Goldman Sachs Correlations

Mutual Funds . USA . 
Fund . Goldman Sachs Clean
GCEGX Fund  USD 11.11  0.10  0.89%   
The current 90-days correlation between Goldman Sachs Clean and Bbh Intermediate Municipal is 0.07 (i.e., Significant 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

Good diversification

The correlation between Goldman Sachs Clean and DJI is -0.15 (i.e., Good 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 rate.

Moving together with Goldman Mutual Fund

  1.0GCEBX Goldman Sachs Clean Potential GrowthPairCorr
  1.0GCEDX Goldman Sachs Clean Potential GrowthPairCorr
  1.0GCEEX Goldman Sachs Clean Potential GrowthPairCorr
  1.0GCEJX Goldman Sachs Clean Potential GrowthPairCorr
  1.0GCEPX Goldman Sachs Clean Potential GrowthPairCorr
  0.75GCGIX Goldman Sachs LargePairCorr
  0.72GCFCX Goldman Sachs EPairCorr
  0.74GCFIX Goldman Sachs EPairCorr
  0.71GCFUX Goldman Sachs EPairCorr
  0.85GCICX Goldman Sachs InternPairCorr
  0.86GCIIX Goldman Sachs InternPairCorr
  0.86GCIRX Goldman Sachs InternPairCorr
  0.85GCISX Goldman Sachs InternPairCorr
  0.86GCITX Goldman Sachs InternPairCorr
  0.86GCIUX Goldman Sachs InternPairCorr
  0.88GCIAX Goldman Sachs InternPairCorr
  0.78GCLLX Goldman Sachs FlexiblePairCorr
  0.65GCLSX Goldman Sachs LargePairCorr
  0.64GCMDX Goldman Sachs LocalPairCorr
  0.8GCRTX Goldman Sachs AbsolutePairCorr
  0.75GCTAX Goldman Sachs TaxPairCorr
  0.7GCTCX Goldman Sachs TaxPairCorr
  0.7GCTIX Goldman Sachs TaxPairCorr
  0.81GCTMX Goldman Sachs InternPairCorr
  0.7GCTRX Goldman Sachs TaxPairCorr
  0.7GCTSX Goldman Sachs TaxPairCorr
  0.78GUIRX Goldman Sachs DynamicPairCorr
  0.69GCVAX Goldman Sachs LargePairCorr
  0.67GCVCX Goldman Sachs LargePairCorr

Related Correlations Analysis


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.

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