Gotham Enhanced Correlations

Mutual Funds . USA . 
Fund . Gotham Enhanced 500
GEFPX Fund  USD 14.66  0.04  0.27%   
The current 90-days correlation between Gotham Enhanced 500 and Franklin Adjustable Government is -0.06 (i.e., Good diversification). The correlation of Gotham Enhanced 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 Enhanced Correlation With Market

Good diversification

The correlation between Gotham Enhanced 500 and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gotham Enhanced 500 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 Enhanced 500. 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 american community survey.

Moving together with Gotham Mutual Fund

  0.97GCHDX Gotham Hedged EPairCorr
  0.96GDLFX Gotham Defensive LongPairCorr
  0.99GVALX Gotham Large ValuePairCorr
  0.99GENIX Gotham Enhanced ReturnPairCorr
  1.0GINDX Gotham Index PlusPairCorr
  1.0GNNDX Gotham Index PlusPairCorr
  0.87GONIX Gotham NeutralPairCorr
  0.97GARIX Gotham Absolute ReturnPairCorr
  0.98GSPFX Gotham Enhanced SpPairCorr
  0.99GTRFX Gotham Total ReturnPairCorr
  0.97VVIAX Vanguard Value IndexPairCorr
  0.97DOXGX Dodge Cox StockPairCorr
  0.98AFMFX American MutualPairCorr
  0.98FFMMX American Funds AmericanPairCorr
  0.98FFFMX American Funds AmericanPairCorr
  0.99AMRMX American MutualPairCorr
  0.99AMFFX American MutualPairCorr
  0.99AMFCX American MutualPairCorr
  0.99DODGX Dodge Stock FundPairCorr
  0.97VIVAX Vanguard Value IndexPairCorr
  0.98HNCAX Hartford InternationalPairCorr
  0.93MGQAX Global Quality PortfolioPairCorr
  0.95PRFSX T Rowe PricePairCorr
  0.97RRTBX Trowe Price RetirementPairCorr
  0.61AIRIX Horizon Active IncomePairCorr
  0.93QLEIX Aqr Long ShortPairCorr
  0.96SAGCX Clearbridge AggressivePairCorr
  0.98UINQX Usaa Nasdaq 100PairCorr
  0.97RPIDX T Rowe PricePairCorr
  0.98GTENX Gateway Fund ClassPairCorr
  0.99ISNHX Voya Solution 2030PairCorr
  0.68FSIGX Fidelity Series InvePairCorr

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 Enhanced 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 Enhanced'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.

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