Gamco Global Gold Preferred Stock Market Value
| GGN-PB Preferred Stock | USD 21.98 0.14 0.64% |
| Symbol | GAMCO |
GAMCO Global '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 GAMCO Global'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 GAMCO Global.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in GAMCO Global on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding GAMCO Global Gold or generate 0.0% return on investment in GAMCO Global over 540 days. GAMCO Global is related to or competes with Gabelli Equity, Gabelli Equity, Gabelli Utility, and Bancroft Fund. GAMCO Global Gold, Natural Resources Income Trust is a closed ended equity mutual fund launched by GAMCO Investors, Inc More
GAMCO Global 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 GAMCO Global'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 GAMCO Global Gold upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.04 | |||
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 5.73 | |||
| Value At Risk | (1.54) | |||
| Potential Upside | 1.7 |
GAMCO Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GAMCO Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GAMCO Global's standard deviation. In reality, there are many statistical measures that can use GAMCO Global historical prices to predict the future GAMCO Global's volatility.| Risk Adjusted Performance | 0.0189 | |||
| Jensen Alpha | 0.0357 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | (0.1) | |||
| Treynor Ratio | (0.06) |
GAMCO Global Gold Backtested Returns
At this point, GAMCO Global is very steady. GAMCO Global Gold holds Efficiency (Sharpe) Ratio of 0.0065, which attests that the company had a 0.0065% return per unit of risk over the last 3 months. We have found thirty technical indicators for GAMCO Global Gold, which you can use to evaluate the volatility of the entity. Please check out GAMCO Global's semi deviation of 0.9391, and Downside Deviation of 1.04 to validate if the risk estimate we provide is consistent with the expected return of 0.0068%. The firm retains a Market Volatility (i.e., Beta) of -0.21, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning GAMCO Global are expected to decrease at a much lower rate. During the bear market, GAMCO Global is likely to outperform the market. GAMCO Global Gold at this time retains a risk of 1.05%. Please check out GAMCO Global total risk alpha, downside variance, daily balance of power, as well as the relationship between the maximum drawdown and skewness , to decide if GAMCO Global will be following its current trending patterns.
Auto-correlation | 0.54 |
Modest predictability
GAMCO Global Gold has modest predictability. Overlapping area represents the amount of predictability between GAMCO Global time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th of November 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 GAMCO Global Gold price movement. The serial correlation of 0.54 indicates that about 54.0% of current GAMCO Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 1.15 |
GAMCO Global Gold lagged returns against current returns
Autocorrelation, which is GAMCO Global 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 GAMCO Global's preferred stock expected returns. We can calculate the autocorrelation of GAMCO Global returns to help us make a trade decision. For example, suppose you find that GAMCO Global 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 |
GAMCO Global 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 GAMCO Global preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GAMCO Global preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GAMCO Global preferred stock over time.
Current vs Lagged Prices |
| Timeline |
GAMCO Global Lagged Returns
When evaluating GAMCO Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GAMCO Global preferred stock have on its future price. GAMCO Global 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, GAMCO Global autocorrelation shows the relationship between GAMCO Global preferred stock current value and its past values and can show if there is a momentum factor associated with investing in GAMCO Global Gold.
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 GAMCO Preferred Stock
GAMCO Global financial ratios help investors to determine whether GAMCO 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 GAMCO with respect to the benefits of owning GAMCO Global security.