Goldman Sachs Correlations

GCEJX Fund  USD 9.72  0.06  0.61%   
The current 90-days correlation between Goldman Sachs Clean and The Fairholme Fund is 0.34 (i.e., 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

Weak diversification

The correlation between Goldman Sachs Clean and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Goldman Sachs Clean 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 Clean. 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 inflation.

Moving together with Goldman Mutual Fund

  1.0GCEBX Goldman Sachs CleanPairCorr
  1.0GCEDX Goldman Sachs CleanPairCorr
  1.0GCEEX Goldman Sachs CleanPairCorr
  1.0GCEGX Goldman Sachs CleanPairCorr
  1.0GCEPX Goldman Sachs CleanPairCorr
  0.76GGIDX Goldman Sachs GlobalPairCorr
  0.94GGQPX Goldman Sachs GrowthPairCorr
  0.94GGRAX Goldman Sachs StrategicPairCorr
  0.94GGRCX Goldman Sachs StrategicPairCorr
  0.79GMJPX Goldman Sachs RealPairCorr
  0.89GPPSX Goldman Sachs ShortPairCorr
  0.9FAIRX The Fairholme Steady GrowthPairCorr
  0.68KINAX Kinetics Internet Steady GrowthPairCorr
  0.68WWWFX Kinetics Internet Steady GrowthPairCorr
  0.68KINCX Kinetics Internet Steady GrowthPairCorr
  0.83NHS Neuberger Berman HighPairCorr
  0.97EVFCX Evaluator ConservativePairCorr
  0.92VMNVX Vanguard Global MinimumPairCorr
  0.89RYPIX Transportation FundPairCorr
  0.95PLFIX Largecap Sp 500PairCorr
  0.83OCMAX Ocm Mutual FundPairCorr
  0.96VPACX Vanguard Pacific StockPairCorr
  0.95PSILX Spectrum InternationalPairCorr
  0.97WAYRX Western Asset HighPairCorr
  0.93TEQAX Touchstone SustainabilityPairCorr
  0.96IAF Aberdeen AustraliaPairCorr
  0.97XWDIX Western Asset DiversifiedPairCorr
  0.96IISPX Voya Solution 2055PairCorr
  0.91SIVIX State Street InstituPairCorr

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.