Gotham Hedged E Fund Market Value
| GCHDX Fund | USD 13.84 0.08 0.58% |
| Symbol | Gotham |
Gotham Hedged '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 Hedged'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 Hedged.
| 06/10/2023 |
| 12/01/2024 |
If you would invest 0.00 in Gotham Hedged on June 10, 2023 and sell it all today you would earn a total of 0.00 from holding Gotham Hedged E or generate 0.0% return on investment in Gotham Hedged over 540 days. Gotham Hedged is related to or competes with Gotham Defensive, Gotham Large, Gotham Enhanced, Gotham Enhanced, Gotham Index, Gotham Index, and Gotham Neutral. The fund seeks to achieve its investment objective by investing under normal circumstances in long and short positions o... More
Gotham Hedged 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 Hedged'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 Hedged E upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6534 | |||
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 3.33 | |||
| Value At Risk | (0.98) | |||
| Potential Upside | 0.9797 |
Gotham Hedged Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gotham Hedged's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gotham Hedged's standard deviation. In reality, there are many statistical measures that can use Gotham Hedged historical prices to predict the future Gotham Hedged's volatility.| Risk Adjusted Performance | 0.0894 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | 0.102 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Gotham Hedged's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Gotham Hedged E Backtested Returns
At this stage we consider Gotham Mutual Fund to be very steady. Gotham Hedged E holds Efficiency (Sharpe) Ratio of 0.12, which attests that the entity had a 0.12% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Gotham Hedged E, which you can use to evaluate the volatility of the entity. Please check out Gotham Hedged's Risk Adjusted Performance of 0.0894, market risk adjusted performance of 0.112, and Downside Deviation of 0.6534 to validate if the risk estimate we provide is consistent with the expected return of 0.0783%. The fund retains a Market Volatility (i.e., Beta) of 0.66, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Gotham Hedged's returns are expected to increase less than the market. However, during the bear market, the loss of holding Gotham Hedged is expected to be smaller as well.
Auto-correlation | 0.87 |
Very good predictability
Gotham Hedged E has very good predictability. Overlapping area represents the amount of predictability between Gotham Hedged time series from 10th of June 2023 to 6th of March 2024 and 6th of March 2024 to 1st of December 2024. 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 Hedged E price movement. The serial correlation of 0.87 indicates that approximately 87.0% of current Gotham Hedged price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.87 | |
| Spearman Rank Test | 0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 0.28 |
Gotham Hedged E lagged returns against current returns
Autocorrelation, which is Gotham Hedged 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 Hedged's mutual fund expected returns. We can calculate the autocorrelation of Gotham Hedged returns to help us make a trade decision. For example, suppose you find that Gotham Hedged 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 Hedged 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 Hedged mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gotham Hedged 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 Hedged mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Gotham Hedged Lagged Returns
When evaluating Gotham Hedged's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gotham Hedged mutual fund have on its future price. Gotham Hedged 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 Hedged autocorrelation shows the relationship between Gotham Hedged mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Gotham Hedged E.
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 Hedged 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 Hedged security.
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