Goldman Sachs Correlations

Mutual Funds . USA . 
Fund . Goldman Sachs Equity
GAPSX Fund  USD 23.38  0.01  0.04%   
The current 90-days correlation between Goldman Sachs Equity and California Municipal Portfolio is -0.18 (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 -0.1 (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 state.

Moving together with Goldman Mutual Fund

  0.73GCEBX Goldman Sachs CleanPairCorr
  0.73GCEDX Goldman Sachs CleanPairCorr
  0.73GCEEX Goldman Sachs CleanPairCorr
  0.73GCEGX Goldman Sachs CleanPairCorr
  0.73GCEJX Goldman Sachs CleanPairCorr
  0.73GCEPX Goldman Sachs CleanPairCorr
  0.76GCGIX Goldman Sachs LargePairCorr
  0.64GCFIX Goldman Sachs EPairCorr
  0.64GCICX Goldman Sachs InternPairCorr
  0.64GCIIX Goldman Sachs InternPairCorr
  0.96GCIRX Goldman Sachs InternPairCorr
  0.96GCISX Goldman Sachs InternPairCorr
  0.96GCITX Goldman Sachs InternPairCorr
  0.64GCIAX Goldman Sachs InternPairCorr
  0.71GCMRX Goldman Sachs MidPairCorr
  0.99GCMTX Goldman Sachs MidPairCorr
  0.72GCMAX Goldman Sachs MidPairCorr
  0.99GCRTX Goldman Sachs AbsolutePairCorr
  1.0GCTAX Goldman Sachs TaxPairCorr
  1.0GCTIX Goldman Sachs TaxPairCorr
  0.95GCTMX Goldman Sachs InternPairCorr
  0.73GCSAX Goldman Sachs SmallPairCorr
  0.99GCSIX Goldman Sachs SmallPairCorr
  0.75GCVAX Goldman Sachs LargePairCorr
  0.74GCVCX Goldman Sachs LargePairCorr
  0.99GCVIX Goldman Sachs LargePairCorr
  0.74GCVTX Goldman Sachs LargePairCorr
  0.99GCVUX Goldman Sachs LargePairCorr
  0.91GDFIX Goldman Sachs ShortPairCorr
  0.75GDIRX Goldman Sachs ShortPairCorr
  0.78GDIUX Goldman Sachs ShortPairCorr
  0.73GDSRX Goldman Sachs SmallPairCorr
  0.96GDUSX Goldman Sachs ShortPairCorr
  1.0GVIRX Goldman Sachs EquityPairCorr
  0.91GEADX Goldman Sachs EnhancedPairCorr
  0.82GEBRX Goldman Sachs EsgPairCorr

Related Correlations Analysis

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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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