Gotham Total Correlations

Mutual Funds . USA . 
Fund . Gotham Total Return
GTRFX Fund  USD 13.53  0.11  0.82%   
The current 90-days correlation between Gotham Total Return and Gotham Neutral Fund is -0.18 (i.e., Good diversification). The correlation of Gotham Total 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 Total Correlation With Market

Very good diversification

The correlation between Gotham Total Return and DJI is -0.23 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gotham Total Return 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 Total Return. 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 census.

Moving together with Gotham Mutual Fund

  0.98GCHDX Gotham Hedged EPairCorr
  0.96GDLFX Gotham Defensive LongPairCorr
  0.99GVALX Gotham Large ValuePairCorr
  0.99GEFPX Gotham Enhanced 500PairCorr
  0.99GENIX Gotham Enhanced ReturnPairCorr
  0.99GINDX Gotham Index PlusPairCorr
  0.99GNNDX Gotham Index PlusPairCorr
  0.86GONIX Gotham NeutralPairCorr
  0.97GARIX Gotham Absolute ReturnPairCorr
  0.99GSPFX Gotham Enhanced SpPairCorr
  0.91NLSCX Neuberger Berman LongPairCorr
  0.91NLSAX Neuberger Berman LongPairCorr
  0.93NLSIX Neuberger Berman LongPairCorr
  0.94QLERX Aqr Long ShortPairCorr
  0.98DHLSX Diamond Hill LongPairCorr
  0.98DIAYX Diamond Hill LongPairCorr
  0.98DIAMX Diamond Hill LongPairCorr
  0.97ASLAX Ab Select LongshortPairCorr
  0.96SMPSX Semiconductor UltrasectorPairCorr
  0.96SMPIX Semiconductor UltrasectorPairCorr
  0.92TREMX T Rowe PricePairCorr
  0.96ONERX One Rock FundPairCorr
  0.93TTEEX T Rowe PricePairCorr
  0.97FIKGX Fidelity Advisor SemPairCorr
  0.97FELIX Fidelity Advisor SemPairCorr
  0.97FSELX Fidelity Select SemiPairCorr
  0.98FELAX Fidelity Advisor SemPairCorr
  0.98FELTX Fidelity Advisor SemPairCorr
  0.96PDIFX Real Estate DebtPairCorr
  0.98PALLX Allianzgi Global AllPairCorr
  0.97VWELX Vanguard WellingtonPairCorr
  0.95TSLCX Transamerica Small CapPairCorr
  0.99QUASX Ab Small CapPairCorr
  0.95GQGPX Gqg Partners EmergPairCorr
  0.73HIPIX The Hartford InflationPairCorr
  0.95NBNAX Neuberger Berman IntPairCorr
  0.96ISWSX Voya Solution IncomePairCorr

Moving against Gotham Mutual Fund

  0.6PWLMX Pimco Rae WorldwidePairCorr
  0.59PWLIX Pimco Rae WorldwidePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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