Goldman Sachs Correlations

Mutual Funds . USA . 
Fund . Goldman Sachs Small
GCSSX Fund  USD 28.54  0.43  1.48%   
The current 90-days correlation between Goldman Sachs Small and Aqr Long Short Equity is 0.44 (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

Good diversification

The correlation between Goldman Sachs Small and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Goldman Sachs Small 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 Small. 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

  0.97VSMAX Vanguard Small CapPairCorr
  0.97VSCIX Vanguard Small CapPairCorr
  0.97VSCPX Vanguard Small CapPairCorr
  0.97NAESX Vanguard Small CapPairCorr
  0.99FSSNX Fidelity Small CapPairCorr
  0.92DFSTX Us Small CapPairCorr
  0.96PASVX T Rowe PricePairCorr
  0.96PRVIX T Rowe PricePairCorr
  0.96TRZVX T Rowe PricePairCorr
  0.96PRSVX T Rowe PricePairCorr
  0.96VTSAX Vanguard Total StockPairCorr
  0.95VFIAX Vanguard 500 IndexPairCorr
  0.96VTSMX Vanguard Total StockPairCorr
  0.96VSMPX Vanguard Total StockPairCorr
  0.96VSTSX Vanguard Total StockPairCorr
  0.96VITSX Vanguard Total StockPairCorr
  0.95VFINX Vanguard 500 IndexPairCorr
  0.95VFFSX Vanguard 500 IndexPairCorr
  0.94VGTSX Vanguard Total InterPairCorr
  0.94VTIAX Vanguard Total InterPairCorr
  0.94PVFAX Paradigm ValuePairCorr
  0.76JNJ Johnson JohnsonPairCorr
  0.74JPM JPMorgan ChasePairCorr
  0.83BAC Bank of AmericaPairCorr
  0.72XOM Exxon Mobil CorpPairCorr
  0.7HPQ HP IncPairCorr
  0.71AA Alcoa Corp Earnings Call This WeekPairCorr
  0.65CAT CaterpillarPairCorr
  0.74TRV The Travelers CompaniesPairCorr

Moving against Goldman Mutual Fund

  0.67KO Coca Cola Earnings Call This WeekPairCorr
  0.57BA BoeingPairCorr

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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