Goldman Sachs Correlations

Mutual Funds . USA . 
Fund . Goldman Sachs E
GCFIX Fund  USD 9.32  0.01  0.11%   
The current 90-days correlation between Goldman Sachs E and Lord Abbett Inflation is -0.07 (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 E and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Goldman Sachs E 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 E. 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

  0.72GCEBX Goldman Sachs CleanPairCorr
  0.77GCGIX Goldman Sachs LargePairCorr
  1.0GCFCX Goldman Sachs EPairCorr
  0.85GCFUX Goldman Sachs EPairCorr
  0.8GCICX Goldman Sachs InternPairCorr
  0.8GCIIX Goldman Sachs InternPairCorr
  0.8GCIRX Goldman Sachs InternPairCorr
  0.8GCISX Goldman Sachs InternPairCorr
  0.8GCITX Goldman Sachs InternPairCorr
  0.8GCIUX Goldman Sachs InternPairCorr
  0.81GCIAX Goldman Sachs InternPairCorr
  0.8GCLSX Goldman Sachs LargePairCorr
  0.84GCMDX Goldman Sachs LocalPairCorr
  0.77GCRTX Goldman Sachs AbsolutePairCorr
  0.84GCTAX Goldman Sachs TaxPairCorr
  0.85GCTCX Goldman Sachs TaxPairCorr
  0.77GCTIX Goldman Sachs TaxPairCorr
  0.78GCTMX Goldman Sachs InternPairCorr
  0.85GCTRX Goldman Sachs TaxPairCorr
  0.85GCTSX Goldman Sachs TaxPairCorr
  0.88GCSAX Goldman Sachs SmallPairCorr
  0.88GCSCX Goldman Sachs SmallPairCorr
  0.89GCSIX Goldman Sachs SmallPairCorr
  0.89GCSSX Goldman Sachs SmallPairCorr
  0.89GCSUX Goldman Sachs SmallPairCorr
  0.95GUIRX Goldman Sachs DynamicPairCorr
  0.81GCVAX Goldman Sachs LargePairCorr
  0.77GCVCX Goldman Sachs LargePairCorr

Related Correlations Analysis


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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