Gotham Index Correlations

Mutual Funds USA . 
Fund . Gotham Index Plus
GINDX Fund  USD 30.10  0.05  0.17%   
The current 90-days correlation between Gotham Index Plus and Gotham Enhanced Return is 0.96 (i.e., Almost no diversification). The correlation of Gotham Index 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 Index Correlation With Market

Almost no diversification

The correlation between Gotham Index Plus and DJI is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gotham Index Plus 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 Index Plus. 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

  0.98GCHDX Gotham Hedged EPairCorr
  0.97GDLFX Gotham Defensive LongPairCorr
  0.99GVALX Gotham Large ValuePairCorr
  1.0GEFPX Gotham Enhanced 500PairCorr
  0.99GENIX Gotham Enhanced ReturnPairCorr
  1.0GNNDX Gotham Index PlusPairCorr
  0.89GONIX Gotham NeutralPairCorr
  0.98GARIX Gotham Absolute ReturnPairCorr
  1.0GSPFX Gotham Enhanced SpPairCorr
  0.98GTRFX Gotham Total ReturnPairCorr
  1.0VTSAX Vanguard Total StockPairCorr
  1.0VFIAX Vanguard 500 IndexPairCorr
  1.0VTSMX Vanguard Total StockPairCorr
  1.0VITSX Vanguard Total StockPairCorr
  1.0VSMPX Vanguard Total StockPairCorr
  1.0VSTSX Vanguard Total StockPairCorr
  1.0VFINX Vanguard 500 IndexPairCorr
  1.0VFFSX Vanguard 500 IndexPairCorr
  1.0VINIX Vanguard InstitutionalPairCorr
  1.0VIIIX Vanguard InstitutionalPairCorr
  0.98VGTSX Vanguard Total InterPairCorr
  0.98VTIAX Vanguard Total InterPairCorr
  0.98OAYGX Oakmark GlobalPairCorr
  0.99HDCAX Rational Dividend CapturePairCorr
  0.99FSBCX Federated Global AllPairCorr
  0.93ETAEX Eventide ExponentialPairCorr
  0.96APHKX Artisan InternationalPairCorr
  0.98FRIEX Federated Hermes EmergingPairCorr
  0.98ETFRX Stadion Tactical DefPairCorr
  1.0WFSPX Blackrock Sp 500PairCorr
  0.99SSCDX Sit Small CapPairCorr
  0.99LPCNX Blackrock LifepathPairCorr
  0.78CFSTX Short TermPairCorr
  0.87RTSGX Transamerica Small CapPairCorr
  0.99VPMCX Vanguard PrimecapPairCorr
  0.72FLDBX Franklin Long DurationPairCorr
  0.97FHKAX Fidelity China Region Steady GrowthPairCorr
  0.96RITCX American High IncomePairCorr
  0.95LINPX Lord Abbett InternationalPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Gotham Mutual Fund performing well and Gotham Index 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 Index'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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