Goldman Sachs Correlations

GERCX Fund

USD 10.73 0.14 1.29%

The current 90-days correlation between Goldman Sachs Emerging and Sterling Capital Behavioral is 0.51 (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 0.51 (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 various price indices.

Moving together with Goldman Mutual Fund

0.99	VEMAX	Vanguard Emerging Markets	Pair Corr
0.99	VEIEX	Vanguard Emerging Markets	Pair Corr
0.99	VEMIX	Vanguard Emerging Markets	Pair Corr
0.99	VEMRX	Vanguard Emerging Markets	Pair Corr
0.98	FWWNX	American Funds New	Pair Corr
0.98	FNFWX	American Funds New	Pair Corr
0.98	NEWFX	New World Fund	Pair Corr
0.98	NWFFX	New World Fund	Pair Corr
0.98	NEWCX	New World Fund	Pair Corr
0.98	ODVYX	Oppenheimer Developing	Pair Corr
0.76	BRUFX	Bruce Fund Bruce	Pair Corr
0.92	SPGSX	State Street Premier	Pair Corr
0.88	KF	Korea Closed	Pair Corr
0.87	GPICX	Guidepath Conservative	Pair Corr
0.94	FPXIX	Fidelity Advisor 529	Pair Corr
0.8	CAT	Caterpillar	Pair Corr
0.61	BAC	Bank of America	Pair Corr
0.85	IBM	International Business	Pair Corr
0.78	AA	Alcoa Corp	Pair Corr

Moving against Goldman Mutual Fund

0.52	BA	Boeing	Pair Corr
0.5	DIS	Walt Disney	Pair Corr
0.45	HD	Home Depot	Pair Corr

Related Correlations Analysis

	BBISX	LAVVX	SMNIX	MFIRX	ARTNX	SGICX	EXDAX
BBISX		0.95	0.57	0.83	0.96	0.83	0.74	BBISX
LAVVX	0.95		0.48	0.77	0.92	0.85	0.71	LAVVX
SMNIX	0.57	0.48		0.56	0.44	0.42	0.21	SMNIX
MFIRX	0.83	0.77	0.56		0.85	0.62	0.86	MFIRX
ARTNX	0.96	0.92	0.44	0.85		0.79	0.82	ARTNX
SGICX	0.83	0.85	0.42	0.62	0.79		0.69	SGICX
EXDAX	0.74	0.71	0.21	0.86	0.82	0.69		EXDAX
	BBISX	LAVVX	SMNIX	MFIRX	ARTNX	SGICX	EXDAX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BBISX	0.51	0.03	0.04	0.06	0.60	(0.55)	1.06	(1.27)	3.29
LAVVX	0.46	0.03	0.04	0.07	0.56	(0.49)	0.99	(0.98)	3.08
SMNIX	0.38	0.10	0.16	(0.44)	0.21	(0.45)	0.87	(0.64)	2.42
MFIRX	0.10	0.02	0.02	0.46	0.00	(0.22)	0.19	(0.19)	0.56
ARTNX	0.50	0.03	0.04	0.06	0.65	(0.50)	0.99	(0.97)	3.81
SGICX	0.39	0.02	0.02	0.06	0.48	(0.42)	0.87	(0.92)	2.54
EXDAX	0.17	0.01	(0.02)	0.07	0.11	(0.22)	0.37	(0.36)	0.95

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