodity at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Gamco Global and Mfs Commodity into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Gamco Global Opportunity and Mfs Commodity Strategy, you can compare the effects of market volatilities on Gamco Global and Mfs Commodity and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Gamco Global with a short position of Mfs Commodity. Check out your portfolio center. Please also check ongoing floating volatility patterns of Gamco Global and Mfs Commodity.

Diversification Opportunities for Gamco Global and Mfs Commodity

0.0

Correlation Coefficient

Gamco Global  Mfs Commodity

Pay attention - limited upside

The 3 months correlation between Gamco and Mfs is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Gamco Global Opportunity and Mfs Commodity Strategy in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Mfs Commodity Strategy and Gamco Global is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Gamco Global Opportunity are associated (or correlated) with Mfs Commodity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Mfs Commodity Strategy has no effect on the direction of Gamco Global i.e., Gamco Global and Mfs Commodity go up and down completely randomly.

Pair Corralation between Gamco Global and Mfs Commodity

If you would invest  1,418  in Gamco Global Opportunity on July 20, 2025 and sell it today you would earn a total of  169.00  from holding Gamco Global Opportunity or generate 11.92% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	0.0%
Values	Daily Returns

Gamco Global Opportunity  vs.  Mfs Commodity Strategy

Gamco Global Opportunity

Risk-Adjusted Performance

Solid

Compared to the overall equity markets, risk-adjusted returns on investments in Gamco Global Opportunity are ranked lower than 17 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak forward indicators, Gamco Global may actually be approaching a critical reversion point that can send shares even higher in November 2025.

Mfs Commodity Strategy

Risk-Adjusted Performance

Fair

Over the last 90 days Mfs Commodity Strategy has generated negative risk-adjusted returns adding no value to fund investors. In spite of fairly strong technical indicators, Mfs Commodity is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.

Pair Trading with Gamco Global and Mfs Commodity

The main advantage of trading using opposite Gamco Global and Mfs Commodity positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Gamco Global position performs unexpectedly, Mfs Commodity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Mfs Commodity will offset losses from the drop in Mfs Commodity's long position.

The idea behind Gamco Global Opportunity and Mfs Commodity Strategy pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

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Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.