Goldman Sachs Correlations

Mutual Funds . USA . 
Fund . Goldman Sachs Flexible
GFCUX Fund  USD 23.48  0.13  0.56%   
The current 90-days correlation between Goldman Sachs Flexible and Growth Allocation Fund is 0.94 (i.e., Almost no 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

Almost no diversification

The correlation between Goldman Sachs Flexible and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Goldman Sachs Flexible 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 Flexible. 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 employment.

Moving together with Goldman Mutual Fund

  0.93GCEBX Goldman Sachs CleanPairCorr
  0.93GCEDX Goldman Sachs CleanPairCorr
  0.93GCEEX Goldman Sachs CleanPairCorr
  0.93GCEGX Goldman Sachs CleanPairCorr
  0.93GCEJX Goldman Sachs CleanPairCorr
  0.93GCEPX Goldman Sachs CleanPairCorr
  1.0GCGIX Goldman Sachs LargePairCorr
  0.7GCGVX Goldman Sachs DynamicPairCorr
  0.65GCFIX Goldman Sachs EPairCorr
  0.66GCFUX 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
  0.99GCMRX Goldman Sachs MidPairCorr
  0.99GCMTX Goldman Sachs MidPairCorr
  0.99GCMUX Goldman Sachs MidPairCorr
  1.0GCLLX Goldman Sachs FlexiblePairCorr
  0.99GCLSX Goldman Sachs LargePairCorr
  0.99GCMAX Goldman Sachs MidPairCorr
  0.99GCMCX Goldman Sachs MidPairCorr
  0.96GCMDX Goldman Sachs LocalPairCorr
  0.99GCRTX Goldman Sachs AbsolutePairCorr
  1.0GCTAX Goldman Sachs TaxPairCorr
  1.0GCTCX Goldman Sachs TaxPairCorr
  1.0GCTIX Goldman Sachs TaxPairCorr
  0.94GCTMX Goldman Sachs InternPairCorr
  1.0GCTRX Goldman Sachs TaxPairCorr
  1.0GCTSX Goldman Sachs TaxPairCorr
  0.99GCSAX Goldman Sachs SmallPairCorr
  0.99GCSCX Goldman Sachs SmallPairCorr
  0.99GCSIX Goldman Sachs SmallPairCorr
  0.99GCSSX Goldman Sachs SmallPairCorr
  0.99GCSUX Goldman Sachs SmallPairCorr
  0.79GUIRX 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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