Goldman Sachs Correlations

Mutual Funds . USA . 
Fund . Goldman Sachs Strategic
GSTIX Fund  USD 13.84  0.15  1.10%   
The current 90-days correlation between Goldman Sachs Strategic and Barings High Yield is 0.27 (i.e., Modest 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 -0.06 (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 gross domestic product.

Moving together with Goldman Mutual Fund

  0.86GCEBX Goldman Sachs CleanPairCorr
  0.86GCEDX Goldman Sachs CleanPairCorr
  0.86GCEEX Goldman Sachs CleanPairCorr
  0.86GCEGX Goldman Sachs CleanPairCorr
  0.86GCEJX Goldman Sachs CleanPairCorr
  0.86GCEPX Goldman Sachs CleanPairCorr
  0.95GCGIX Goldman Sachs LargePairCorr
  0.62GCGVX Goldman Sachs DynamicPairCorr
  0.84GCICX Goldman Sachs InternPairCorr
  0.83GCIIX Goldman Sachs InternPairCorr
  0.87GCIRX Goldman Sachs InternPairCorr
  0.86GCISX Goldman Sachs InternPairCorr
  0.86GCITX Goldman Sachs InternPairCorr
  0.86GCIUX Goldman Sachs InternPairCorr
  0.86GCIAX Goldman Sachs InternPairCorr
  0.86GCMRX Goldman Sachs MidPairCorr
  0.84GCMTX Goldman Sachs MidPairCorr
  0.85GCMUX Goldman Sachs MidPairCorr
  0.88GCLLX Goldman Sachs FlexiblePairCorr
  0.82GCLSX Goldman Sachs LargePairCorr
  0.83GCMAX Goldman Sachs MidPairCorr
  0.85GCMCX Goldman Sachs MidPairCorr
  0.76GCMDX Goldman Sachs LocalPairCorr
  0.8GCRTX Goldman Sachs AbsolutePairCorr
  0.89GCTAX Goldman Sachs TaxPairCorr
  0.88GCTCX Goldman Sachs TaxPairCorr
  0.88GCTIX Goldman Sachs TaxPairCorr
  0.86GCTMX Goldman Sachs InternPairCorr
  0.86GCTRX Goldman Sachs TaxPairCorr
  0.87GCTSX Goldman Sachs TaxPairCorr
  0.87GCSAX Goldman Sachs SmallPairCorr
  0.85GCSCX Goldman Sachs SmallPairCorr
  0.85GCSIX Goldman Sachs SmallPairCorr
  0.87GCSSX Goldman Sachs SmallPairCorr
  0.85GCSUX Goldman Sachs SmallPairCorr

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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