Goldman Sachs Correlations

Mutual Funds . USA . 
Fund . Goldman Sachs Clean
GCEPX Fund  USD 9.90  0.06  0.60%   
The current 90-days correlation between Goldman Sachs Clean and Msift High Yield is 0.41 (i.e., Very weak 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

Very weak diversification

The correlation between Goldman Sachs Clean and DJI is 0.4 (i.e., Very 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 producer price index.

Moving together with Goldman Mutual Fund

  1.0GCEBX Goldman Sachs CleanPairCorr
  1.0GCEJX Goldman Sachs CleanPairCorr
  0.69GCICX Goldman Sachs InternPairCorr
  0.87GCRTX Goldman Sachs AbsolutePairCorr
  0.77GDUSX Goldman Sachs ShortPairCorr
  0.88GVIRX Goldman Sachs EquityPairCorr
  0.68GFIRX Goldman Sachs ManagedPairCorr
  0.86GFRIX Goldman Sachs HighPairCorr
  0.7GGTPX Goldman Sachs GovernmentPairCorr
  0.83GISTX Goldman Sachs TechnologyPairCorr
  0.83GLCRX Goldman Sachs LargePairCorr
  0.78GSAPX Goldman Sachs InflationPairCorr
  0.78GANPX Goldman Sachs ShortPairCorr
  0.87GAPAX Goldman Sachs EquityPairCorr
  0.9GSBFX Goldman Sachs IncomePairCorr
  0.9GSBIX Goldman Sachs IncomePairCorr
  0.87GARTX Goldman Sachs AbsolutePairCorr
  0.78GSDUX Goldman Sachs ShortPairCorr
  0.8GSYPX Goldman Sachs SmallPairCorr
  0.82GSXPX Goldman Sachs SmallPairCorr
  0.82GTTUX Goldman Sachs SmallPairCorr
  0.86FAIRX Fairholme FundPairCorr
  1.0GCEGX Goldman Sachs CleanPairCorr
  1.0GCEDX Goldman Sachs CleanPairCorr
  1.0GCEEX Goldman Sachs CleanPairCorr
  0.83PDI Pimco Dynamic IncomePairCorr
  0.86FTCAX Templeton Strained BondPairCorr

Moving against Goldman Mutual Fund

  0.87UIPIX Ultrashort Mid CapPairCorr
  0.86USPSX Profunds UltrashortPairCorr
  0.86USPIX Profunds UltrashortPairCorr
  0.82TCTGX Transamerica CleartrackPairCorr
  0.82TDKTX Cleartrack 2015 ClassPairCorr
  0.82TCTJX Transamerica CleartrackPairCorr
  0.76TCSUX Cleartrack 2020 ClassPairCorr

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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