Gotham Enhanced Correlations

GSPFX Fund

USD 17.90 0.01 0.06%

The current 90-days correlation between Gotham Enhanced Sp and T Rowe Price is 0.11 (i.e., Average diversification). 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

Significant diversification

The correlation between Gotham Enhanced Sp and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gotham Enhanced Sp and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gotham Enhanced Sp. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with Gotham Mutual Fund

0.97	GCHDX	Gotham Hedged E	Pair Corr
0.9	GDLFX	Gotham Defensive Long	Pair Corr
0.96	GVALX	Gotham Large Value	Pair Corr
0.94	GEFPX	Gotham Enhanced 500	Pair Corr
0.95	GENIX	Gotham Enhanced Return	Pair Corr
0.86	GINDX	Gotham Index Plus	Pair Corr
0.93	GARIX	Gotham Absolute Return	Pair Corr
0.95	GTRFX	Gotham Total Return	Pair Corr
0.61	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.74	AA	Alcoa Corp Earnings Call This Week	Pair Corr

Moving against Gotham Mutual Fund

0.54	UIPIX	Ultrashort Mid Cap	Pair Corr
0.35	FTCAX	Templeton Strained Bond	Pair Corr
0.34	JSOSX	Jpmorgan Strategic Income	Pair Corr

Related Correlations Analysis

	PRINX	MWCSX	MDMTX	TBGAX	BBINX	PCMNX	NSIOX
PRINX		0.05	0.87	0.82	0.84	0.89	0.89	PRINX
MWCSX	0.05		0.09	0.08	0.13	0.15	0.06	MWCSX
MDMTX	0.87	0.09		0.98	0.99	0.98	0.99	MDMTX
TBGAX	0.82	0.08	0.98		0.98	0.97	0.98	TBGAX
BBINX	0.84	0.13	0.99	0.98		0.98	0.99	BBINX
PCMNX	0.89	0.15	0.98	0.97	0.98		0.97	PCMNX
NSIOX	0.89	0.06	0.99	0.98	0.99	0.97		NSIOX
	PRINX	MWCSX	MDMTX	TBGAX	BBINX	PCMNX	NSIOX

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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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
PRINX	0.20	(0.04)	(1.01)	0.44	(0.53)	1.60
MWCSX	0.02	(0.01)	0.70	0.00	0.00	0.97
MDMTX	0.21	(0.02)	(4.97)	0.38	(0.57)	1.71
TBGAX	0.21	(0.03)	0.49	0.45	(0.55)	1.75
BBINX	0.14	(0.02)	0.63	0.29	(0.29)	1.27
PCMNX	0.15	(0.02)	(4.79)	0.25	(0.41)	1.32
NSIOX	0.18	(0.01)	2.34	0.40	(0.50)	1.60

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