Goldman Sachs Correlations

Mutual Funds USA . 
Fund . Goldman Sachs E
GCFUX Fund  USD 9.28  0.02  0.22%   
The current 90-days correlation between Goldman Sachs E and Dunham Porategovernment Bond is 0.9 (i.e., Almost no 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

Average diversification

The correlation between Goldman Sachs E and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Goldman Sachs E 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 E. 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 main economic indicators.

Moving together with Goldman Mutual Fund

  0.73GCEBX Goldman Sachs CleanPairCorr
  0.76GCEDX Goldman Sachs CleanPairCorr
  0.76GCEEX Goldman Sachs CleanPairCorr
  0.75GCEGX Goldman Sachs CleanPairCorr
  0.76GCEJX Goldman Sachs CleanPairCorr
  0.76GCEPX Goldman Sachs CleanPairCorr
  0.87GCGIX Goldman Sachs LargePairCorr
  0.95GCFCX Goldman Sachs EPairCorr
  0.95GCFIX Goldman Sachs EPairCorr
  0.76GCICX Goldman Sachs InternPairCorr
  0.77GCIIX Goldman Sachs InternPairCorr
  0.76GCIRX Goldman Sachs InternPairCorr
  0.77GCISX Goldman Sachs InternPairCorr
  0.77GCITX Goldman Sachs InternPairCorr
  0.77GCIUX Goldman Sachs InternPairCorr
  0.72GCIAX Goldman Sachs InternPairCorr
  0.78GCMRX Goldman Sachs MidPairCorr
  0.8GCMTX Goldman Sachs MidPairCorr
  0.8GCMUX Goldman Sachs MidPairCorr
  0.85GCLLX Goldman Sachs FlexiblePairCorr
  0.71GCLSX Goldman Sachs LargePairCorr
  0.78GCMAX Goldman Sachs MidPairCorr
  0.79GCMCX Goldman Sachs MidPairCorr
  0.94GCMDX Goldman Sachs LocalPairCorr
  0.84GCRTX Goldman Sachs AbsolutePairCorr
  0.86GCTAX Goldman Sachs TaxPairCorr
  0.86GCTCX Goldman Sachs TaxPairCorr
  0.86GCTIX Goldman Sachs TaxPairCorr
  0.72GCTMX Goldman Sachs InternPairCorr
  0.86GCTRX Goldman Sachs TaxPairCorr
  0.86GCTSX Goldman Sachs TaxPairCorr
  0.79GCSAX Goldman Sachs SmallPairCorr
  0.79GCSCX Goldman Sachs SmallPairCorr
  0.81GCSIX Goldman Sachs SmallPairCorr
  0.81GCSSX Goldman Sachs SmallPairCorr
  0.81GCSUX Goldman Sachs SmallPairCorr

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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