Gotham Index Plus Fund Market Value
| GNNDX Fund | USD 29.29 0.20 0.69% |
| Symbol | Gotham |
Gotham Index '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 Index'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 Index.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Gotham Index on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Gotham Index Plus or generate 0.0% return on investment in Gotham Index over 180 days. Gotham Index is related to or competes with Gotham Index, Doubleline Shiller, Gotham Enhanced, Artisan Developing, and Alpha Architect. The fund invests in long and short positions of equity and equity-related securities More
Gotham Index 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 Index'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 Index Plus upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8456 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 3.83 | |||
| Value At Risk | (0.97) | |||
| Potential Upside | 1.17 |
Gotham Index Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gotham Index's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gotham Index's standard deviation. In reality, there are many statistical measures that can use Gotham Index historical prices to predict the future Gotham Index's volatility.| Risk Adjusted Performance | 0.1199 | |||
| Jensen Alpha | 0.0066 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.1353 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Gotham Index'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 Index Plus Backtested Returns
At this stage we consider Gotham Mutual Fund to be very steady. Gotham Index Plus holds Efficiency (Sharpe) Ratio of 0.19, which attests that the entity had a 0.19% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Gotham Index Plus, which you can use to evaluate the volatility of the entity. Please check out Gotham Index's Risk Adjusted Performance of 0.1199, market risk adjusted performance of 0.1453, and Downside Deviation of 0.8456 to validate if the risk estimate we provide is consistent with the expected return of 0.15%. The fund retains a Market Volatility (i.e., Beta) of 0.86, which attests to possible diversification benefits within a given portfolio. Gotham Index returns are very sensitive to returns on the market. As the market goes up or down, Gotham Index is expected to follow.
Auto-correlation | 0.67 |
Good predictability
Gotham Index Plus has good predictability. Overlapping area represents the amount of predictability between Gotham Index time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th of November 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 Index Plus price movement. The serial correlation of 0.67 indicates that around 67.0% of current Gotham Index price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.78 |
Gotham Index Plus lagged returns against current returns
Autocorrelation, which is Gotham Index 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 Index's mutual fund expected returns. We can calculate the autocorrelation of Gotham Index returns to help us make a trade decision. For example, suppose you find that Gotham Index 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 Index 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 Index mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gotham Index 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 Index mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Gotham Index Lagged Returns
When evaluating Gotham Index's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gotham Index mutual fund have on its future price. Gotham Index 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 Index autocorrelation shows the relationship between Gotham Index mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Gotham Index Plus.
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 Index 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 Index security.
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