Goldman Sachs Correlations

Mutual Funds . USA . 
Fund . Goldman Sachs Strategic
GGRAX Fund  USD 11.30  0.10  0.88%   
The current 90-days correlation between Goldman Sachs Strategic and Franklin Gold Precious is -0.48 (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 Strategic and DJI is -0.18 (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 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
  0.66GCGVX Goldman Sachs DynamicPairCorr
  0.63GCFIX Goldman Sachs EPairCorr
  0.65GCFUX Goldman Sachs EPairCorr
  0.96GCIIX Goldman Sachs InternPairCorr
  0.96GCISX Goldman Sachs InternPairCorr
  0.95GCIUX Goldman Sachs InternPairCorr
  0.96GCIAX Goldman Sachs InternPairCorr
  0.97GCMRX Goldman Sachs MidPairCorr
  0.98GCMTX Goldman Sachs MidPairCorr
  0.98GCMUX Goldman Sachs MidPairCorr
  1.0GCLLX Goldman Sachs FlexiblePairCorr
  0.98GCLSX Goldman Sachs LargePairCorr
  0.98GCMAX Goldman Sachs MidPairCorr
  0.98GCMCX Goldman Sachs MidPairCorr
  0.96GCMDX Goldman Sachs LocalPairCorr
  0.99GCRTX Goldman Sachs AbsolutePairCorr
  0.98GCTCX Goldman Sachs TaxPairCorr
  0.95GCTMX Goldman Sachs InternPairCorr
  0.99GCSAX Goldman Sachs SmallPairCorr
  0.97GCSCX Goldman Sachs SmallPairCorr
  0.97GCSIX Goldman Sachs SmallPairCorr
  0.97GCSSX Goldman Sachs SmallPairCorr
  0.97GCSUX Goldman Sachs SmallPairCorr
  0.68GUIRX 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
  0.63GDFTX Goldman Sachs EPairCorr
  0.66GDEUX Goldman Sachs DynamicPairCorr
  0.91GDICX Goldman Sachs ShortPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY