Goldman Sachs Correlations

Mutual Funds . USA . 
Fund . Goldman Sachs High
GFRIX Fund  USD 8.77  0.00  0.00%   
The current 90-days correlation between Goldman Sachs High and Dodge Global Bond is 0.05 (i.e., Significant 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

Modest diversification

The correlation between Goldman Sachs High and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Goldman Sachs High 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 High. 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

  0.67GCEBX Goldman Sachs CleanPairCorr
  0.85GCEDX Goldman Sachs CleanPairCorr
  0.85GCEEX Goldman Sachs CleanPairCorr
  0.85GCEGX Goldman Sachs CleanPairCorr
  0.85GCEJX Goldman Sachs CleanPairCorr
  0.85GCEPX Goldman Sachs CleanPairCorr
  0.83GCGIX Goldman Sachs LargePairCorr
  0.61GCFIX Goldman Sachs EPairCorr
  0.81GCICX Goldman Sachs InternPairCorr
  0.81GCIIX Goldman Sachs InternPairCorr
  0.93GCIRX Goldman Sachs InternPairCorr
  0.93GCISX Goldman Sachs InternPairCorr
  0.93GCITX Goldman Sachs InternPairCorr
  0.81GCIAX Goldman Sachs InternPairCorr
  0.82GCMRX Goldman Sachs MidPairCorr
  0.97GCMTX Goldman Sachs MidPairCorr
  0.62GCMUX Goldman Sachs MidPairCorr
  0.65GCLLX Goldman Sachs FlexiblePairCorr
  0.97GCLSX Goldman Sachs LargePairCorr
  0.82GCMAX Goldman Sachs MidPairCorr
  0.97GCMCX Goldman Sachs MidPairCorr
  0.96GCMDX Goldman Sachs LocalPairCorr
  0.98GCRTX Goldman Sachs AbsolutePairCorr
  0.98GCTAX Goldman Sachs TaxPairCorr
  0.65GCTCX Goldman Sachs TaxPairCorr
  0.98GCTIX Goldman Sachs TaxPairCorr
  0.92GCTMX Goldman Sachs InternPairCorr
  0.65GCTRX Goldman Sachs TaxPairCorr
  0.65GCTSX Goldman Sachs TaxPairCorr
  0.84GCSAX Goldman Sachs SmallPairCorr
  0.63GCSCX Goldman Sachs SmallPairCorr
  0.97GCSIX Goldman Sachs SmallPairCorr
  0.97GCSSX Goldman Sachs SmallPairCorr
  0.64GCSUX 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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