Goldman Sachs Correlations

Mutual Funds . USA . 
Fund . Goldman Sachs Strategic
GGRAX Fund  USD 11.40  0.01  0.09%   
The current 90-days correlation between Goldman Sachs Strategic and Calamos Longshort Fund is -0.04 (i.e., 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 Strategic and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Goldman Sachs Strategic 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 Strategic. 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 nation.

Moving together with Goldman Mutual Fund

  0.93GCEBX Goldman Sachs CleanPairCorr
  0.93GCEDX Goldman Sachs Clean Steady GrowthPairCorr
  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
  0.68GCGVX Goldman Sachs DynamicPairCorr
  0.64GCFIX Goldman Sachs EPairCorr
  0.95GCICX Goldman Sachs InternPairCorr
  0.95GCIIX Goldman Sachs InternPairCorr
  0.96GCIRX Goldman Sachs InternPairCorr
  0.96GCISX Goldman Sachs InternPairCorr
  0.95GCITX Goldman Sachs InternPairCorr
  0.96GCIAX Goldman Sachs InternPairCorr
  0.97GCMRX Goldman Sachs MidPairCorr
  0.97GCMTX Goldman Sachs MidPairCorr
  0.98GCMAX Goldman Sachs MidPairCorr
  0.99GCRTX Goldman Sachs AbsolutePairCorr
  1.0GCTAX Goldman Sachs TaxPairCorr
  0.98GCTIX Goldman Sachs TaxPairCorr
  0.95GCTMX Goldman Sachs InternPairCorr
  0.99GCSAX Goldman Sachs SmallPairCorr
  0.99GCSIX Goldman Sachs SmallPairCorr
  0.72GUIRX Goldman Sachs DynamicPairCorr
  0.98GCVAX Goldman Sachs LargePairCorr
  0.97GCVCX Goldman Sachs LargePairCorr
  0.97GCVIX Goldman Sachs LargePairCorr
  0.97GCVTX Goldman Sachs LargePairCorr
  0.97GCVUX Goldman Sachs LargePairCorr
  0.91GDFIX Goldman Sachs ShortPairCorr
  0.68GDEUX Goldman Sachs DynamicPairCorr
  0.95GDIRX Goldman Sachs ShortPairCorr
  0.91GDIUX Goldman Sachs ShortPairCorr
  0.97GDSRX Goldman Sachs SmallPairCorr
  0.95GDUSX Goldman Sachs ShortPairCorr
  0.98GVIRX Goldman Sachs EquityPairCorr
  0.92GEADX Goldman Sachs EnhancedPairCorr
  0.97GEBRX Goldman Sachs EsgPairCorr

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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