Goldman Sachs Correlations

Mutual Funds . USA . 
Fund . Goldman Sachs Mid
GCMCX Fund  USD 29.32  0.29  1.00%   
The current 90-days correlation between Goldman Sachs Mid and Rational Defensive Growth is 0.84 (i.e., Very poor 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 Mid and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Goldman Sachs Mid 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 Mid. 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
  0.93GCEDX Goldman Sachs CleanPairCorr
  0.93GCEEX Goldman Sachs CleanPairCorr
  0.93GCEGX Goldman Sachs CleanPairCorr
  0.93GCEJX Goldman Sachs CleanPairCorr
  0.93GCEPX Goldman Sachs CleanPairCorr
  0.98GCGIX Goldman Sachs LargePairCorr
  0.71GCGVX Goldman Sachs DynamicPairCorr
  0.65GCFIX Goldman Sachs EPairCorr
  0.62GCFUX Goldman Sachs EPairCorr
  0.93GCICX Goldman Sachs InternPairCorr
  0.95GCIIX Goldman Sachs InternPairCorr
  0.93GCIRX Goldman Sachs InternPairCorr
  0.95GCISX Goldman Sachs InternPairCorr
  0.95GCITX Goldman Sachs InternPairCorr
  0.94GCIUX Goldman Sachs InternPairCorr
  0.95GCIAX Goldman Sachs InternPairCorr
  0.98GCMRX Goldman Sachs MidPairCorr
  1.0GCMTX Goldman Sachs MidPairCorr
  0.98GCMUX Goldman Sachs MidPairCorr
  0.99GCLLX Goldman Sachs FlexiblePairCorr
  1.0GCLSX Goldman Sachs LargePairCorr
  1.0GCMAX Goldman Sachs MidPairCorr
  0.95GCMDX Goldman Sachs LocalPairCorr
  0.99GCRTX Goldman Sachs AbsolutePairCorr
  0.98GCTAX Goldman Sachs TaxPairCorr
  0.98GCTCX Goldman Sachs TaxPairCorr
  0.98GCTIX Goldman Sachs TaxPairCorr
  0.93GCTMX Goldman Sachs InternPairCorr
  0.99GCTRX Goldman Sachs TaxPairCorr
  0.98GCTSX Goldman Sachs TaxPairCorr
  0.97GCSAX Goldman Sachs SmallPairCorr
  0.97GCSCX Goldman Sachs SmallPairCorr
  0.97GCSIX Goldman Sachs SmallPairCorr
  0.97GCSSX Goldman Sachs SmallPairCorr
  0.97GCSUX Goldman Sachs SmallPairCorr
  0.77GUIRX Goldman Sachs DynamicPairCorr

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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