Goldman Sachs Correlations

Mutual Funds . USA . 
Fund . Goldman Sachs Equity
GAPIX Fund  USD 25.97  0.13  0.50%   
The current 90-days correlation between Goldman Sachs Equity and Goldman Sachs Clean is 0.45 (i.e., Very weak 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 -0.16 (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 gross domestic product.

Moving together with Goldman Mutual Fund

  0.63GCEDX Goldman Sachs Clean Steady GrowthPairCorr
  0.83GCEEX Goldman Sachs Clean Steady GrowthPairCorr
  0.83GCEGX Goldman Sachs CleanPairCorr
  0.83GCEJX Goldman Sachs Clean Steady GrowthPairCorr
  0.83GCEPX Goldman Sachs Clean Steady GrowthPairCorr
  0.94GCGIX Goldman Sachs LargePairCorr
  0.89GCFCX Goldman Sachs EPairCorr
  0.9GCFIX Goldman Sachs EPairCorr
  0.88GCFUX 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
  0.94GCIAX Goldman Sachs InternPairCorr
  0.62GCMRX Goldman Sachs MidPairCorr
  0.65GCMTX Goldman Sachs MidPairCorr
  0.65GCMUX Goldman Sachs MidPairCorr
  0.9GCLLX Goldman Sachs FlexiblePairCorr
  0.92GCLSX Goldman Sachs LargePairCorr
  0.62GCMAX Goldman Sachs MidPairCorr
  0.61GCMCX Goldman Sachs MidPairCorr
  0.9GCMDX Goldman Sachs LocalPairCorr
  1.0GCRTX Goldman Sachs AbsolutePairCorr
  0.95GCTAX Goldman Sachs TaxPairCorr
  0.99GCTCX Goldman Sachs TaxPairCorr
  0.99GCTIX Goldman Sachs TaxPairCorr
  0.96GCTMX Goldman Sachs InternPairCorr
  0.99GCTRX Goldman Sachs TaxPairCorr
  0.99GCTSX Goldman Sachs TaxPairCorr
  0.9GCSAX Goldman Sachs SmallPairCorr
  0.92GCSCX Goldman Sachs SmallPairCorr
  0.92GCSIX Goldman Sachs SmallPairCorr
  0.92GCSSX Goldman Sachs SmallPairCorr
  0.92GCSUX Goldman Sachs SmallPairCorr
  0.94GUIRX Goldman Sachs DynamicPairCorr
  0.9GCVAX Goldman Sachs LargePairCorr
  0.91GCVCX Goldman Sachs LargePairCorr

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  0.71  0.28  0.21 (0.75) 0.43 
(0.84)
 2.07 
(0.97)
 4.04 
GCEDX  0.71  0.19  0.18  0.39  0.48 
(0.87)
 2.07 
(0.97)
 4.14 
GCEEX  0.70  0.26  0.19 (0.84) 0.44 
(0.81)
 1.97 
(0.97)
 4.04 
GCEGX  0.69  0.26  0.18 (0.76) 0.47 
(0.83)
 1.98 
(0.98)
 4.07 
GCEJX  0.69  0.26  0.19 (0.84) 0.46 
(0.83)
 2.07 
(1.06)
 4.04 
GCEPX  0.69  0.26  0.19 (0.82) 0.44 
(0.80)
 1.97 
(1.06)
 4.04 
GCGIX  0.66  0.13  0.04 (2.01) 0.88 
(0.69)
 1.42 
(1.35)
 4.64 
GCFCX  0.18  0.02 (0.28)(0.37) 0.08 
(0.24)
 0.43 
(0.32)
 1.07 
GCFIX  0.18  0.02 (0.27)(0.50) 0.08 
(0.24)
 0.43 
(0.32)
 0.97 
GCFUX  0.19  0.01 (0.29) 0.70  0.12 
(0.23)
 0.43 
(0.32)
 1.08 

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