GAMCO Natural Correlations

GNT Etf

USD 5.31 0.01 0.19%

The current 90-days correlation between GAMCO Natural Resources and Western Asset Investment is 0.24 (i.e., Modest diversification). The correlation of GAMCO Natural 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

GAMCO Natural Correlation With Market

Very weak diversification

The correlation between GAMCO Natural Resources and NYA is 0.45 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding GAMCO Natural Resources and NYA in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GAMCO Natural Resources. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with GAMCO Etf

0.61	AC	Associated Capital	Pair Corr
0.8	BK	Bank of New York Financial Report 16th of July 2024	Pair Corr
0.78	DB	Deutsche Bank AG	Pair Corr
0.83	GS	Goldman Sachs Group Financial Report 17th of July 2024	Pair Corr
0.75	MS	Morgan Stanley Financial Report 16th of July 2024	Pair Corr
0.76	RM	Regional Management Corp	Pair Corr
0.81	WT	WisdomTree	Pair Corr
0.73	CDAQU	Compass Digital Acqu	Pair Corr
0.67	ZLSWU	Zalatoris II Acquisition Symbol Change	Pair Corr
0.71	VCTR	Victory Capital Holdings	Pair Corr
0.81	DPCS	DP Cap Acquisition	Pair Corr
0.86	VCXB	10X Capital Venture	Pair Corr
0.88	GCMGW	GCM Grosvenor	Pair Corr
0.74	PWUPU	PowerUp Acquisition Corp	Pair Corr

Moving against GAMCO Etf

0.83	QD	Qudian Inc	Pair Corr
0.7	MA	Mastercard	Pair Corr
0.56	RC	Ready Capital Corp	Pair Corr
0.52	CG	Carlyle Group	Pair Corr
0.36	V	Visa Class A Financial Report 23rd of July 2024	Pair Corr
0.77	CDAQW	Compass Digital Acqu	Pair Corr
0.71	XP	Xp Inc	Pair Corr
0.37	TETEW	Technology Telecommunicatio	Pair Corr
0.34	VRTS	Virtus Investment	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.6	0.63	0.3	-0.03	-0.05	0.18	-0.09	-0.31	-0.09	META
MSFT	0.6		0.15	-0.1	0.48	0.12	-0.17	0.35	0.1	-0.51	MSFT
UBER	0.63	0.15		0.57	-0.42	0.09	0.6	-0.31	-0.42	-0.05	UBER
F	0.3	-0.1	0.57		-0.24	0.26	0.63	0.17	0.09	0.5	F
T	-0.03	0.48	-0.42	-0.24		-0.19	-0.6	0.69	0.47	-0.49	T
A	-0.05	0.12	0.09	0.26	-0.19		0.73	0.36	0.05	0.25	A
CRM	0.18	-0.17	0.6	0.63	-0.6	0.73		-0.07	-0.25	0.43	CRM
JPM	-0.09	0.35	-0.31	0.17	0.69	0.36	-0.07		0.43	-0.09	JPM
MRK	-0.31	0.1	-0.42	0.09	0.47	0.05	-0.25	0.43		0.1	MRK
XOM	-0.09	-0.51	-0.05	0.5	-0.49	0.25	0.43	-0.09	0.1		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

CRM	+ 0.73	A
JPM	+ 0.69	T
UBER	+ 0.63	META
CRM	+ 0.63	F
MSFT	+ 0.6	META
CRM	+ 0.6	UBER

High negative correlations

CRM	- 0.6	T
XOM	- 0.51	MSFT
XOM	- 0.49	T
MRK	- 0.42	UBER
T	- 0.42	UBER
JPM	- 0.31	UBER

GAMCO Natural Competition Risk-Adjusted Indicators

There is a big difference between GAMCO Etf performing well and GAMCO Natural ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze GAMCO Natural's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
META	1.34	0.06	0.02	0.07	2.36	(1.33)	2.98	(2.28)	13.78
MSFT	0.88	0.10	0.08	0.12	1.19	(0.90)	1.83	(1.96)	5.60
UBER	1.60	(0.11)	0.00	(0.10)	0.00	0.00	2.99	(2.95)	9.02
F	1.37	(0.01)	(0.01)	0.00	1.91	(1.42)	3.06	(3.59)	10.93
T	0.82	0.11	0.11	0.17	0.81	(0.91)	2.15	(1.37)	4.80
A	1.29	(0.13)	0.00	(0.09)	0.00	0.00	2.33	(2.20)	13.61
CRM	1.49	(0.32)	0.00	(0.28)	0.00	0.00	2.63	(2.87)	23.62
JPM	0.96	0.06	0.04	0.05	1.54	(0.98)	1.94	(1.46)	8.41
MRK	0.71	0.08	0.10	0.16	0.72	(0.80)	2.30	(1.22)	7.59
XOM	0.83	(0.02)	0.00	(0.02)	0.00	0.00	1.50	(1.89)	5.27

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC