Goldman Sachs Correlations

Mutual Funds . USA . 
Fund . Goldman Sachs E
GCFUX Fund  USD 9.42  0.01  0.11%   
The current 90-days correlation between Goldman Sachs E and Vy Blackrock Inflation is -0.15 (i.e., 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

Good diversification

The correlation between Goldman Sachs E and DJI is -0.18 (i.e., Good 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 housing.

Moving together with Goldman Mutual Fund

  1.0VBMFX Vanguard Total BondPairCorr
  1.0VTBIX Vanguard Total BondPairCorr
  1.0VTBNX Vanguard Total BondPairCorr
  1.0FBOFX American FundsPairCorr
  0.93PMPIX Precious Metals UltrPairCorr
  0.93PMPSX Precious Metals UltrPairCorr
  0.91FGPMX Franklin Gold AndPairCorr
  0.91FRGOX Franklin Gold PreciousPairCorr
  0.94MIDSX Midas Fund MidasPairCorr
  0.93FIJDX Gold Portfolio FidelityPairCorr
  0.88FAUTX American Funds 2040PairCorr
  0.83CHY Calamos Convertible AndPairCorr
  0.75GVIYX Guidestone Value EquityPairCorr
  0.89XACVX Allianzgi DiversifiedPairCorr
  0.98PFIIX Pimco Floating IncomePairCorr
  0.68CSFAX Cohen Steers GlobalPairCorr
  0.83POSKX Primecap Odyssey StockPairCorr
  0.95AFB AlliancebernsteinPairCorr
  0.88DODEX Dodge Cox EmergingPairCorr
  1.0PTRRX Total ReturnPairCorr
  0.89PQTNX Pimco Trends ManagedPairCorr
  1.0GGTPX Goldman Sachs GovernmentPairCorr
  0.83RYATX Nasdaq 100 FundPairCorr
  0.85BSPIX Blackrock Sp 500PairCorr
  0.84SUNBX Spectrum UnconstrainedPairCorr
  0.99DOXIX Dodge Cox IncomePairCorr
  0.83DFIEX International E EquityPairCorr
  0.77PVFAX Paradigm ValuePairCorr
  0.84HGORX Hartford GrowthPairCorr
  0.97MNDWX Manning Napier DiverPairCorr

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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