Gotham Short Correlations

Summary

GSSFXDelisted Fund

USD 7.74 0.00 0.00%

The current 90-days correlation between Gotham Short Strategies and Ab Bond Inflation is 0.13 (i.e., Average diversification). The correlation of Gotham Short 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 Short Correlation With Market

Good diversification

The correlation between Gotham Short Strategies and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gotham Short Strategies 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. 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 against Gotham Mutual Fund

0.7	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.53	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.5	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.44	WMT	Walmart Aggressive Push	Pair Corr
0.39	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.35	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr

Related Correlations Analysis

	ABNTX	FIFGX	FIBLX	HIPAX	BPRIX	LIFFX	ABNCX	MFTFX
ABNTX		0.13	0.93	0.96	0.93	0.5	0.99	0.6	ABNTX
FIFGX	0.13		0.08	-0.01	-0.02	0.55	0.05	-0.37	FIFGX
FIBLX	0.93	0.08		0.95	0.94	0.33	0.96	0.59	FIBLX
HIPAX	0.96	-0.01	0.95		0.98	0.28	0.99	0.7	HIPAX
BPRIX	0.93	-0.02	0.94	0.98		0.25	0.96	0.66	BPRIX
LIFFX	0.5	0.55	0.33	0.28	0.25		0.4	-0.14	LIFFX
ABNCX	0.99	0.05	0.96	0.99	0.96	0.4		0.67	ABNCX
MFTFX	0.6	-0.37	0.59	0.7	0.66	-0.14	0.67		MFTFX
	ABNTX	FIFGX	FIBLX	HIPAX	BPRIX	LIFFX	ABNCX	MFTFX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

ABNCX	+ 0.99	ABNTX
ABNCX	+ 0.99	HIPAX
BPRIX	+ 0.98	HIPAX
HIPAX	+ 0.96	ABNTX
ABNCX	+ 0.96	FIBLX
ABNCX	+ 0.96	BPRIX

High negative correlations

MFTFX	- 0.37	FIFGX
MFTFX	- 0.14	LIFFX
BPRIX	- 0.02	FIFGX
HIPAX	- 0.01	FIFGX

Risk-Adjusted Indicators

There is a big difference between Gotham Mutual Fund performing well and Gotham Short 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 Short'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
ABNTX	0.14	(0.01)	0.00	(0.83)	0.00	0.00	0.29	(0.30)	0.88
FIFGX	0.92	(0.01)	0.00	0.23	0.00	0.00	1.72	(1.98)	4.96
FIBLX	0.20	(0.02)	0.00	(0.38)	0.00	0.00	0.32	(0.43)	1.26
HIPAX	0.16	(0.02)	0.00	5.84	0.00	0.00	0.30	(0.30)	1.08
BPRIX	0.20	(0.03)	0.00	(2.28)	0.00	0.00	0.40	(0.51)	1.11
LIFFX	0.12	0.00	(0.77)	0.01	0.07	(0.18)	0.34	(0.17)	0.77
ABNCX	0.13	(0.02)	0.00	(0.79)	0.00	0.00	0.20	(0.30)	0.89
MFTFX	0.97	(0.15)	0.00	(0.08)	0.00	0.00	1.70	(1.95)	5.42

Gotham Short Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Gotham Short mutual fund to make a market-neutral strategy. Peer analysis of Gotham Short could also be used in its relative valuation, which is a method of valuing Gotham Short by comparing valuation metrics with similar companies.

Ab Bond Inflation Fidelity Sai Inflationfocused American Funds Inflation The Hartford Inflation Blackrock Inflation Protected Lord Abbett Inflation Ab Bond Inflation Arrow Managed Futures American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp

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Still Interested in Gotham Short Strategies?

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