Goldman Sachs Correlations

Mutual Funds . USA . 
Fund . Goldman Sachs Large
GCGIX Fund  USD 38.81  0.87  2.19%   
The current 90-days correlation between Goldman Sachs Large and Columbia Convertible Securities is -0.09 (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 Large and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Goldman Sachs Large 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 Large. 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

  0.69GCEBX 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
  0.84GCFCX Goldman Sachs EPairCorr
  0.84GCFIX Goldman Sachs EPairCorr
  0.84GCFUX Goldman Sachs EPairCorr
  0.79GCICX Goldman Sachs InternPairCorr
  0.79GCIRX Goldman Sachs InternPairCorr
  0.79GCISX Goldman Sachs InternPairCorr
  0.79GCITX Goldman Sachs InternPairCorr
  0.79GCIUX Goldman Sachs InternPairCorr
  0.79GCIAX Goldman Sachs InternPairCorr
  0.77GCLSX Goldman Sachs LargePairCorr
  0.83GCMDX Goldman Sachs LocalPairCorr
  0.97GCRTX Goldman Sachs AbsolutePairCorr
  0.9GCTAX Goldman Sachs TaxPairCorr
  0.9GCTCX Goldman Sachs TaxPairCorr
  0.98GCTIX Goldman Sachs TaxPairCorr
  0.78GCTMX Goldman Sachs InternPairCorr
  0.9GCTRX Goldman Sachs TaxPairCorr
  0.9GCTSX Goldman Sachs TaxPairCorr
  0.79GCSAX Goldman Sachs SmallPairCorr
  0.79GCSCX Goldman Sachs SmallPairCorr
  0.8GCSIX Goldman Sachs SmallPairCorr
  0.79GCSSX Goldman Sachs SmallPairCorr
  0.8GCSUX Goldman Sachs SmallPairCorr
  0.88GUIRX Goldman Sachs DynamicPairCorr
  0.77GCVAX Goldman Sachs LargePairCorr
  0.76GCVCX Goldman Sachs LargePairCorr
  0.84GCVIX 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.

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