Gotham Large Correlations

Mutual Funds . USA . 
Fund . Gotham Large Value
GVALX Fund  USD 14.77  0.08  0.54%   
The current 90-days correlation between Gotham Large Value and Gotham Index Plus is -0.13 (i.e., Good diversification). The correlation of Gotham Large 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 Large Correlation With Market

Good diversification

The correlation between Gotham Large Value and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gotham Large Value 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 Large Value. 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 bureau of economic analysis.

Moving together with Gotham Mutual Fund

  0.79GCHDX Gotham Hedged EPairCorr
  0.79GDLFX Gotham Defensive LongPairCorr
  0.69GEFPX Gotham Enhanced 500PairCorr
  0.71GENIX Gotham Enhanced ReturnPairCorr
  0.68GINDX Gotham Index PlusPairCorr
  0.68GNNDX Gotham Index PlusPairCorr
  0.74GONIX Gotham NeutralPairCorr
  0.77GARIX Gotham Absolute ReturnPairCorr
  0.97GSPFX Gotham Enhanced SpPairCorr
  0.97GTRFX Gotham Total ReturnPairCorr
  0.96VVIAX Vanguard Value IndexPairCorr
  0.97DOXGX Dodge Cox StockPairCorr
  0.97AFMFX American MutualPairCorr
  0.97FFMMX American Funds AmericanPairCorr
  0.97FFFMX American Funds AmericanPairCorr
  0.99AMRMX American MutualPairCorr
  0.98AMFFX American MutualPairCorr
  0.99AMFCX American MutualPairCorr
  0.99DODGX Dodge Stock FundPairCorr
  0.96VIVAX Vanguard Value IndexPairCorr
  0.93PFN Pimco Income StrategyPairCorr
  0.93CIF Mfs Intermediate HighPairCorr
  0.68NXJ Nuveen New JerseyPairCorr
  0.92PCF Putnam High IncomePairCorr
  0.99MITTX Massachusetts InvestorsPairCorr
  0.99MIGFX Massachusetts InvestorsPairCorr
  0.99WLCAX Wells Fargo LargePairCorr
  0.97PWTYX Ubs AllocationPairCorr
  0.96FSDIX Fidelity StrategicPairCorr
  0.94DIMIX Dreyfus Short IntermPairCorr
  0.64VFFIX Victory IncorePairCorr
  0.94AMTOX Ab All MarketPairCorr
  0.72SENYX Stet New YorkPairCorr

Moving against Gotham Mutual Fund

  0.43XDSMX Dreyfus StrategicPairCorr
  0.41XNBHX Neuberger Berman IntPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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