The Gabelli Multimedia Preferred Stock Market Value
| GGT-PE Preferred Stock | USD 22.90 0.05 0.22% |
| Symbol | Gabelli |
Gabelli Multimedia 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Gabelli Multimedia's preferred stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Gabelli Multimedia.
| 01/04/2023 |
| 12/24/2024 |
If you would invest 0.00 in Gabelli Multimedia on January 4, 2023 and sell it all today you would earn a total of 0.00 from holding The Gabelli Multimedia or generate 0.0% return on investment in Gabelli Multimedia over 720 days. Gabelli Multimedia is related to or competes with Virtus AllianzGI, Gabelli Equity, Oxford Lane, Gabelli Utility, Gabelli Equity, and Tri Continental. More
Gabelli Multimedia Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Gabelli Multimedia's preferred stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess The Gabelli Multimedia upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 4.5 | |||
| Value At Risk | (1.24) | |||
| Potential Upside | 1.02 |
Gabelli Multimedia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gabelli Multimedia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gabelli Multimedia's standard deviation. In reality, there are many statistical measures that can use Gabelli Multimedia historical prices to predict the future Gabelli Multimedia's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.06) | |||
| Treynor Ratio | 0.217 |
The Gabelli Multimedia Backtested Returns
The Gabelli Multimedia holds Efficiency (Sharpe) Ratio of -0.0438, which attests that the entity had a -0.0438% return per unit of risk over the last 3 months. The Gabelli Multimedia exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Gabelli Multimedia's Risk Adjusted Performance of (0.03), market risk adjusted performance of 0.227, and Standard Deviation of 0.7407 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.19, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Gabelli Multimedia are expected to decrease at a much lower rate. During the bear market, Gabelli Multimedia is likely to outperform the market. At this point, The Gabelli Multimedia has a negative expected return of -0.0328%. Please make sure to check out Gabelli Multimedia's skewness, day typical price, and the relationship between the maximum drawdown and daily balance of power , to decide if The Gabelli Multimedia performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.12 |
Insignificant predictability
The Gabelli Multimedia has insignificant predictability. Overlapping area represents the amount of predictability between Gabelli Multimedia time series from 4th of January 2023 to 30th of December 2023 and 30th of December 2023 to 24th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of The Gabelli Multimedia price movement. The serial correlation of 0.12 indicates that less than 12.0% of current Gabelli Multimedia price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.12 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.56 |
The Gabelli Multimedia lagged returns against current returns
Autocorrelation, which is Gabelli Multimedia preferred stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Gabelli Multimedia's preferred stock expected returns. We can calculate the autocorrelation of Gabelli Multimedia returns to help us make a trade decision. For example, suppose you find that Gabelli Multimedia has exhibited high autocorrelation historically, and you observe that the preferred stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Gabelli Multimedia regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Gabelli Multimedia preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gabelli Multimedia preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gabelli Multimedia preferred stock over time.
Current vs Lagged Prices |
| Timeline |
Gabelli Multimedia Lagged Returns
When evaluating Gabelli Multimedia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gabelli Multimedia preferred stock have on its future price. Gabelli Multimedia autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Gabelli Multimedia autocorrelation shows the relationship between Gabelli Multimedia preferred stock current value and its past values and can show if there is a momentum factor associated with investing in The Gabelli Multimedia.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Gabelli Preferred Stock
Gabelli Multimedia financial ratios help investors to determine whether Gabelli Preferred Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Gabelli with respect to the benefits of owning Gabelli Multimedia security.