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 0.53 (i.e., Very weak 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

Poor diversification

The correlation between Gotham Total Return and DJI is 0.75 (i.e., Poor 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

  0.88NLSCX Neuberger Berman LongPairCorr
  0.78NLSAX Neuberger Berman LongPairCorr
  0.9NLSIX Neuberger Berman LongPairCorr
  0.99DHLSX Diamond Hill LongPairCorr
  0.99DIAYX Diamond Hill LongPairCorr
  0.99DIAMX Diamond Hill LongPairCorr
  0.96ASLAX Ab Select LongshortPairCorr
  0.61VFIAX Vanguard 500 IndexPairCorr
  0.61VFINX Vanguard 500 IndexPairCorr
  0.98VGTSX Vanguard Total InterPairCorr
  0.98VTIAX Vanguard Total InterPairCorr
  0.97LEVIX Lazard Equity CentratedPairCorr
  0.63DQIYX Dreyfus Equity IncomePairCorr
  0.99CSRYX Columbia Select LargePairCorr
  0.98FNILX Fidelity Zero LargePairCorr
  0.97FDEGX Fidelity Growth StraPairCorr
  0.97SPSDX Sterling Capital BehPairCorr
  0.94HBLYX Hartford BalancedPairCorr
  0.85ISIAX Voya Strategic IncomePairCorr
  0.92PSHAX Short Term FundPairCorr
  0.95FASCX Franklin K2 AlternativePairCorr
  0.97FFEGX Fidelity Freedom IndexPairCorr
  0.96EMAYX Enterprise Mergers AndPairCorr
  0.95FFFCX Fidelity Freedom 2010PairCorr
  0.94RIVKX American Funds InterPairCorr
  0.95DCEMX Dunham Emerging MarketsPairCorr
  0.94FISVX Fidelity Small CapPairCorr

Moving against Gotham Mutual Fund

  0.48PWLIX Pimco Rae WorldwidePairCorr
  0.48PWLMX 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 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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