Goldman Sachs Correlations

Mutual Funds . USA . 
Fund . Goldman Sachs Strategic
GGRAX Fund  USD 11.90  0.12  1.02%   
The current 90-days correlation between Goldman Sachs Strategic and Ab Bond Inflation is -0.1 (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

Very weak diversification

The correlation between Goldman Sachs Strategic and DJI is 0.57 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Goldman Sachs Strategic 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 Strategic. 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 nation.

Moving together with Goldman Mutual Fund

  0.82GCEBX Goldman Sachs CleanPairCorr
  0.82GCEDX Goldman Sachs CleanPairCorr
  0.82GCEEX Goldman Sachs CleanPairCorr
  0.81GCEGX Goldman Sachs CleanPairCorr
  0.82GCEJX Goldman Sachs CleanPairCorr
  0.82GCEPX Goldman Sachs CleanPairCorr
  1.0GCGIX Goldman Sachs LargePairCorr
  0.88GCFCX Goldman Sachs EPairCorr
  0.88GCFIX Goldman Sachs EPairCorr
  0.88GCFUX Goldman Sachs EPairCorr
  0.81GCICX Goldman Sachs InternPairCorr
  0.82GCIIX Goldman Sachs InternPairCorr
  0.81GCIRX Goldman Sachs InternPairCorr
  0.82GCISX Goldman Sachs InternPairCorr
  0.82GCITX Goldman Sachs InternPairCorr
  0.82GCIUX Goldman Sachs InternPairCorr
  0.82GCIAX Goldman Sachs InternPairCorr
  0.93GCMRX Goldman Sachs MidPairCorr
  0.93GCMTX Goldman Sachs MidPairCorr
  0.93GCMUX Goldman Sachs MidPairCorr
  0.99GCLLX Goldman Sachs FlexiblePairCorr
  0.84GCLSX Goldman Sachs LargePairCorr
  0.93GCMAX Goldman Sachs MidPairCorr
  0.92GCMCX Goldman Sachs MidPairCorr
  0.97GCMDX Goldman Sachs LocalPairCorr
  0.97GCRTX Goldman Sachs AbsolutePairCorr
  0.98GCTAX Goldman Sachs TaxPairCorr
  0.98GCTCX Goldman Sachs TaxPairCorr
  0.98GCTIX Goldman Sachs TaxPairCorr
  0.79GCTMX Goldman Sachs InternPairCorr
  0.98GCTRX Goldman Sachs TaxPairCorr
  0.98GCTSX Goldman Sachs TaxPairCorr
  0.9GCSAX Goldman Sachs SmallPairCorr
  0.89GCSCX Goldman Sachs SmallPairCorr
  0.9GCSIX Goldman Sachs SmallPairCorr
  0.9GCSSX Goldman Sachs SmallPairCorr
  0.9GCSUX 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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