Gotham Absolute Return Fund Quote
| GARIX Fund | USD 20.02 0.04 0.20% |
Performance0 of 100
| Odds Of DistressLess than 22
|
Gotham Absolute is trading at 20.02 as of the 10th of January 2025; that is 0.20 percent up since the beginning of the trading day. The fund's open price was 19.98. Gotham Absolute has about a 22 % chance of experiencing some form of financial distress in the next two years of operation but has generated negative returns over the last 90 days. The performance scores are derived for the period starting the 15th of April 2024 and ending today, the 10th of January 2025. Click here to learn more.
The fund seeks to achieve its investment objective by investing under normal circumstances in long and short positions of equity and equity-related securities, primarily companies traded on U.S. markets. It generally takes long positions in securities that the Adviser believes to be undervalued and short positions in securities that the Adviser believes to be overvalued, based on the Advisers analysis of the issuers financial reports and market valuation.. More on Gotham Absolute Return
Moving together with Gotham Mutual Fund
| 0.98 | GCHDX | Gotham Hedged E | PairCorr |
| 0.82 | GDLFX | Gotham Defensive Long | PairCorr |
| 0.97 | GVALX | Gotham Large Value | PairCorr |
| 0.9 | GEFPX | Gotham Enhanced 500 | PairCorr |
| 1.0 | GENIX | Gotham Enhanced Return | PairCorr |
| 0.63 | GINDX | Gotham Index Plus | PairCorr |
Moving against Gotham Mutual Fund
Gotham Mutual Fund Highlights
| Fund Concentration | Gotham Funds, Large Funds, Long-Short Equity Funds, Long-Short Equity, Gotham, Large Blend, Long-Short Equity (View all Sectors) |
| Update Date | 31st of December 2024 |
| Expense Ratio Date | 1st of February 2023 |
| Fiscal Year End | September |
Gotham Absolute Return [GARIX] is traded in USA and was established 10th of January 2025. Gotham Absolute is listed under Gotham category by Fama And French industry classification. The fund is listed under Long-Short Equity category and is part of Gotham family. This fund currently has accumulated 631.7 M in assets under management (AUM) with minimum initial investment of 100 K. Gotham Absolute Return is currently producing year-to-date (YTD) return of 0.96%, while the total return for the last 3 years was 11.05%.
Check Gotham Absolute Probability Of Bankruptcy
Instrument Allocation
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Gotham Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Gotham Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Gotham Absolute Return Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Gotham Absolute Return Mutual Fund Constituents
| CAT | Caterpillar | Stock | Industrials | |
| HD | Home Depot | Stock | Consumer Discretionary | |
| BKNG | Booking Holdings | Stock | Consumer Discretionary | |
| UNP | Union Pacific | Stock | Industrials | |
| LRCX | Lam Research Corp | Stock | Information Technology | |
| FDX | FedEx | Stock | Industrials | |
| GD | General Dynamics | Stock | Industrials | |
| HPQ | HP Inc | Stock | Information Technology |
Gotham Absolute Return Risk Profiles
| Mean Deviation | 0.6917 | |||
| Standard Deviation | 2.15 | |||
| Variance | 4.63 | |||
| Risk Adjusted Performance | (0.09) |
Gotham Absolute Against Markets
Other Information on Investing in Gotham Mutual Fund
Gotham Absolute 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 Absolute security.
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