Goldman Sachs Correlations

Mutual Funds . USA . 
Fund . Goldman Sachs Equity
GSPAX Fund  USD 18.29  0.04  0.22%   
The current 90-days correlation between Goldman Sachs Equity and Global Technology Portfolio is -0.17 (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

Good diversification

The correlation between Goldman Sachs Equity and DJI is -0.19 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Goldman Sachs Equity 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 Equity. 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

  0.89GCEBX Goldman Sachs CleanPairCorr
  0.88GCEDX Goldman Sachs CleanPairCorr
  0.88GCEEX Goldman Sachs CleanPairCorr
  0.87GCEGX Goldman Sachs CleanPairCorr
  0.88GCEJX Goldman Sachs CleanPairCorr
  0.88GCEPX Goldman Sachs CleanPairCorr
  0.99GCGIX Goldman Sachs LargePairCorr
  0.86GCFCX Goldman Sachs EPairCorr
  0.86GCFIX Goldman Sachs EPairCorr
  0.84GCFUX Goldman Sachs EPairCorr
  0.78GCICX Goldman Sachs InternPairCorr
  0.79GCIIX Goldman Sachs InternPairCorr
  0.78GCIRX Goldman Sachs InternPairCorr
  0.79GCISX Goldman Sachs InternPairCorr
  0.79GCITX Goldman Sachs InternPairCorr
  0.79GCIUX Goldman Sachs InternPairCorr
  0.82GCIAX Goldman Sachs InternPairCorr
  0.96GCMRX Goldman Sachs MidPairCorr
  0.94GCMTX Goldman Sachs MidPairCorr
  0.94GCMUX Goldman Sachs MidPairCorr
  1.0GCLLX Goldman Sachs FlexiblePairCorr
  0.87GCLSX Goldman Sachs LargePairCorr
  0.96GCMAX Goldman Sachs MidPairCorr
  0.94GCMCX Goldman Sachs MidPairCorr
  0.95GCMDX Goldman Sachs LocalPairCorr
  0.96GCRTX Goldman Sachs AbsolutePairCorr
  0.97GCTAX Goldman Sachs TaxPairCorr
  0.97GCTCX Goldman Sachs TaxPairCorr
  0.97GCTIX Goldman Sachs TaxPairCorr
  0.8GCTMX Goldman Sachs InternPairCorr
  0.97GCTRX Goldman Sachs TaxPairCorr
  0.97GCTSX Goldman Sachs TaxPairCorr
  0.93GCSAX Goldman Sachs SmallPairCorr
  0.93GCSCX 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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