Goldman Sachs Correlations

Mutual Funds . USA . 
Fund . Goldman Sachs Growth
GGOTX Fund  USD 16.24  0.11  0.67%   
The current 90-days correlation between Goldman Sachs Growth and Invesco Gold Special is -0.42 (i.e., Very good 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 Growth and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Goldman Sachs Growth 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 Growth. 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 estimate.

Moving together with Goldman Mutual Fund

  0.92GCEBX Goldman Sachs CleanPairCorr
  0.91GCEDX Goldman Sachs CleanPairCorr
  0.91GCEEX Goldman Sachs CleanPairCorr
  0.91GCEGX Goldman Sachs CleanPairCorr
  0.91GCEJX Goldman Sachs CleanPairCorr
  0.91GCEPX Goldman Sachs CleanPairCorr
  0.99GCGIX Goldman Sachs LargePairCorr
  0.68GCGVX Goldman Sachs DynamicPairCorr
  0.61GCFIX Goldman Sachs EPairCorr
  0.63GCFUX Goldman Sachs EPairCorr
  0.95GCICX Goldman Sachs InternPairCorr
  0.96GCIIX Goldman Sachs InternPairCorr
  0.96GCIRX Goldman Sachs InternPairCorr
  0.96GCISX Goldman Sachs InternPairCorr
  0.96GCITX Goldman Sachs InternPairCorr
  0.96GCIAX Goldman Sachs InternPairCorr
  0.97GCMRX Goldman Sachs MidPairCorr
  0.96GCMTX Goldman Sachs MidPairCorr
  0.99GCLLX Goldman Sachs FlexiblePairCorr
  0.96GCLSX Goldman Sachs LargePairCorr
  0.98GCMAX Goldman Sachs MidPairCorr
  0.98GCMCX Goldman Sachs MidPairCorr
  0.94GCMDX Goldman Sachs LocalPairCorr
  0.98GCRTX Goldman Sachs AbsolutePairCorr
  0.99GCTAX Goldman Sachs TaxPairCorr
  0.98GCTCX Goldman Sachs TaxPairCorr
  0.98GCTIX Goldman Sachs TaxPairCorr
  0.95GCTMX Goldman Sachs InternPairCorr
  0.99GCTRX Goldman Sachs TaxPairCorr
  0.98GCSAX Goldman Sachs SmallPairCorr
  0.98GCSIX Goldman Sachs SmallPairCorr
  0.96GCSSX Goldman Sachs SmallPairCorr
  0.75GUIRX Goldman Sachs DynamicPairCorr
  0.98GCVAX Goldman Sachs LargePairCorr
  0.96GCVCX Goldman Sachs LargePairCorr
  0.96GCVIX Goldman Sachs LargePairCorr
  0.96GCVRX Goldman Sachs LargePairCorr
  0.97GCVTX Goldman Sachs LargePairCorr
  0.96GCVUX Goldman Sachs LargePairCorr

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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