Goldman Sachs Correlations

Mutual Funds . USA . 
Fund . Goldman Sachs Growth
GGSCX Fund  USD 22.49  0.10  0.45%   
The current 90-days correlation between Goldman Sachs Growth and Goldman Sachs Clean is -0.04 (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 poor diversification

The correlation between Goldman Sachs Growth and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Goldman Sachs Growth 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 Growth. 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 private.

Moving together with Goldman Mutual Fund

  0.66GCEBX Goldman Sachs CleanPairCorr
  0.69GCEDX Goldman Sachs Clean Steady GrowthPairCorr
  0.69GCEEX Goldman Sachs Clean Steady GrowthPairCorr
  0.68GCEGX Goldman Sachs Clean Steady GrowthPairCorr
  0.69GCEJX Goldman Sachs Clean Steady GrowthPairCorr
  0.69GCEPX Goldman Sachs Clean Steady GrowthPairCorr
  0.95GCGIX Goldman Sachs LargePairCorr
  0.92GCFCX Goldman Sachs EPairCorr
  0.92GCFIX Goldman Sachs EPairCorr
  0.9GCFUX Goldman Sachs EPairCorr
  0.97GCICX Goldman Sachs InternPairCorr
  0.97GCIIX Goldman Sachs InternPairCorr
  0.97GCIRX Goldman Sachs InternPairCorr
  0.97GCISX Goldman Sachs InternPairCorr
  0.97GCITX Goldman Sachs InternPairCorr
  0.97GCIUX Goldman Sachs InternPairCorr
  0.95GCIAX Goldman Sachs InternPairCorr
  0.85GCMRX Goldman Sachs MidPairCorr
  0.85GCMTX Goldman Sachs MidPairCorr
  0.85GCMUX Goldman Sachs MidPairCorr
  0.99GCLLX Goldman Sachs FlexiblePairCorr
  0.93GCLSX Goldman Sachs LargePairCorr
  0.8GCMAX Goldman Sachs MidPairCorr
  0.84GCMCX Goldman Sachs MidPairCorr
  0.96GCMDX Goldman Sachs LocalPairCorr
  0.96GCRTX Goldman Sachs AbsolutePairCorr
  0.96GCTAX Goldman Sachs TaxPairCorr
  0.99GCTCX Goldman Sachs TaxPairCorr
  0.99GCTIX Goldman Sachs TaxPairCorr
  0.93GCTMX Goldman Sachs InternPairCorr
  0.99GCTRX Goldman Sachs TaxPairCorr
  0.96GCTSX Goldman Sachs TaxPairCorr
  0.95GCSAX Goldman Sachs SmallPairCorr
  0.97GCSCX Goldman Sachs SmallPairCorr
  0.97GCSIX Goldman Sachs SmallPairCorr
  0.97GCSSX Goldman Sachs SmallPairCorr
  0.97GCSUX Goldman Sachs SmallPairCorr
  0.92GUIRX Goldman Sachs DynamicPairCorr

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
GCEBX  0.67  0.16  0.13  1.81  0.57 
(0.80)
 2.01 
(1.33)
 4.04 
GCEDX  0.68  0.15  0.14  0.39  0.63 
(0.81)
 2.01 
(1.40)
 4.14 
GCEEX  0.67  0.15  0.15  0.39  0.57 
(0.77)
 1.97 
(1.40)
 4.04 
GCEGX  0.68  0.14  0.14  0.38  0.63 
(0.79)
 1.92 
(1.41)
 4.07 
GCEJX  0.67  0.15  0.14  0.39  0.59 
(0.78)
 1.91 
(1.33)
 4.04 
GCEPX  0.67  0.15  0.14  0.39  0.57 
(0.77)
 1.97 
(1.40)
 4.04 
GCGIX  0.55  0.15  0.12 (0.73) 0.56 
(0.61)
 1.28 
(1.18)
 3.26 
GCFCX  0.19  0.04 (0.06) 0.79  0.00 
(0.26)
 0.44 
(0.32)
 1.09 
GCFIX  0.20  0.04 (0.04) 1.06  0.00 
(0.26)
 0.44 
(0.32)
 1.10 
GCFUX  0.20  0.05 (0.02) 4.09  0.00 
(0.26)
 0.44 
(0.32)
 1.09 

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