Goldman Sachs Correlations

Mutual Funds . USA . 
Fund . Goldman Sachs Tax Managed
GCTIX Fund  USD 49.98  0.01  0.02%   
The current 90-days correlation between Goldman Sachs Tax and Gmo High Yield is 0.1 (i.e., Average 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 Tax Managed 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 Tax Managed 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 Tax Managed. 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
  0.71GCEDX Goldman Sachs CleanPairCorr
  0.71GCEEX Goldman Sachs CleanPairCorr
  0.71GCEGX Goldman Sachs CleanPairCorr
  0.71GCEJX Goldman Sachs CleanPairCorr
  0.71GCEPX Goldman Sachs CleanPairCorr
  0.77GCGIX Goldman Sachs LargePairCorr
  0.62GCICX Goldman Sachs InternPairCorr
  0.62GCIIX Goldman Sachs InternPairCorr
  0.94GCIRX Goldman Sachs InternPairCorr
  0.8GCISX Goldman Sachs InternPairCorr
  0.8GCITX Goldman Sachs InternPairCorr
  0.62GCIAX Goldman Sachs InternPairCorr
  0.72GCMRX Goldman Sachs MidPairCorr
  0.83GCMTX Goldman Sachs MidPairCorr
  0.72GCMUX Goldman Sachs MidPairCorr
  0.84GCLLX Goldman Sachs FlexiblePairCorr
  0.85GCLSX Goldman Sachs LargePairCorr
  0.72GCMAX Goldman Sachs MidPairCorr
  0.83GCMCX Goldman Sachs MidPairCorr
  0.79GCMDX Goldman Sachs LocalPairCorr
  0.82GCRTX Goldman Sachs AbsolutePairCorr
  1.0GCTAX Goldman Sachs TaxPairCorr
  0.84GCTCX Goldman Sachs TaxPairCorr
  0.93GCTMX Goldman Sachs InternPairCorr
  0.84GCTRX Goldman Sachs TaxPairCorr
  1.0GCTSX Goldman Sachs TaxPairCorr
  0.73GCSAX Goldman Sachs SmallPairCorr
  0.73GCSCX Goldman Sachs SmallPairCorr
  0.83GCSIX Goldman Sachs SmallPairCorr
  0.99GCSSX Goldman Sachs SmallPairCorr
  0.73GCSUX Goldman Sachs SmallPairCorr

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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