Gabelli Gold Fund Price on February 22, 2024
| GOLDX Fund | USD 19.64 0.46 2.29% |
Below is the normalized historical share price chart for Gabelli Gold Fund extending back to August 10, 1994. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Gabelli Gold stands at 19.64, as last reported on the 24th of May, with the highest price reaching 19.64 and the lowest price hitting 19.64 during the day.
If you're considering investing in Gabelli Mutual Fund, it is important to understand the factors that can impact its price. Gabelli Gold appears to be very steady, given 3 months investment horizon. Gabelli Gold holds Efficiency (Sharpe) Ratio of 0.26, which attests that the entity had a 0.26% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Gabelli Gold, which you can use to evaluate the volatility of the entity. Please utilize Gabelli Gold's market risk adjusted performance of 0.3023, and Risk Adjusted Performance of 0.1382 to validate if our risk estimates are consistent with your expectations.
Gabelli Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Gabelli |
Sharpe Ratio = 0.258
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| Small Returns | GOLDX | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 1.61 actual daily | 14 86% of assets are more volatile |
Expected Return
| 0.42 actual daily | 8 92% of assets have higher returns |
Risk-Adjusted Return
| 0.26 actual daily | 20 80% of assets perform better |
Based on monthly moving average Gabelli Gold is performing at about 20% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Gabelli Gold by adding it to a well-diversified portfolio.
Gabelli Gold Valuation on February 22, 2024
It is possible to determine the worth of Gabelli Gold on a given historical date. On February 22, 2024 Gabelli was worth 15.29 at the beginning of the trading date compared to the closed value of 15.29. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Gabelli Gold mutual fund. Still, in general, we apply an absolute valuation method to find Gabelli Gold's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Gabelli Gold where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Gabelli Gold's related companies.
| Open | High | Low | Close | Volume | |
| 15.62 | 15.62 | 15.62 | 15.62 | 1.00 | |
02/22/2024 | 15.29 | 15.29 | 15.29 | 15.29 | 1.00 |
| 15.46 | 15.46 | 15.46 | 15.46 | 1.00 |
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Gabelli Gold Trading Date Momentum on February 22, 2024
| On February 23 2024 Gabelli Gold Fund was traded for 15.46 at the closing time. The highest daily price throughout the period was 15.46 and the lowest price was 15.46 . There was no trading activity during the period 1.0. Lack of trading volume on 02/23/2024 added to the next day price jump. The overall trading delta to closing price of the next trading day was 1.11% . The overall trading delta to current closing price is 7.91% . |
Gabelli Gold Fundamentals Correlations and Trends
By evaluating Gabelli Gold's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Gabelli Gold's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Gabelli financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Gabelli Gold Mutual Fund history
Gabelli Gold investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Gabelli is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Gabelli Gold will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Gabelli Gold stock prices may prove useful in developing a viable investing in Gabelli Gold
The fund normally invests at least 80 percent of its net assets in equity securities of foreign and domestic issuers principally engaged in gold related activities and gold bullion. The adviser focuses on stocks that are undervalued, but which appear to have favorable prospects for growth. Because most of the worlds gold production is outside of the United States, the advisor expects that a significant portion of the funds assets may be invested in securities of foreign issuers, including those located in emerging markets.
Gabelli Gold Mutual Fund Technical Analysis
Gabelli Gold technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
Price Boundaries
Gabelli Gold Period Price Range
Low | February 22, 2024
| High |
15.29 | 15.29 |
Gabelli Gold May 24, 2024 Market Strength
Market strength indicators help investors to evaluate how Gabelli Gold mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Gabelli Gold shares will generate the highest return on investment. By undertsting and applying Gabelli Gold mutual fund market strength indicators, traders can identify Gabelli Gold Fund entry and exit signals to maximize returns
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 15.29 | |||
| Day Typical Price | 15.29 | |||
| Period Momentum Indicator | 4.35 | |||
| Relative Strength Index | 44.4 |
Gabelli Gold Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Gabelli Gold's price direction in advance. Along with the technical and fundamental analysis of Gabelli Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Gabelli to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1382 | |||
| Jensen Alpha | 0.2942 | |||
| Total Risk Alpha | 0.222 | |||
| Sortino Ratio | 0.1683 | |||
| Treynor Ratio | 0.2923 |
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| Volume Indicators |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gabelli Gold Fund. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. Note that the Gabelli Gold information on this page should be used as a complementary analysis to other Gabelli Gold's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.