Goldman Sachs Correlations

Mutual Funds . USA . 
Fund . Goldman Sachs Absolute
GARTX Fund  USD 9.92  0.03  0.30%   
The current 90-days correlation between Goldman Sachs Absolute and Virtus Seix Government is 0.05 (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

Very poor diversification

The correlation between Goldman Sachs Absolute and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Goldman Sachs Absolute 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 Absolute. 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 estimate.

Moving together with Goldman Mutual Fund

  0.65GCEBX 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
  0.83GCGIX Goldman Sachs LargePairCorr
  0.61GCFCX Goldman Sachs EPairCorr
  0.66GCFIX Goldman Sachs EPairCorr
  0.67GCFUX Goldman Sachs EPairCorr
  0.81GCICX Goldman Sachs InternPairCorr
  0.81GCIIX Goldman Sachs InternPairCorr
  0.8GCIRX Goldman Sachs InternPairCorr
  0.94GCISX Goldman Sachs InternPairCorr
  0.94GCITX Goldman Sachs InternPairCorr
  0.81GCIAX Goldman Sachs InternPairCorr
  0.98GCMRX Goldman Sachs MidPairCorr
  0.98GCMTX Goldman Sachs MidPairCorr
  0.63GCMUX Goldman Sachs MidPairCorr
  0.99GCLLX Goldman Sachs FlexiblePairCorr
  0.98GCLSX Goldman Sachs LargePairCorr
  0.82GCMAX Goldman Sachs MidPairCorr
  0.98GCMCX Goldman Sachs MidPairCorr
  0.97GCMDX Goldman Sachs LocalPairCorr
  1.0GCRTX Goldman Sachs AbsolutePairCorr
  0.83GCTAX Goldman Sachs TaxPairCorr
  0.83GCTIX Goldman Sachs TaxPairCorr
  0.8GCTMX Goldman Sachs InternPairCorr
  0.68GCTSX Goldman Sachs TaxPairCorr
  0.84GCSAX Goldman Sachs SmallPairCorr
  0.65GCSCX Goldman Sachs SmallPairCorr
  0.99GCSIX Goldman Sachs SmallPairCorr
  0.83GCSSX Goldman Sachs SmallPairCorr
  0.65GCSUX Goldman Sachs SmallPairCorr
  0.73GUIRX Goldman Sachs DynamicPairCorr
  0.98GCVAX Goldman Sachs LargePairCorr
  0.84GCVCX 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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