Goldman Sachs Correlations

Mutual Funds . USA . 
Fund . Goldman Sachs Large
GCGIX Fund  USD 33.91  0.02  0.06%   
The current 90-days correlation between Goldman Sachs Large and Vest Large Cap is -0.21 (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 Large 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 Large 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 Large. 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

  0.81GCEBX Goldman Sachs CleanPairCorr
  0.81GCEDX Goldman Sachs CleanPairCorr
  0.81GCEEX Goldman Sachs CleanPairCorr
  0.81GCEGX Goldman Sachs CleanPairCorr
  0.81GCEJX Goldman Sachs CleanPairCorr
  0.81GCEPX Goldman Sachs CleanPairCorr
  0.63GCGVX Goldman Sachs DynamicPairCorr
  0.88GCICX Goldman Sachs InternPairCorr
  0.88GCIIX Goldman Sachs InternPairCorr
  0.88GCIRX Goldman Sachs InternPairCorr
  0.88GCISX Goldman Sachs InternPairCorr
  0.88GCITX Goldman Sachs InternPairCorr
  0.88GCIUX Goldman Sachs InternPairCorr
  0.88GCIAX Goldman Sachs InternPairCorr
  0.89GCMRX Goldman Sachs MidPairCorr
  0.89GCMTX Goldman Sachs MidPairCorr
  0.89GCMUX Goldman Sachs MidPairCorr
  0.99GCLLX Goldman Sachs FlexiblePairCorr
  0.9GCLSX Goldman Sachs LargePairCorr
  0.89GCMAX Goldman Sachs MidPairCorr
  0.94GCMCX Goldman Sachs MidPairCorr
  0.77GCMDX Goldman Sachs LocalPairCorr
  0.84GCRTX Goldman Sachs AbsolutePairCorr
  0.93GCTAX Goldman Sachs TaxPairCorr
  0.99GCTCX Goldman Sachs TaxPairCorr
  0.99GCTIX Goldman Sachs TaxPairCorr
  0.88GCTMX Goldman Sachs InternPairCorr
  0.93GCTRX Goldman Sachs TaxPairCorr
  0.93GCTSX Goldman Sachs TaxPairCorr
  0.89GCSAX Goldman Sachs SmallPairCorr
  0.88GCSCX Goldman Sachs SmallPairCorr
  0.89GCSIX Goldman Sachs SmallPairCorr
  0.89GCSSX Goldman Sachs SmallPairCorr
  0.89GCSUX 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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