Goldman Sachs Correlations

GCEBX Fund  USD 9.57  0.08  0.84%   
The current 90-days correlation between Goldman Sachs Clean and Payden Government Fund is -0.23 (i.e., Very good diversification). The correlation of Goldman Sachs 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.

Goldman Sachs Correlation With Market

Weak diversification

The correlation between Goldman Sachs Clean and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Goldman Sachs Clean 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 Goldman Sachs Clean. 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 bureau of labor statistics.

Moving together with Goldman Mutual Fund

  1.0GCEDX Goldman Sachs CleanPairCorr
  1.0GCEEX Goldman Sachs CleanPairCorr
  1.0GCEGX Goldman Sachs CleanPairCorr
  1.0GCEJX Goldman Sachs CleanPairCorr
  1.0GCEPX Goldman Sachs CleanPairCorr
  0.78GCGIX Goldman Sachs LargePairCorr
  0.9GCICX Goldman Sachs InternPairCorr
  0.89GCIIX Goldman Sachs InternPairCorr
  0.91GCIRX Goldman Sachs InternPairCorr
  0.91GCISX Goldman Sachs InternPairCorr
  0.91GCITX Goldman Sachs InternPairCorr
  0.91GCIUX Goldman Sachs InternPairCorr
  0.91GCIAX Goldman Sachs InternPairCorr
  0.66GCMRX Goldman Sachs MidPairCorr
  0.69GCMTX Goldman Sachs MidPairCorr
  0.69GCMUX Goldman Sachs MidPairCorr
  0.71GCLLX Goldman Sachs FlexiblePairCorr
  0.69GCMAX Goldman Sachs MidPairCorr
  0.65GCMCX Goldman Sachs MidPairCorr
  0.71GCTAX Goldman Sachs TaxPairCorr
  0.73GCTCX Goldman Sachs TaxPairCorr
  0.72GCTIX Goldman Sachs TaxPairCorr
  0.87GCTMX Goldman Sachs InternPairCorr
  0.74GCTRX Goldman Sachs TaxPairCorr
  0.73GCTSX Goldman Sachs TaxPairCorr
  0.63GCSCX Goldman Sachs SmallPairCorr
  0.64GCSIX Goldman Sachs SmallPairCorr
  0.63GCSSX Goldman Sachs SmallPairCorr
  0.64GCSUX Goldman Sachs SmallPairCorr

Moving against Goldman Mutual Fund

  0.32GUIRX Goldman Sachs DynamicPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Goldman Mutual Fund performing well and Goldman Sachs 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 Goldman Sachs' 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.