Goldman Sachs Correlations

Mutual Funds USA . 
Fund . Goldman Sachs International
GCICX Fund  USD 16.02  0.15  0.95%   
The current 90-days correlation between Goldman Sachs Intern and Qs Global Equity is 0.83 (i.e., Very poor 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

Poor diversification

The correlation between Goldman Sachs International and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Goldman Sachs International 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 International. 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

  0.89GCEBX Goldman Sachs CleanPairCorr
  0.93GCEDX Goldman Sachs CleanPairCorr
  0.93GCEEX Goldman Sachs CleanPairCorr
  0.93GCEGX Goldman Sachs CleanPairCorr
  0.93GCEJX Goldman Sachs CleanPairCorr
  0.93GCEPX Goldman Sachs CleanPairCorr
  0.9GCGIX Goldman Sachs LargePairCorr
  0.97GCIIX Goldman Sachs InternPairCorr
  1.0GCIRX Goldman Sachs InternPairCorr
  1.0GCISX Goldman Sachs InternPairCorr
  1.0GCITX Goldman Sachs InternPairCorr
  1.0GCIUX Goldman Sachs InternPairCorr
  0.97GCIAX Goldman Sachs InternPairCorr
  0.9GCMRX Goldman Sachs MidPairCorr
  0.9GCMTX Goldman Sachs MidPairCorr
  0.9GCMUX Goldman Sachs MidPairCorr
  0.88GCLLX Goldman Sachs FlexiblePairCorr
  0.85GCLSX Goldman Sachs LargePairCorr
  0.84GCMAX Goldman Sachs MidPairCorr
  0.84GCMCX Goldman Sachs MidPairCorr
  0.67GCMDX Goldman Sachs LocalPairCorr
  0.78GCRTX Goldman Sachs AbsolutePairCorr
  0.88GCTAX Goldman Sachs TaxPairCorr
  0.91GCTCX Goldman Sachs TaxPairCorr
  0.88GCTIX Goldman Sachs TaxPairCorr
  1.0GCTMX Goldman Sachs InternPairCorr
  0.91GCTRX Goldman Sachs TaxPairCorr
  0.91GCTSX Goldman Sachs TaxPairCorr
  0.83GCSAX Goldman Sachs SmallPairCorr
  0.88GCSCX Goldman Sachs SmallPairCorr
  0.88GCSIX Goldman Sachs SmallPairCorr
  0.88GCSSX Goldman Sachs SmallPairCorr
  0.88GCSUX Goldman Sachs SmallPairCorr

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.

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