Goldman Sachs Correlations

Mutual Funds . USA . 
Fund . Goldman Sachs E
GCFIX Fund  USD 9.08  0.01  0.11%   
The current 90-days correlation between Goldman Sachs E and T Rowe Price is 0.41 (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 E and DJI is -0.02 (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 gross domestic product.

Moving together with Goldman Mutual Fund

  0.75GCEBX Goldman Sachs CleanPairCorr
  0.75GCEDX Goldman Sachs CleanPairCorr
  0.75GCEEX Goldman Sachs CleanPairCorr
  0.75GCEGX Goldman Sachs CleanPairCorr
  0.75GCEJX Goldman Sachs CleanPairCorr
  0.75GCEPX Goldman Sachs CleanPairCorr
  0.65GCGIX Goldman Sachs LargePairCorr
  1.0GCFCX Goldman Sachs EPairCorr
  0.92GCFUX Goldman Sachs EPairCorr
  0.65GCICX Goldman Sachs InternPairCorr
  0.66GCIIX Goldman Sachs InternPairCorr
  0.65GCIRX Goldman Sachs InternPairCorr
  0.66GCISX Goldman Sachs InternPairCorr
  0.66GCITX Goldman Sachs InternPairCorr
  0.65GCIUX Goldman Sachs InternPairCorr
  0.66GCIAX Goldman Sachs InternPairCorr
  0.65GCMRX Goldman Sachs MidPairCorr
  0.65GCMTX Goldman Sachs MidPairCorr
  0.66GCLLX Goldman Sachs FlexiblePairCorr
  0.66GCLSX Goldman Sachs LargePairCorr
  0.65GCMAX Goldman Sachs MidPairCorr
  0.65GCMCX Goldman Sachs MidPairCorr
  0.79GCMDX Goldman Sachs LocalPairCorr
  0.7GCRTX Goldman Sachs AbsolutePairCorr
  0.65GCTAX Goldman Sachs TaxPairCorr
  0.65GCTCX Goldman Sachs TaxPairCorr
  0.65GCTIX Goldman Sachs TaxPairCorr
  0.64GCTMX Goldman Sachs InternPairCorr
  0.65GCTRX Goldman Sachs TaxPairCorr
  0.65GCTSX Goldman Sachs TaxPairCorr
  0.68GCSAX Goldman Sachs SmallPairCorr
  0.68GCSIX Goldman Sachs SmallPairCorr
  0.68GCSSX Goldman Sachs SmallPairCorr
  0.74GUIRX 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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