Gotham Hedged Correlations

Mutual Funds . USA . 
Fund . Gotham Hedged E
GCHDX Fund  USD 12.49  0.02  0.16%   
The current 90-days correlation between Gotham Hedged E and Gotham Defensive Long is 0.94 (i.e., Almost no diversification). The correlation of Gotham Hedged 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.

Gotham Hedged Correlation With Market

Very poor diversification

The correlation between Gotham Hedged E and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gotham Hedged E and DJI 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 Gotham Hedged E. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with Gotham Mutual Fund

  0.99GDLFX Gotham Defensive LongPairCorr
  0.96GVALX Gotham Large ValuePairCorr
  0.97GEFPX Gotham Enhanced 500PairCorr
  0.98GENIX Gotham Enhanced ReturnPairCorr
  0.97GINDX Gotham Index PlusPairCorr
  0.97GNNDX Gotham Index PlusPairCorr
  0.93GONIX Gotham NeutralPairCorr
  0.99GARIX Gotham Absolute ReturnPairCorr
  0.98GSPFX Gotham Enhanced SpPairCorr
  0.98GTRFX Gotham Total ReturnPairCorr
  0.91NLSCX Neuberger Berman LongPairCorr
  0.92NLSAX Neuberger Berman LongPairCorr
  0.92NLSIX Neuberger Berman LongPairCorr
  0.97QLERX Aqr Long ShortPairCorr
  0.99DHLSX Diamond Hill LongPairCorr
  0.99DIAYX Diamond Hill LongPairCorr
  0.99DIAMX Diamond Hill LongPairCorr
  0.96ASLAX Ab Select LongshortPairCorr
  0.94VWINX Vanguard Wellesley IncomePairCorr
  0.98OAAIX Oppenheimer AggrssvPairCorr
  0.96SMHYX Aim Counselor SeriesPairCorr
  0.98CFWCX Calvert Global WaterPairCorr
  0.96MHYIX Mainstay High YieldPairCorr
  0.92USDIX Ubs Ultra ShortPairCorr
  0.87GOPCX Aberdeen China OpptyPairCorr
  0.97SWCGX Schwab MarkettrackPairCorr
  0.98PPNMX Smallcap GrowthPairCorr
  0.62TRREX T Rowe PricePairCorr
  0.98MAANX Mutual Of AmericaPairCorr
  0.97FSELX Fidelity Select SemiPairCorr
  0.95FMSDX Fidelity Advisor MultiPairCorr

Moving against Gotham Mutual Fund

  0.55PWLMX Pimco Rae WorldwidePairCorr
  0.53PWLIX Pimco Rae WorldwidePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Gotham Mutual Fund performing well and Gotham Hedged Mutual Fund 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 Gotham Hedged'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
GCHDX  0.53  0.08  0.04  0.26  0.27 
(0.64)
 1.16 
(0.90)
 3.74 
GDLFX  0.55  0.07  0.01  0.28  0.32 
(0.67)
 1.41 
(0.96)
 3.71 
GVALX  0.68  0.18  0.04 (1.04) 0.61 
(0.78)
 1.54 
(1.28)
 4.82 
GEFPX  0.65  0.23  0.10 (2.27) 0.51 
(0.74)
 1.50 
(1.34)
 5.22 
GENIX  0.65  0.29  0.17 (1.70) 0.36 
(0.78)
 2.05 
(1.28)
 5.08 
GINDX  0.65  0.25  0.13 (1.86) 0.47 
(0.77)
 1.64 
(1.25)
 5.46 
GNNDX  0.65  0.25  0.13 (1.90) 0.47 
(0.77)
 1.61 
(1.22)
 5.42 
GONIX  0.23  0.03 (0.26) 0.32  0.00 
(0.28)
 0.56 
(0.34)
 1.79 
GARIX  0.42  0.10  0.08  0.32  0.00 
(0.51)
 1.21 
(0.71)
 3.07 
GSPFX  0.64  0.08  0.08  0.22  0.59 
(0.74)
 1.83 
(1.15)
 5.23 

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
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY