Gabelli Equity Trust Fund Market Value
GAB Fund | USD 5.42 0.01 0.18% |
Symbol | Gabelli |
Gabelli Equity '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 Equity'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 Gabelli Equity.
03/25/2023 |
| 03/19/2024 |
If you would invest 0.00 in Gabelli Equity on March 25, 2023 and sell it all today you would earn a total of 0.00 from holding Gabelli Equity Trust or generate 0.0% return on investment in Gabelli Equity over 360 days. Gabelli Equity is related to or competes with State Farm, Pimco Dynamic, Sustainable Equity, Center St, 1290 Doubleline, Aberdeen Income, and Altegris Futures. The Gabelli Equity Trust Inc. is a closed ended equity mutual fund launched by GAMCO Investors, Inc More
Gabelli Equity 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 Equity'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 Gabelli Equity Trust upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 0.9248 | |||
Information Ratio | (0.02) | |||
Maximum Drawdown | 5.19 | |||
Value At Risk | (1.17) | |||
Potential Upside | 1.03 |
Gabelli Equity Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gabelli Equity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gabelli Equity's standard deviation. In reality, there are many statistical measures that can use Gabelli Equity historical prices to predict the future Gabelli Equity's volatility.Risk Adjusted Performance | 0.1003 | |||
Jensen Alpha | 0.0154 | |||
Total Risk Alpha | (0.06) | |||
Sortino Ratio | (0.02) | |||
Treynor Ratio | 0.1543 |
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Gabelli Equity's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Gabelli Equity in the context of predictive analytics.
Gabelli Equity Trust Backtested Returns
We consider Gabelli Equity not too volatile. Gabelli Equity Trust holds Efficiency (Sharpe) Ratio of 0.24, which attests that the entity had 0.24% return per unit of standard deviation over the last 3 months. Our philosophy in determining the volatility of a fund is to use all available market data together with fund-specific technical indicators that cannot be diversified away. We have found twenty-nine technical indicators for Gabelli Equity Trust, which you can use to evaluate the future volatility of the entity. Please check out Gabelli Equity's risk adjusted performance of 0.1003, and Market Risk Adjusted Performance of 0.1643 to validate if the risk estimate we provide is consistent with the expected return of 0.19%. The fund retains a Market Volatility (i.e., Beta) of 0.75, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Gabelli Equity returns are expected to increase less than the market. However, during the bear market, the loss on holding Gabelli Equity will be expected to be smaller as well. Although it is important to respect Gabelli Equity Trust current price history, it is better to be realistic regarding the information on the equity's current price movements.
Auto-correlation | 0.02 |
Virtually no predictability
Gabelli Equity Trust has virtually no predictability. Overlapping area represents the amount of predictability between Gabelli Equity time series from 25th of March 2023 to 21st of September 2023 and 21st of September 2023 to 19th of March 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 Equity Trust price movement. The serial correlation of 0.02 indicates that only 2.0% of current Gabelli Equity price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.02 | |
Spearman Rank Test | 0.0 | |
Residual Average | 0.0 | |
Price Variance | 0.07 |
Gabelli Equity Trust lagged returns against current returns
Autocorrelation, which is Gabelli Equity 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 Gabelli Equity's fund expected returns. We can calculate the autocorrelation of Gabelli Equity returns to help us make a trade decision. For example, suppose you find that Gabelli Equity fund 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 stock movement to match the lagging time series.
Current and Lagged Values |
Timeline |
Gabelli Equity 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 Equity fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gabelli Equity fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gabelli Equity fund over time.
Current vs Lagged Prices |
Timeline |
Gabelli Equity Lagged Returns
When evaluating Gabelli Equity's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gabelli Equity fund have on its future price. Gabelli Equity 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 Equity autocorrelation shows the relationship between Gabelli Equity fund current value and its past values and can show if there is a momentum factor associated with investing in Gabelli Equity Trust.
Regressed Prices |
Timeline |
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Try AI Portfolio ArchitectCheck out Gabelli Equity Correlation, Gabelli Equity Volatility and Gabelli Equity Alpha and Beta module to complement your research on Gabelli Equity. Note that the Gabelli Equity Trust information on this page should be used as a complementary analysis to other Gabelli Equity'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 Share Portfolio module to track or share privately all of your investments from the convenience of any device.
Complementary Tools for Gabelli Fund analysis
When running Gabelli Equity's price analysis, check to measure Gabelli Equity'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 Equity is operating at the current time. Most of Gabelli Equity's value examination focuses on studying past and present price action to predict the probability of Gabelli Equity'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 Equity's price. Additionally, you may evaluate how the addition of Gabelli Equity to your portfolios can decrease your overall portfolio volatility.
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