Goldman Sachs Correlations

Mutual Funds . USA . 
Fund . Goldman Sachs E
GCFCX Fund  USD 9.15  0.04  0.44%   
The current 90-days correlation between Goldman Sachs E and Lord Abbett Small is 0.21 (i.e., Modest 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 E and DJI is -0.2 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Goldman Sachs E 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 E. 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 main economic indicators.

Moving together with Goldman Mutual Fund

  0.65GCEBX Goldman Sachs CleanPairCorr
  0.65GCEDX Goldman Sachs CleanPairCorr
  0.65GCEEX Goldman Sachs CleanPairCorr
  0.65GCEGX Goldman Sachs CleanPairCorr
  0.65GCEJX Goldman Sachs CleanPairCorr
  0.65GCEPX Goldman Sachs CleanPairCorr
  1.0GCFIX Goldman Sachs EPairCorr
  1.0GCFUX Goldman Sachs EPairCorr
  0.72GCMDX Goldman Sachs LocalPairCorr
  0.61GCRTX Goldman Sachs AbsolutePairCorr
  0.61GCSAX Goldman Sachs SmallPairCorr
  0.61GCSCX Goldman Sachs SmallPairCorr
  0.61GCSIX Goldman Sachs SmallPairCorr
  0.67GUIRX Goldman Sachs DynamicPairCorr

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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