Goldman Sachs Correlations

Mutual Funds . USA . 
Fund . Goldman Sachs Growth
GGQPX Fund  USD 23.35  0.20  0.86%   
The current 90-days correlation between Goldman Sachs Growth and Franklin Government Securities is 0.08 (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

Poor diversification

The correlation between Goldman Sachs Growth and DJI is 0.78 (i.e., Poor 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 american community survey.

Moving together with Goldman Mutual Fund

  0.92GCEBX Goldman Sachs CleanPairCorr
  0.92GCEDX Goldman Sachs CleanPairCorr
  0.92GCEEX Goldman Sachs CleanPairCorr
  0.92GCEGX Goldman Sachs CleanPairCorr
  0.92GCEJX Goldman Sachs CleanPairCorr
  0.92GCEPX Goldman Sachs CleanPairCorr
  0.98GCGIX Goldman Sachs LargePairCorr
  0.71GCGVX Goldman Sachs DynamicPairCorr
  0.63GCFIX Goldman Sachs EPairCorr
  0.64GCFUX Goldman Sachs EPairCorr
  0.96GCICX Goldman Sachs InternPairCorr
  0.95GCIIX Goldman Sachs InternPairCorr
  0.96GCIRX Goldman Sachs InternPairCorr
  0.95GCISX Goldman Sachs InternPairCorr
  0.95GCITX Goldman Sachs InternPairCorr
  0.95GCIAX Goldman Sachs InternPairCorr
  0.98GCMRX Goldman Sachs MidPairCorr
  0.97GCMTX Goldman Sachs MidPairCorr
  0.97GCLLX Goldman Sachs FlexiblePairCorr
  0.97GCLSX Goldman Sachs LargePairCorr
  0.97GCMAX Goldman Sachs MidPairCorr
  0.97GCMCX Goldman Sachs MidPairCorr
  0.95GCMDX Goldman Sachs LocalPairCorr
  0.97GCRTX Goldman Sachs AbsolutePairCorr
  0.99GCTAX Goldman Sachs TaxPairCorr
  0.99GCTCX Goldman Sachs TaxPairCorr
  0.99GCTIX Goldman Sachs TaxPairCorr
  0.96GCTMX Goldman Sachs InternPairCorr
  0.98GCTRX Goldman Sachs TaxPairCorr
  0.98GCSAX Goldman Sachs SmallPairCorr
  0.98GCSIX Goldman Sachs SmallPairCorr
  0.98GCSSX Goldman Sachs SmallPairCorr
  0.79GUIRX Goldman Sachs DynamicPairCorr
  0.97GCVAX Goldman Sachs LargePairCorr
  0.98GCVCX Goldman Sachs LargePairCorr
  0.98GCVIX Goldman Sachs LargePairCorr
  0.98GCVRX Goldman Sachs LargePairCorr
  0.98GCVTX Goldman Sachs LargePairCorr
  0.98GCVUX 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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