Goldman Sachs Correlations

Mutual Funds . USA . 
Fund . Goldman Sachs Strategic
GGRCX Fund  USD 15.74  0.03  0.19%   
The current 90-days correlation between Goldman Sachs Strategic and Goldman Sachs Technology is 0.98 (i.e., Almost no 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 Strategic 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 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 main economic indicators.

Moving together with Goldman Mutual Fund

  0.93GCEBX Goldman Sachs CleanPairCorr
  0.94GCEDX Goldman Sachs CleanPairCorr
  0.94GCEEX Goldman Sachs CleanPairCorr
  0.94GCEGX Goldman Sachs CleanPairCorr
  0.94GCEJX Goldman Sachs CleanPairCorr
  0.94GCEPX Goldman Sachs CleanPairCorr
  0.98GCGIX Goldman Sachs LargePairCorr
  0.72GCGVX Goldman Sachs DynamicPairCorr
  0.63GCFCX Goldman Sachs EPairCorr
  0.66GCFIX Goldman Sachs EPairCorr
  0.95GCICX Goldman Sachs InternPairCorr
  0.95GCIIX Goldman Sachs InternPairCorr
  0.95GCIRX Goldman Sachs InternPairCorr
  0.95GCISX Goldman Sachs InternPairCorr
  0.95GCITX Goldman Sachs InternPairCorr
  0.95GCIAX Goldman Sachs InternPairCorr
  0.98GCMRX Goldman Sachs MidPairCorr
  0.98GCMTX Goldman Sachs MidPairCorr
  0.97GCMAX Goldman Sachs MidPairCorr
  0.99GCRTX Goldman Sachs AbsolutePairCorr
  0.98GCTAX Goldman Sachs TaxPairCorr
  1.0GCTIX Goldman Sachs TaxPairCorr
  0.95GCTMX Goldman Sachs InternPairCorr
  0.98GCSAX Goldman Sachs SmallPairCorr
  0.99GCSIX Goldman Sachs SmallPairCorr
  0.83GUIRX Goldman Sachs DynamicPairCorr
  0.97GCVAX Goldman Sachs LargePairCorr
  0.98GCVCX Goldman Sachs LargePairCorr
  0.98GCVIX Goldman Sachs LargePairCorr
  0.99GCVTX Goldman Sachs LargePairCorr
  0.99GCVUX Goldman Sachs LargePairCorr
  0.92GDFIX Goldman Sachs ShortPairCorr
  0.73GDEUX Goldman Sachs DynamicPairCorr
  0.95GDIRX Goldman Sachs ShortPairCorr
  0.92GDIUX Goldman Sachs ShortPairCorr
  0.99GDSRX Goldman Sachs SmallPairCorr
  0.95GDUSX Goldman Sachs ShortPairCorr
  1.0GVIRX Goldman Sachs EquityPairCorr
  0.92GEADX Goldman Sachs EnhancedPairCorr
  0.98GEBRX 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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