Gamco Global Fund Market Value
| GGN Fund | USD 4.13 0.03 0.73% |
| 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 fund 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.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Gamco Global on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Gamco Global or generate 0.0% return on investment in Gamco Global over 30 days. Gamco Global is related to or competes with Gabelli Global, Gabelli Convertible, MFS Investment, Eaton Vance, Gabelli MultiMedia, Gabelli Equity, and Gabelli Healthcare. 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 fund 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 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.23 | |||
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 6.01 | |||
| Value At Risk | (1.46) | |||
| Potential Upside | 1.15 |
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 | 0.0268 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | 0.0876 |
Gamco Global Backtested Returns
As of now, Gamco Fund is not too volatile. Gamco Global holds Efficiency (Sharpe) Ratio of 0.0511, which attests that the entity had a 0.0511% return per unit of risk over the last 3 months. We have found thirty technical indicators for Gamco Global, which you can use to evaluate the volatility of the entity. Please check out Gamco Global's Market Risk Adjusted Performance of 0.0976, risk adjusted performance of 0.0268, and Downside Deviation of 1.23 to validate if the risk estimate we provide is consistent with the expected return of 0.0463%. The fund retains a Market Volatility (i.e., Beta) of 0.23, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Gamco Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Gamco Global is expected to be smaller as well.
Auto-correlation | 0.43 |
Average predictability
Gamco Global has average predictability. Overlapping area represents the amount of predictability between Gamco Global time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Gamco Global price movement. The serial correlation of 0.43 indicates that just about 43.0% of current Gamco Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.43 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Gamco Global lagged returns against current returns
Autocorrelation, which is Gamco Global fund'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 fund 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 fund 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 fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gamco Global fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gamco Global fund 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 fund 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 fund current value and its past values and can show if there is a momentum factor associated with investing in Gamco Global.
Regressed Prices |
| Timeline |
Pair Trading with Gamco Global
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Gamco Global position performs unexpectedly, the other equity 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 Gamco Global will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Gamco Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gamco Global when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Gamco Global - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Gamco Global to buy it.
The correlation of Gamco Global 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Gamco Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gamco Global moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Gamco Global can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Gamco Fund
Gamco Global financial ratios help investors to determine whether Gamco Fund 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.
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
| Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
| Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. |