Gamco International Growth Fund Market Value
| GIIGX Fund | USD 23.59 0.24 1.03% |
| Symbol | Gamco |
Gamco International '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 International's mutual 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 International.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Gamco International on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Gamco International Growth or generate 0.0% return on investment in Gamco International over 540 days. Gamco International is related to or competes with Small Cap, Ultra-short Fixed, Icon Equity, Cutler Equity, Sarofim Equity, and Us Strategic. The fund normally invests at least 65 percent of its total assets in equity securities of foreign issuers located in at ... More
Gamco International 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 International's mutual 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 International Growth upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.28) | |||
| Maximum Drawdown | 5.24 | |||
| Value At Risk | (2.00) | |||
| Potential Upside | 1.22 |
Gamco International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gamco International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gamco International's standard deviation. In reality, there are many statistical measures that can use Gamco International historical prices to predict the future Gamco International's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.31) | |||
| Treynor Ratio | (0.32) |
Gamco International Backtested Returns
Gamco International holds Efficiency (Sharpe) Ratio of -0.12, which attests that the entity had a -0.12% return per unit of risk over the last 3 months. Gamco International exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Gamco International's Market Risk Adjusted Performance of (0.31), risk adjusted performance of (0.12), and Standard Deviation of 0.9795 to validate the risk estimate we provide. The fund retains a Market Volatility (i.e., Beta) of 0.51, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Gamco International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Gamco International is expected to be smaller as well.
Auto-correlation | -0.17 |
Insignificant reverse predictability
Gamco International Growth has insignificant reverse predictability. Overlapping area represents the amount of predictability between Gamco International 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 International price movement. The serial correlation of -0.17 indicates that over 17.0% of current Gamco International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.42 |
Gamco International lagged returns against current returns
Autocorrelation, which is Gamco International mutual 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 International's mutual fund expected returns. We can calculate the autocorrelation of Gamco International returns to help us make a trade decision. For example, suppose you find that Gamco International has exhibited high autocorrelation historically, and you observe that the mutual 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 International 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 International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gamco International mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gamco International mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Gamco International Lagged Returns
When evaluating Gamco International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gamco International mutual fund have on its future price. Gamco International 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 International autocorrelation shows the relationship between Gamco International mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Gamco International Growth.
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 Mutual Fund
Gamco International financial ratios help investors to determine whether Gamco Mutual 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 International security.
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