Goldman Sachs Correlations

GSMIX Fund

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The current 90-days correlation between Goldman Sachs Dynamic and Calvert Aggressive Allocation is 0.08 (i.e., Significant 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.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios. 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

0.77	GCEBX	Goldman Sachs Clean	Pair Corr
0.75	GCEDX	Goldman Sachs Clean	Pair Corr
0.85	GCEEX	Goldman Sachs Clean	Pair Corr
0.75	GCEGX	Goldman Sachs Clean	Pair Corr
0.85	GCEJX	Goldman Sachs Clean	Pair Corr
0.79	GCEPX	Goldman Sachs Clean	Pair Corr
0.76	GCFCX	Goldman Sachs E	Pair Corr
0.76	GCFIX	Goldman Sachs E	Pair Corr
0.76	GCFUX	Goldman Sachs E	Pair Corr
0.74	GDFIX	Goldman Sachs Short	Pair Corr

Related Correlations Analysis

	CAACX	ABTYX	DIHRX	DMHIX	BDHIX	LAGIX	0P0000A2WI
CAACX		0.43	0.8	0.54	0.95	0.75	0.73	CAACX
ABTYX	0.43		0.51	0.96	0.36	0.09	0.29	ABTYX
DIHRX	0.8	0.51		0.62	0.79	0.78	0.66	DIHRX
DMHIX	0.54	0.96	0.62		0.51	0.21	0.47	DMHIX
BDHIX	0.95	0.36	0.79	0.51		0.73	0.81	BDHIX
LAGIX	0.75	0.09	0.78	0.21	0.73		0.58	LAGIX
0P0000A2WI	0.73	0.29	0.66	0.47	0.81	0.58		0P0000A2WI
	CAACX	ABTYX	DIHRX	DMHIX	BDHIX	LAGIX	0P0000A2WI

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CAACX	0.49	0.02	(0.06)	0.21	0.65	(0.49)	0.98	(0.99)	2.57
ABTYX	0.13	0.01	(0.33)	(0.53)	0.03	(0.18)	0.30	(0.20)	1.07
DIHRX	0.57	(0.02)	(0.05)	0.05	0.74	(0.56)	1.06	(1.24)	2.67
DMHIX	0.12	0.02	(0.27)	(3.00)	0.00	(0.19)	0.31	(0.20)	0.91
BDHIX	0.30	0.01	(0.14)	0.44	0.33	(0.34)	0.57	(0.56)	2.16
LAGIX	0.53	(0.03)	(0.05)	0.04	0.77	(0.52)	1.07	(1.24)	3.11
0P0000A2WI	0.14	0.02	(0.24)	0.72	0.00	(0.24)	0.43	(0.29)	0.87

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Goldman Sachs Correlations

Moving together with Goldman Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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