Correlation Between Gamco Global and Simt Multi-asset

Can any of the company-specific risk be diversified away by investing in both Gamco Global and Simt Multi-asset 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 Simt Multi-asset into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Gamco Global Gold and Simt Multi Asset Accumulation, you can compare the effects of market volatilities on Gamco Global and Simt Multi-asset 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 Simt Multi-asset. Check out your portfolio center. Please also check ongoing floating volatility patterns of Gamco Global and Simt Multi-asset.

Diversification Opportunities for Gamco Global and Simt Multi-asset

0.0

Correlation Coefficient

Gamco Global  Simt Multi-asset

Pay attention - limited upside

The 3 months correlation between Gamco and Simt is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Gamco Global Gold and Simt Multi Asset Accumulation in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Simt Multi Asset 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 Gold are associated (or correlated) with Simt Multi-asset. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Simt Multi Asset has no effect on the direction of Gamco Global i.e., Gamco Global and Simt Multi-asset go up and down completely randomly.

Pair Corralation between Gamco Global and Simt Multi-asset

If you would invest  489.00  in Gamco Global Gold on September 8, 2025 and sell it today you would earn a total of  48.00  from holding Gamco Global Gold or generate 9.82% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	1.54%
Values	Daily Returns

Gamco Global Gold  vs.  Simt Multi Asset Accumulation

Gamco Global Gold

Risk-Adjusted Performance

Good

Compared to the overall equity markets, risk-adjusted returns on investments in Gamco Global Gold are ranked lower than 13 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak basic indicators, Gamco Global may actually be approaching a critical reversion point that can send shares even higher in January 2026.

Simt Multi Asset

Risk-Adjusted Performance

Fair

Compared to the overall equity markets, risk-adjusted returns on investments in Simt Multi Asset Accumulation are ranked lower than 8 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong basic indicators, Simt Multi-asset 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 Simt Multi-asset

The main advantage of trading using opposite Gamco Global and Simt Multi-asset positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Gamco Global position performs unexpectedly, Simt Multi-asset 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 Simt Multi-asset will offset losses from the drop in Simt Multi-asset's long position.

The idea behind Gamco Global Gold and Simt Multi Asset Accumulation 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 Technical Analysis module to check basic technical indicators and analysis based on most latest market data.