Goldman Sachs Correlations

Mutual Funds . USA . 
Fund . Goldman Sachs International
GCITX Fund  USD 16.20  0.10  0.62%   
The current 90-days correlation between Goldman Sachs Intern and L Mason Qs is -0.11 (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 International and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Goldman Sachs International 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 International. 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 estimate.

Moving together with Goldman Mutual Fund

  0.7GCEBX Goldman Sachs CleanPairCorr
  0.7GCEDX Goldman Sachs CleanPairCorr
  0.7GCEEX Goldman Sachs CleanPairCorr
  0.7GCEGX Goldman Sachs CleanPairCorr
  0.7GCEJX Goldman Sachs CleanPairCorr
  0.7GCEPX Goldman Sachs CleanPairCorr
  0.69GCGIX Goldman Sachs LargePairCorr
  0.64GCICX Goldman Sachs InternPairCorr
  0.64GCIIX Goldman Sachs InternPairCorr
  1.0GCISX Goldman Sachs InternPairCorr
  0.64GCIAX Goldman Sachs InternPairCorr
  0.64GCMRX Goldman Sachs MidPairCorr
  0.91GCMTX Goldman Sachs MidPairCorr
  0.64GCMAX Goldman Sachs MidPairCorr
  0.94GCRTX Goldman Sachs AbsolutePairCorr
  0.93GCTIX Goldman Sachs TaxPairCorr
  1.0GCTMX Goldman Sachs InternPairCorr
  0.66GCSAX Goldman Sachs SmallPairCorr
  0.92GCSIX Goldman Sachs SmallPairCorr
  0.67GCVAX Goldman Sachs LargePairCorr
  0.67GCVCX Goldman Sachs LargePairCorr
  0.92GCVIX Goldman Sachs LargePairCorr
  0.67GCVTX Goldman Sachs LargePairCorr
  0.92GCVUX Goldman Sachs LargePairCorr
  0.87GDFIX Goldman Sachs ShortPairCorr
  0.71GDIRX Goldman Sachs ShortPairCorr
  0.66GDSRX Goldman Sachs SmallPairCorr
  0.91GDUSX Goldman Sachs ShortPairCorr
  0.94GVIRX Goldman Sachs EquityPairCorr
  0.88GEADX Goldman Sachs EnhancedPairCorr
  0.91GEBCX Goldman Sachs EsgPairCorr
  0.87GEIIX Goldman Sachs EnhancedPairCorr
  0.64GEMIX Goldman Sachs EmergingPairCorr
  0.92GEMSX Goldman Sachs EmergingPairCorr
  0.64GEMAX Goldman Sachs EmergingPairCorr
  0.65GERAX Goldman Sachs EmergingPairCorr
  0.91GERCX Goldman Sachs EmergingPairCorr

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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