Gabelli Healthcare Wellnessrx Stock Market Value
| GRX Stock | USD 10.42 0.12 1.17% |
| Symbol | Gabelli |
Gabelli Healthcare Price To Book Ratio
Is Asset Management & Custody Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Gabelli Healthcare. If investors know Gabelli will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Gabelli Healthcare listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.29) | Return On Equity (13.74) |
The market value of Gabelli Healthcare is measured differently than its book value, which is the value of Gabelli that is recorded on the company's balance sheet. Investors also form their own opinion of Gabelli Healthcare's value that differs from its market value or its book value, called intrinsic value, which is Gabelli Healthcare's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Gabelli Healthcare's market value can be influenced by many factors that don't directly affect Gabelli Healthcare's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Gabelli Healthcare's value and its price as these two are different measures arrived at by different means. Investors typically determine if Gabelli Healthcare is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Gabelli Healthcare's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Gabelli Healthcare '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 Healthcare's 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 Healthcare.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Gabelli Healthcare on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Gabelli Healthcare WellnessRx or generate 0.0% return on investment in Gabelli Healthcare over 180 days. Gabelli Healthcare is related to or competes with GAMCO Natural, Gabelli Global, John Hancock, Gabelli MultiMedia, Gabelli Convertible, MFS Investment, and Eaton Vance. The Gabelli Healthcare and Wellness Trust is a closed-ended equity mutual fund launched by GAMCO Investors, Inc More
Gabelli Healthcare 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 Healthcare's 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 Gabelli Healthcare WellnessRx upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.28) | |||
| Maximum Drawdown | 3.3 | |||
| Value At Risk | (1.47) | |||
| Potential Upside | 1.11 |
Gabelli Healthcare Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gabelli Healthcare's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gabelli Healthcare's standard deviation. In reality, there are many statistical measures that can use Gabelli Healthcare historical prices to predict the future Gabelli Healthcare's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | (0.45) |
Gabelli Healthcare Backtested Returns
Gabelli Healthcare holds Efficiency (Sharpe) Ratio of -0.11, which attests that the entity had a -0.11% return per unit of standard deviation over the last 3 months. Gabelli Healthcare exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Gabelli Healthcare's market risk adjusted performance of (0.44), and Risk Adjusted Performance of (0.07) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.17, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Gabelli Healthcare's returns are expected to increase less than the market. However, during the bear market, the loss of holding Gabelli Healthcare is expected to be smaller as well. At this point, Gabelli Healthcare has a negative expected return of -0.0799%. Please make sure to check out Gabelli Healthcare's treynor ratio, as well as the relationship between the accumulation distribution and period momentum indicator , to decide if Gabelli Healthcare performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.9 |
Excellent reverse predictability
Gabelli Healthcare WellnessRx has excellent reverse predictability. Overlapping area represents the amount of predictability between Gabelli Healthcare time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 Gabelli Healthcare price movement. The serial correlation of -0.9 indicates that approximately 90.0% of current Gabelli Healthcare price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.9 | |
| Spearman Rank Test | -0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
Gabelli Healthcare lagged returns against current returns
Autocorrelation, which is Gabelli Healthcare 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 Healthcare's stock expected returns. We can calculate the autocorrelation of Gabelli Healthcare returns to help us make a trade decision. For example, suppose you find that Gabelli Healthcare has exhibited high autocorrelation historically, and you observe that the 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 Healthcare 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 Healthcare stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gabelli Healthcare stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gabelli Healthcare stock over time.
Current vs Lagged Prices |
| Timeline |
Gabelli Healthcare Lagged Returns
When evaluating Gabelli Healthcare's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gabelli Healthcare stock have on its future price. Gabelli Healthcare 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 Healthcare autocorrelation shows the relationship between Gabelli Healthcare stock current value and its past values and can show if there is a momentum factor associated with investing in Gabelli Healthcare WellnessRx.
Regressed Prices |
| Timeline |
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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.Additional Tools for Gabelli Stock Analysis
When running Gabelli Healthcare's price analysis, check to measure Gabelli Healthcare's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Gabelli Healthcare is operating at the current time. Most of Gabelli Healthcare's value examination focuses on studying past and present price action to predict the probability of Gabelli Healthcare's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gabelli Healthcare's price. Additionally, you may evaluate how the addition of Gabelli Healthcare to your portfolios can decrease your overall portfolio volatility.