Goldman Sachs Correlations

Mutual Funds . USA . 
Fund . Goldman Sachs Absolute
GCRTX Fund  USD 8.73  0.01  0.11%   
The current 90-days correlation between Goldman Sachs Absolute and Doubleline Emerging Markets is 0.02 (i.e., Significant 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

Poor diversification

The correlation between Goldman Sachs Absolute and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Goldman Sachs Absolute 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 Absolute. 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

  0.73GCEBX Goldman Sachs CleanPairCorr
  0.95GCEDX Goldman Sachs CleanPairCorr
  0.95GCEEX Goldman Sachs CleanPairCorr
  0.95GCEGX Goldman Sachs CleanPairCorr
  0.95GCEJX Goldman Sachs CleanPairCorr
  0.95GCEPX Goldman Sachs CleanPairCorr
  0.94GCGIX Goldman Sachs LargePairCorr
  0.8GCGVX Goldman Sachs DynamicPairCorr
  0.93GCICX Goldman Sachs InternPairCorr
  0.94GCIIX Goldman Sachs InternPairCorr
  0.94GCIRX Goldman Sachs InternPairCorr
  0.97GCISX Goldman Sachs InternPairCorr
  0.94GCITX Goldman Sachs InternPairCorr
  0.94GCIUX Goldman Sachs InternPairCorr
  0.94GCIAX Goldman Sachs InternPairCorr
  0.99GCMTX Goldman Sachs MidPairCorr
  0.94GCMUX Goldman Sachs MidPairCorr
  0.95GCLLX Goldman Sachs FlexiblePairCorr
  0.96GCLSX Goldman Sachs LargePairCorr
  0.92GCMAX Goldman Sachs MidPairCorr
  0.96GCMCX Goldman Sachs MidPairCorr
  0.88GCMDX Goldman Sachs LocalPairCorr
  0.95GCTAX Goldman Sachs TaxPairCorr
  0.92GCTCX Goldman Sachs TaxPairCorr
  0.95GCTIX Goldman Sachs TaxPairCorr
  0.95GCTMX Goldman Sachs InternPairCorr
  0.94GCTRX Goldman Sachs TaxPairCorr
  0.95GCTSX Goldman Sachs TaxPairCorr
  0.95GCSAX Goldman Sachs SmallPairCorr
  0.95GCSCX Goldman Sachs SmallPairCorr
  0.98GCSIX Goldman Sachs SmallPairCorr
  0.98GCSSX Goldman Sachs SmallPairCorr
  0.94GCSUX Goldman Sachs SmallPairCorr
  0.95GCVAX Goldman Sachs LargePairCorr

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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