Goldman Sachs Correlations

Mutual Funds . USA . 
Fund . Goldman Sachs Emerging
GEMIX Fund  USD 26.60  0.08  0.30%   
The current 90-days correlation between Goldman Sachs Emerging and Financials Ultrasector Profund is 0.56 (i.e., Very weak 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

Very weak diversification

The correlation between Goldman Sachs Emerging and DJI is 0.54 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Goldman Sachs Emerging 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 Emerging. 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

  0.94GCEBX Goldman Sachs CleanPairCorr
  0.94GCEDX Goldman Sachs CleanPairCorr
  0.94GCEEX Goldman Sachs CleanPairCorr
  0.94GCEGX Goldman Sachs CleanPairCorr
  0.94GCEJX Goldman Sachs CleanPairCorr
  0.94GCEPX Goldman Sachs CleanPairCorr
  0.98GCGIX Goldman Sachs LargePairCorr
  0.66GCGVX Goldman Sachs DynamicPairCorr
  0.64GCFIX Goldman Sachs EPairCorr
  0.67GCFUX Goldman Sachs EPairCorr
  0.95GCICX Goldman Sachs InternPairCorr
  0.95GCIIX Goldman Sachs InternPairCorr
  0.95GCIRX Goldman Sachs InternPairCorr
  0.95GCISX Goldman Sachs InternPairCorr
  0.95GCITX Goldman Sachs InternPairCorr
  0.95GCIUX Goldman Sachs InternPairCorr
  0.95GCIAX Goldman Sachs InternPairCorr
  0.98GCMRX Goldman Sachs MidPairCorr
  0.98GCMTX Goldman Sachs MidPairCorr
  0.98GCMUX Goldman Sachs MidPairCorr
  0.98GCLLX Goldman Sachs FlexiblePairCorr
  0.97GCLSX Goldman Sachs LargePairCorr
  0.98GCMAX Goldman Sachs MidPairCorr
  0.98GCMCX Goldman Sachs MidPairCorr
  0.96GCMDX Goldman Sachs LocalPairCorr
  0.99GCRTX Goldman Sachs AbsolutePairCorr
  0.98GCTAX Goldman Sachs TaxPairCorr
  0.98GCTCX Goldman Sachs TaxPairCorr
  0.98GCTIX Goldman Sachs TaxPairCorr
  0.94GCTMX Goldman Sachs InternPairCorr
  0.98GCTRX Goldman Sachs TaxPairCorr
  0.98GCTSX Goldman Sachs TaxPairCorr
  0.98GCSAX Goldman Sachs SmallPairCorr
  0.98GCSCX Goldman Sachs SmallPairCorr
  0.98GCSIX Goldman Sachs SmallPairCorr
  0.98GCSSX Goldman Sachs SmallPairCorr
  0.98GCSUX Goldman Sachs SmallPairCorr
  0.76GUIRX Goldman Sachs DynamicPairCorr

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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