Gamco Global Fund Quote
| GGN Fund | USD 4.02 0.02 0.50% |
Performance17 of 100
| Odds Of DistressLess than 18
|
Gamco Global is selling at 4.02 as of the 24th of April 2024; that is -0.5 percent decrease since the beginning of the trading day. The fund's open price was 4.04. Gamco Global has less than a 18 % chance of experiencing some financial distress in the next two years of operation and had a solid performance during the last 90 days. Equity ratings for Gamco Global are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 26th of November 2023 and ending today, the 24th of April 2024. Click here to learn more.
GAMCO Global Gold, Natural Resources Income Trust is a closed ended equity mutual fund launched by GAMCO Investors, Inc. GAMCO Global Gold, Natural Resources Income Trust was formed on January 4, 2005 and is domiciled in United States. Gamco Global operates under Asset Management classification in the United States and is traded on NYSEMKT Exchange.. The company has 154.04 M outstanding shares of which 179.08 K shares are currently shorted by investors with about 0.32 days to cover. More on Gamco Global
Moving together with Gamco Fund
| 0.91 | PEO | Adams Natural Resources | PairCorr |
| 0.84 | CRF | Cornerstone Strategic | PairCorr |
| 0.81 | CLM | Cornerstone Strategic | PairCorr |
| 0.71 | ZTR | Virtus Global Dividend | PairCorr |
| 0.76 | NTG | Tortoise Mlp Closed | PairCorr |
Moving against Gamco Fund
| 0.83 | INTC | Intel Earnings Call Tomorrow | PairCorr |
| 0.48 | PCQ | Pimco California Mun | PairCorr |
Gamco Fund Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Gamco Global's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Gamco Global or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| President | Bruce Alpert |
| Old Name | Goldcorp Inc |
| Fund Concentration | Natural Resources Funds, Asset Management, Financial Services (View all Sectors) |
| Update Date | 31st of March 2024 |
Gamco Global [GGN] is traded in USA and was established 24th of April 2024. The fund is not classified under any group at the present time. Gamco Global currently has in assets under management (AUM) with no minimum investment requirementsThe fund is currently generating return of 6.05% with the current yeild of 0.01%, while the total return for the last 3 years was 9.63%.
Check Gamco Global Probability Of Bankruptcy
Gamco Global Target Price Odds Analysis
Contingent on a normal probability distribution, the odds of Gamco Global jumping above the current price in 90 days from now is about 5.48%. The Gamco Global probability density function shows the probability of Gamco Global fund to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon Gamco Global has a beta of 0.1408. This usually indicates as returns on the market go up, Gamco Global average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Gamco Global will be expected to be much smaller as well. Additionally, gamco Global has an alpha of 0.1553, implying that it can generate a 0.16 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Gamco Global to move above the current price in 90 days from now is about 5.48 (This Gamco Global probability density function shows the probability of Gamco Fund to fall within a particular range of prices over 90 days) .
Gamco Global Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Gamco Global market risk premium is the additional return an investor will receive from holding Gamco Global long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Gamco Global. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Gamco Global's alpha and beta are two of the key measurements used to evaluate Gamco Global's performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | 0.1571 | |||
| Jensen Alpha | 0.1553 | |||
| Total Risk Alpha | 0.0703 | |||
| Sortino Ratio | 0.0956 |
Gamco Global Against Markets
Picking the right benchmark for Gamco Global fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Gamco Global fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Gamco Global is critical whether you are bullish or bearish towards Gamco Global at a given time. Please also check how Gamco Global's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Gamco Global without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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| All Next | Launch Module |
How to buy Gamco Fund?
Before investing in Gamco Global, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Gamco Global. To buy Gamco Global fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Gamco Global. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Gamco Global fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Gamco Global fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Gamco Global fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as Gamco Global, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Gamco Global?
The danger of trading Gamco Global is mainly related to its market volatility and Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Gamco Global is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Gamco Global. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Gamco Global is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gamco Global. Also, note that the market value of any fund could be tightly coupled with the direction of predictive economic indicators such as signals in price. Note that the Gamco Global information on this page should be used as a complementary analysis to other Gamco Global'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 Volatility Analysis module to get historical volatility and risk analysis based on latest market data.