Goldman Sachs Correlations

Mutual Funds . USA . 
Fund . Goldman Sachs Short
GDFIX Fund  USD 9.88  0.02  0.20%   
The current 90-days correlation between Goldman Sachs Short and Lord Abbett Inflation is 0.68 (i.e., 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

Significant diversification

The correlation between Goldman Sachs Short and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Goldman Sachs Short 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 Short. 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 gross domestic product.

Moving together with Goldman Mutual Fund

  0.71GCEBX Goldman Sachs CleanPairCorr
  0.71GCEDX Goldman Sachs CleanPairCorr
  0.71GCEEX Goldman Sachs CleanPairCorr
  0.69GCEGX Goldman Sachs CleanPairCorr
  0.7GCEJX Goldman Sachs CleanPairCorr
  0.71GCEPX Goldman Sachs CleanPairCorr
  0.94GCGIX Goldman Sachs LargePairCorr
  0.96GCFCX Goldman Sachs EPairCorr
  0.96GCFIX Goldman Sachs EPairCorr
  0.93GCFUX Goldman Sachs EPairCorr
  0.81GCICX Goldman Sachs InternPairCorr
  0.85GCIIX Goldman Sachs InternPairCorr
  0.84GCIRX Goldman Sachs InternPairCorr
  0.85GCISX Goldman Sachs InternPairCorr
  0.85GCITX Goldman Sachs InternPairCorr
  0.85GCIUX Goldman Sachs InternPairCorr
  0.82GCIAX Goldman Sachs InternPairCorr
  0.87GCMRX Goldman Sachs MidPairCorr
  0.87GCMTX Goldman Sachs MidPairCorr
  0.87GCMUX Goldman Sachs MidPairCorr
  0.93GCLLX Goldman Sachs FlexiblePairCorr
  0.82GCLSX Goldman Sachs LargePairCorr
  0.86GCMAX Goldman Sachs MidPairCorr
  0.86GCMCX Goldman Sachs MidPairCorr
  0.98GCMDX Goldman Sachs LocalPairCorr
  0.91GCRTX Goldman Sachs AbsolutePairCorr
  0.93GCTAX Goldman Sachs TaxPairCorr
  0.93GCTCX Goldman Sachs TaxPairCorr
  0.94GCTIX Goldman Sachs TaxPairCorr
  0.83GCTMX Goldman Sachs InternPairCorr
  0.94GCTRX Goldman Sachs TaxPairCorr
  0.94GCTSX Goldman Sachs TaxPairCorr
  0.87GCSAX Goldman Sachs SmallPairCorr
  0.88GCSCX Goldman Sachs SmallPairCorr
  0.88GCSIX Goldman Sachs SmallPairCorr
  0.87GCSSX Goldman Sachs SmallPairCorr
  0.88GCSUX 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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