Goldman Sachs Correlations

Mutual Funds . USA . 
Fund . Goldman Sachs Small
GCSAX Fund  USD 26.48  0.28  1.07%   
The current 90-days correlation between Goldman Sachs Small and American Century High is 0.64 (i.e., 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

Almost no diversification

The correlation between Goldman Sachs Small and DJI is 0.92 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Goldman Sachs Small 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 Small. 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 nation.

Moving together with Goldman Mutual Fund

  0.92GCEBX Goldman Sachs CleanPairCorr
  0.92GCEDX Goldman Sachs CleanPairCorr
  0.92GCEEX Goldman Sachs CleanPairCorr
  0.92GCEGX Goldman Sachs CleanPairCorr
  0.92GCEJX Goldman Sachs CleanPairCorr
  0.92GCEPX Goldman Sachs CleanPairCorr
  0.98GCGIX Goldman Sachs LargePairCorr
  0.75GCGVX Goldman Sachs DynamicPairCorr
  0.93GCICX Goldman Sachs InternPairCorr
  0.93GCIIX Goldman Sachs InternPairCorr
  0.93GCIRX Goldman Sachs InternPairCorr
  0.93GCISX Goldman Sachs InternPairCorr
  0.93GCITX Goldman Sachs InternPairCorr
  0.93GCIUX Goldman Sachs InternPairCorr
  0.93GCIAX Goldman Sachs InternPairCorr
  0.99GCLLX Goldman Sachs FlexiblePairCorr
  0.98GCLSX Goldman Sachs LargePairCorr
  0.98GCRTX Goldman Sachs AbsolutePairCorr
  0.99GCTCX Goldman Sachs TaxPairCorr
  0.99GCTIX Goldman Sachs TaxPairCorr
  0.93GCTMX Goldman Sachs InternPairCorr
  0.99GCTRX Goldman Sachs TaxPairCorr
  0.99GCTSX Goldman Sachs TaxPairCorr
  1.0GCSCX Goldman Sachs SmallPairCorr
  1.0GCSIX Goldman Sachs SmallPairCorr
  1.0GCSSX Goldman Sachs SmallPairCorr
  1.0GCSUX Goldman Sachs SmallPairCorr
  0.98GCVAX Goldman Sachs LargePairCorr
  0.98GCVCX Goldman Sachs LargePairCorr
  0.98GCVIX Goldman Sachs LargePairCorr
  0.98GCVUX Goldman Sachs LargePairCorr
  0.75GDEUX Goldman Sachs DynamicPairCorr
  0.89GDIAX Goldman Sachs ShortPairCorr
  0.9GDICX Goldman Sachs ShortPairCorr
  0.8GDIRX Goldman Sachs ShortPairCorr
  0.89GDIUX Goldman Sachs ShortPairCorr
  1.0GDSRX 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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