Gotham Total Correlations
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.
Gotham |
Moving together with Gotham Mutual Fund
0.88 | NLSCX | Neuberger Berman Long | PairCorr |
0.78 | NLSAX | Neuberger Berman Long | PairCorr |
0.9 | NLSIX | Neuberger Berman Long | PairCorr |
0.99 | DHLSX | Diamond Hill Long | PairCorr |
0.99 | DIAYX | Diamond Hill Long | PairCorr |
0.99 | DIAMX | Diamond Hill Long | PairCorr |
0.96 | ASLAX | Ab Select Longshort | PairCorr |
0.61 | VFIAX | Vanguard 500 Index | PairCorr |
0.61 | VFINX | Vanguard 500 Index | PairCorr |
0.98 | VGTSX | Vanguard Total Inter | PairCorr |
0.98 | VTIAX | Vanguard Total Inter | PairCorr |
0.97 | LEVIX | Lazard Equity Centrated | PairCorr |
0.63 | DQIYX | Dreyfus Equity Income | PairCorr |
0.99 | CSRYX | Columbia Select Large | PairCorr |
0.98 | FNILX | Fidelity Zero Large | PairCorr |
0.97 | FDEGX | Fidelity Growth Stra | PairCorr |
0.97 | SPSDX | Sterling Capital Beh | PairCorr |
0.94 | HBLYX | Hartford Balanced | PairCorr |
0.85 | ISIAX | Voya Strategic Income | PairCorr |
0.92 | PSHAX | Short Term Fund | PairCorr |
0.95 | FASCX | Franklin K2 Alternative | PairCorr |
0.97 | FFEGX | Fidelity Freedom Index | PairCorr |
0.96 | EMAYX | Enterprise Mergers And | PairCorr |
0.95 | FFFCX | Fidelity Freedom 2010 | PairCorr |
0.94 | RIVKX | American Funds Inter | PairCorr |
0.95 | DCEMX | Dunham Emerging Markets | PairCorr |
0.94 | FISVX | Fidelity Small Cap | PairCorr |
Moving against Gotham Mutual Fund
Related Correlations Analysis
0.78 | 0.9 | 0.73 | 0.88 | GONIX | ||
0.78 | 0.97 | 0.98 | 0.98 | GINDX | ||
0.9 | 0.97 | 0.94 | 1.0 | GARIX | ||
0.73 | 0.98 | 0.94 | 0.96 | GVALX | ||
0.88 | 0.98 | 1.0 | 0.96 | GENIX | ||
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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.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
GONIX | 0.23 | 0.02 | (0.54) | 0.32 | 0.10 | 0.54 | 1.79 | |||
GINDX | 0.54 | 0.09 | 0.03 | 0.35 | 0.00 | 1.27 | 5.46 | |||
GARIX | 0.36 | 0.08 | (0.15) | 0.42 | 0.00 | 0.95 | 3.07 | |||
GVALX | 0.61 | 0.00 | (0.09) | 0.21 | 0.49 | 1.36 | 4.82 | |||
GENIX | 0.53 | 0.09 | 0.02 | 0.36 | 0.00 | 1.53 | 5.08 |