Gotham Total Correlations

Mutual Funds . USA . 
Fund . Gotham Total Return
GTRFX Fund  USD 14.78  0.04  0.27%   
The current 90-days correlation between Gotham Total Return and Gotham Neutral Fund is 0.28 (i.e., Modest 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

Very poor diversification

The correlation between Gotham Total Return and DJI is 0.85 (i.e., Very 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

  0.98GCHDX Gotham Hedged EPairCorr
  0.88GDLFX Gotham Defensive LongPairCorr
  0.99GVALX Gotham Large ValuePairCorr
  0.97GEFPX Gotham Enhanced 500PairCorr
  0.95GENIX Gotham Enhanced ReturnPairCorr
  0.97GINDX Gotham Index PlusPairCorr
  0.97GNNDX Gotham Index PlusPairCorr
  0.64GONIX Gotham NeutralPairCorr
  0.89GARIX Gotham Absolute ReturnPairCorr
  0.97GSPFX Gotham Enhanced SpPairCorr
  0.96NLSCX Neuberger Berman LongPairCorr
  0.96NLSAX Neuberger Berman LongPairCorr
  0.96NLSIX Neuberger Berman LongPairCorr
  0.8QLERX Aqr Long ShortPairCorr
  0.96ASLAX Ab Select LongshortPairCorr
  0.84KMKCX Kinetics Market Oppo Steady GrowthPairCorr
  0.86KSCYX Kinetics Small Cap Steady GrowthPairCorr
  0.84WWNPX Kinetics Paradigm Steady GrowthPairCorr
  0.61LETRX Voya Russia FundPairCorr
  0.84KNPCX Kinetics Paradigm Steady GrowthPairCorr
  0.85KNPAX Kinetics Paradigm Steady GrowthPairCorr
  0.86KSOCX Kinetics Small Cap Steady GrowthPairCorr
  0.82KINCX Kinetics InternetPairCorr
  0.86KSCOX Kinetics Small Cap Steady GrowthPairCorr
  0.85LSHUX Horizon Spin Off Steady GrowthPairCorr
  0.95JILGX Multimanager LifestylePairCorr
  0.97TRLCX Tiaa-cref Large-capPairCorr
  0.67PHYZX Prudential High YieldPairCorr
  0.87WWLAX Westwood Largecap ValuePairCorr
  0.97VMIDX Mid Cap IndexPairCorr
  0.77PARAX T Rowe PricePairCorr

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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