Gotham Absolute Return Fund Price on September 26, 2024
| GARIX Fund | USD 24.08 0.24 0.99% |
Below is the normalized historical share price chart for Gotham Absolute Return extending back to September 04, 2012. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Gotham Absolute stands at 24.08, as last reported on the 28th of November, with the highest price reaching 24.08 and the lowest price hitting 24.08 during the day.
If you're considering investing in Gotham Mutual Fund, it is important to understand the factors that can impact its price. At this stage we consider Gotham Mutual Fund to be very steady. Gotham Absolute Return holds Efficiency (Sharpe) Ratio of 0.0949, which attests that the entity had a 0.0949% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Gotham Absolute Return, which you can use to evaluate the volatility of the entity. Please check out Gotham Absolute's Risk Adjusted Performance of 0.0731, market risk adjusted performance of 0.1033, and Downside Deviation of 0.5145 to validate if the risk estimate we provide is consistent with the expected return of 0.0474%.
Gotham Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Gotham |
Sharpe Ratio = 0.0949
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | GARIX |
Estimated Market Risk
| 0.5 actual daily | 4 96% of assets are more volatile |
Expected Return
| 0.05 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.09 actual daily | 7 93% of assets perform better |
Based on monthly moving average Gotham Absolute is performing at about 7% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Gotham Absolute by adding it to a well-diversified portfolio.
Gotham Absolute Valuation on September 26, 2024
It is possible to determine the worth of Gotham Absolute on a given historical date. On September 26, 2024 Gotham was worth 24.01 at the beginning of the trading date compared to the closed value of 24.01. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Gotham Absolute mutual fund. Still, in general, we apply an absolute valuation method to find Gotham Absolute's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Gotham Absolute where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Gotham Absolute's related companies.
| Open | High | Low | Close | Volume | |
| 23.89 | 23.89 | 23.89 | 23.89 | 1.00 | |
09/26/2024 | 24.01 | 24.01 | 24.01 | 24.01 | 1.00 |
| 23.95 | 23.95 | 23.95 | 23.95 | 1.00 |
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Gotham Absolute Trading Date Momentum on September 26, 2024
| On September 27 2024 Gotham Absolute Return was traded for 23.95 at the closing time. The highest daily price throughout the period was 23.95 and the lowest price was 23.95 . There was no trading activity during the period 1.0. Lack of trading volume on 09/27/2024 added to the next day price reduction. The overall trading delta to closing price of the next trading day was 0.25% . The overall trading delta to current closing price is 0.17% . |
Gotham Absolute Return Fundamentals Correlations and Trends
By evaluating Gotham Absolute's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Gotham Absolute's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Gotham financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Gotham Absolute Mutual Fund history
Gotham Absolute investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Gotham is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Gotham Absolute Return will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Gotham Absolute stock prices may prove useful in developing a viable investing in Gotham Absolute
The fund seeks to achieve its investment objective by investing under normal circumstances in long and short positions of equity and equity-related securities, primarily companies traded on U.S. markets. It generally takes long positions in securities that the Adviser believes to be undervalued and short positions in securities that the Adviser believes to be overvalued, based on the Advisers analysis of the issuers financial reports and market valuation.
Gotham Absolute Mutual Fund Technical Analysis
Gotham Absolute technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
Price Boundaries
Gotham Absolute Period Price Range
Low | November 28, 2024
| High |
0.00 | 0.00 |
Gotham Absolute Return cannot be verified against its exchange. Please verify the symbol is currently traded on NMFQS Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Gotham Absolute November 28, 2024 Market Strength
Market strength indicators help investors to evaluate how Gotham Absolute mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Gotham Absolute shares will generate the highest return on investment. By undertsting and applying Gotham Absolute mutual fund market strength indicators, traders can identify Gotham Absolute Return entry and exit signals to maximize returns
Gotham Absolute Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Gotham Absolute's price direction in advance. Along with the technical and fundamental analysis of Gotham Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Gotham to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0731 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.14) | |||
| Treynor Ratio | 0.0933 |
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| Volume Indicators |
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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