Goldman Sachs Correlations

Mutual Funds . USA . 
Fund . Goldman Sachs Small
GCSIX Fund  USD 31.40  0.02  0.06%   
The current 90-days correlation between Goldman Sachs Small and Vy Columbia Small is -0.12 (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

Poor diversification

The correlation between Goldman Sachs Small and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Goldman Sachs Small 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 Small. 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

  0.61GCEBX Goldman Sachs CleanPairCorr
  0.61GCEDX Goldman Sachs CleanPairCorr
  0.61GCEEX Goldman Sachs CleanPairCorr
  0.61GCEGX Goldman Sachs CleanPairCorr
  0.61GCEJX Goldman Sachs CleanPairCorr
  0.61GCEPX Goldman Sachs CleanPairCorr
  0.79GCGIX Goldman Sachs LargePairCorr
  0.89GCFCX Goldman Sachs EPairCorr
  0.89GCFIX Goldman Sachs EPairCorr
  0.89GCFUX Goldman Sachs EPairCorr
  0.78GCICX Goldman Sachs InternPairCorr
  0.79GCIIX Goldman Sachs InternPairCorr
  0.78GCIRX Goldman Sachs InternPairCorr
  0.79GCISX Goldman Sachs InternPairCorr
  0.79GCITX Goldman Sachs InternPairCorr
  0.79GCIUX Goldman Sachs InternPairCorr
  0.75GCIAX Goldman Sachs InternPairCorr
  0.64GCMRX Goldman Sachs MidPairCorr
  0.65GCMTX Goldman Sachs MidPairCorr
  0.66GCMUX Goldman Sachs MidPairCorr
  0.9GCLSX Goldman Sachs LargePairCorr
  0.61GCMCX Goldman Sachs MidPairCorr
  0.85GCMDX Goldman Sachs LocalPairCorr
  0.87GCRTX Goldman Sachs AbsolutePairCorr
  0.81GCTAX Goldman Sachs TaxPairCorr
  0.88GCTCX Goldman Sachs TaxPairCorr
  0.88GCTIX Goldman Sachs TaxPairCorr
  0.78GCTMX Goldman Sachs InternPairCorr
  0.88GCTRX Goldman Sachs TaxPairCorr
  0.88GCTSX Goldman Sachs TaxPairCorr
  0.91GCSAX Goldman Sachs SmallPairCorr
  1.0GCSCX Goldman Sachs SmallPairCorr
  1.0GCSSX Goldman Sachs SmallPairCorr
  1.0GCSUX Goldman Sachs SmallPairCorr
  0.88GUIRX Goldman Sachs DynamicPairCorr
  0.84GCVAX Goldman Sachs LargePairCorr
  0.79GCVCX 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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