Gotham Absolute Return Fund Market Value
| GARIX Fund | USD 21.55 0.05 0.23% |
| Symbol | Gotham |
Gotham Absolute 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Gotham Absolute's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Gotham Absolute.
| 04/22/2025 |
| 07/21/2025 |
If you would invest 0.00 in Gotham Absolute on April 22, 2025 and sell it all today you would earn a total of 0.00 from holding Gotham Absolute Return or generate 0.0% return on investment in Gotham Absolute over 90 days. Gotham Absolute is related to or competes with Red Oak, Mfs Technology, Technology Ultrasector, Columbia Global, Icon Information, Goldman Sachs, and Science Technology. The fund seeks to achieve its investment objective by investing under normal circumstances in long and short positions o... More
Gotham Absolute Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Gotham Absolute's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Gotham Absolute Return upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5156 | |||
| Information Ratio | 0.0688 | |||
| Maximum Drawdown | 3.07 | |||
| Value At Risk | (0.71) | |||
| Potential Upside | 1.21 |
Gotham Absolute Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gotham Absolute's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gotham Absolute's standard deviation. In reality, there are many statistical measures that can use Gotham Absolute historical prices to predict the future Gotham Absolute's volatility.| Risk Adjusted Performance | 0.2801 | |||
| Jensen Alpha | 0.1013 | |||
| Total Risk Alpha | 0.0885 | |||
| Sortino Ratio | 0.0791 | |||
| Treynor Ratio | 0.3195 |
Gotham Absolute Return Backtested Returns
Gotham Absolute appears to be very steady, given 3 months investment horizon. Gotham Absolute Return holds Efficiency (Sharpe) Ratio of 0.39, which attests that the entity had a 0.39 % return per unit of risk over the last 3 months. We have found twenty-six technical indicators for Gotham Absolute Return, which you can use to evaluate the volatility of the entity. Please utilize Gotham Absolute's Market Risk Adjusted Performance of 0.3295, coefficient of variation of 326.71, and Risk Adjusted Performance of 0.2801 to validate if our risk estimates are consistent with your expectations. The fund retains a Market Volatility (i.e., Beta) of 0.54, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Gotham Absolute's returns are expected to increase less than the market. However, during the bear market, the loss of holding Gotham Absolute is expected to be smaller as well.
Auto-correlation | 0.82 |
Very good predictability
Gotham Absolute Return has very good predictability. Overlapping area represents the amount of predictability between Gotham Absolute time series from 22nd of April 2025 to 6th of June 2025 and 6th of June 2025 to 21st of July 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Gotham Absolute Return price movement. The serial correlation of 0.82 indicates that around 82.0% of current Gotham Absolute price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.82 | |
| Spearman Rank Test | 0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Gotham Absolute Return lagged returns against current returns
Autocorrelation, which is Gotham Absolute mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Gotham Absolute's mutual fund expected returns. We can calculate the autocorrelation of Gotham Absolute returns to help us make a trade decision. For example, suppose you find that Gotham Absolute has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Gotham Absolute regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Gotham Absolute mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gotham Absolute mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gotham Absolute mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Gotham Absolute Lagged Returns
When evaluating Gotham Absolute's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gotham Absolute mutual fund have on its future price. Gotham Absolute autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Gotham Absolute autocorrelation shows the relationship between Gotham Absolute mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Gotham Absolute Return.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Gotham Mutual Fund
Gotham Absolute financial ratios help investors to determine whether Gotham Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Gotham with respect to the benefits of owning Gotham Absolute security.
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