Gotham Neutral Fund Market Value
| GONIX Fund | USD 14.16 0.06 0.42% |
| Symbol | Gotham |
Gotham Neutral '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 Neutral'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 Neutral.
| 02/28/2023 |
| 02/17/2025 |
If you would invest 0.00 in Gotham Neutral on February 28, 2023 and sell it all today you would earn a total of 0.00 from holding Gotham Neutral Fund or generate 0.0% return on investment in Gotham Neutral over 720 days. Gotham Neutral is related to or competes with Artisan Select, Enhanced Fixed, Aqr Long-short, Qs Global, Dreyfus/standish, and Pioneer Core. The fund seeks to achieve its investment objective by investing under normal circumstances in long and short positions o... More
Gotham Neutral 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 Neutral'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 Neutral Fund upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 1.54 | |||
| Value At Risk | (0.42) | |||
| Potential Upside | 0.4895 |
Gotham Neutral Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gotham Neutral's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gotham Neutral's standard deviation. In reality, there are many statistical measures that can use Gotham Neutral historical prices to predict the future Gotham Neutral's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.02) | |||
| Treynor Ratio | (0.16) |
Gotham Neutral Backtested Returns
Gotham Neutral holds Efficiency (Sharpe) Ratio of -0.0499, which attests that the entity had a -0.0499 % return per unit of risk over the last 3 months. Gotham Neutral exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Gotham Neutral's Risk Adjusted Performance of (0.05), standard deviation of 0.2812, and Market Risk Adjusted Performance of (0.15) to validate the risk estimate we provide. The fund retains a Market Volatility (i.e., Beta) of 0.15, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Gotham Neutral's returns are expected to increase less than the market. However, during the bear market, the loss of holding Gotham Neutral is expected to be smaller as well.
Auto-correlation | 0.88 |
Very good predictability
Gotham Neutral Fund has very good predictability. Overlapping area represents the amount of predictability between Gotham Neutral time series from 28th of February 2023 to 23rd of February 2024 and 23rd of February 2024 to 17th of February 2025. 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 Neutral price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current Gotham Neutral price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.88 | |
| Spearman Rank Test | 0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 0.28 |
Gotham Neutral lagged returns against current returns
Autocorrelation, which is Gotham Neutral 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 Neutral's mutual fund expected returns. We can calculate the autocorrelation of Gotham Neutral returns to help us make a trade decision. For example, suppose you find that Gotham Neutral 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 Neutral 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 Neutral mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gotham Neutral 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 Neutral mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Gotham Neutral Lagged Returns
When evaluating Gotham Neutral's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gotham Neutral mutual fund have on its future price. Gotham Neutral 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 Neutral autocorrelation shows the relationship between Gotham Neutral mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Gotham Neutral Fund.
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 Neutral 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 Neutral security.
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| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| Volatility Analysis Get historical volatility and risk analysis based on latest market data |