Gotham Enhanced Correlations
| GEFPX Fund | USD 13.86 0.12 0.86% |
The correlation of Gotham Enhanced 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 Enhanced Correlation With Market
Good diversification
The correlation between Gotham Enhanced 500 and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gotham Enhanced 500 and DJI in the same portfolio, assuming nothing else is changed.
Gotham |
Moving together with Gotham Mutual Fund
| 0.94 | GCHDX | Gotham Hedged E | PairCorr |
| 0.83 | GDLFX | Gotham Defensive Long | PairCorr |
| 0.92 | GVALX | Gotham Large Value | PairCorr |
| 0.92 | GENIX | Gotham Enhanced Return | PairCorr |
| 0.74 | GINDX | Gotham Index Plus | PairCorr |
| 0.9 | GARIX | Gotham Absolute Return | PairCorr |
| 0.94 | GSPFX | Gotham Enhanced Sp | PairCorr |
| 0.98 | GTRFX | Gotham Total Return | PairCorr |
| 0.84 | VVIAX | Vanguard Value Index | PairCorr |
| 0.76 | DOXGX | Dodge Cox Stock | PairCorr |
| 0.87 | AFMFX | American Mutual | PairCorr |
| 0.94 | FFMMX | American Funds American | PairCorr |
| 0.94 | FFFMX | American Funds American | PairCorr |
| 0.87 | AMRMX | American Mutual | PairCorr |
| 0.94 | AMFFX | American Mutual | PairCorr |
| 0.94 | AMFCX | American Mutual | PairCorr |
| 0.76 | DODGX | Dodge Stock Fund | PairCorr |
| 0.81 | VIVAX | Vanguard Value Index | PairCorr |
Moving against Gotham Mutual Fund
| 0.7 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.37 | JSOSX | Jpmorgan Strategic Income | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Gotham Mutual Fund performing well and Gotham Enhanced 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 Enhanced'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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GCIDX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| GCHDX | 0.75 | (0.21) | 0.00 | (1.08) | 0.00 | 0.91 | 18.37 | |||
| GDLFX | 0.55 | (0.04) | 0.00 | (0.19) | 0.00 | 1.03 | 5.60 | |||
| GDLIX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| GMIDX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| GVALX | 0.62 | (0.17) | 0.00 | (0.68) | 0.00 | 1.11 | 12.44 | |||
| GMLFX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| GMNFX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| GECFX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |