Goldman Sachs Correlations

Mutual Funds . USA . 
Fund . Goldman Sachs Small
GCSCX Fund  USD 19.43  0.09  0.46%   
The current 90-days correlation between Goldman Sachs Small and Ultrasmall Cap Profund Ultrasmall Cap is -0.17 (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 Small and DJI is -0.13 (i.e., Good 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 main economic indicators.

Moving together with Goldman Mutual Fund

  0.94GCEBX 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
  0.99GCGIX Goldman Sachs LargePairCorr
  0.93GCICX Goldman Sachs InternPairCorr
  0.94GCIIX Goldman Sachs InternPairCorr
  0.75GCIRX Goldman Sachs InternPairCorr
  0.67GCISX Goldman Sachs InternPairCorr
  0.67GCITX Goldman Sachs InternPairCorr
  0.93GCIUX Goldman Sachs InternPairCorr
  0.94GCIAX Goldman Sachs InternPairCorr
  0.97GCMRX Goldman Sachs MidPairCorr
  0.64GCMTX Goldman Sachs MidPairCorr
  0.99GCMUX Goldman Sachs MidPairCorr
  0.68GCLLX Goldman Sachs FlexiblePairCorr
  0.71GCLSX Goldman Sachs LargePairCorr
  0.99GCMAX Goldman Sachs MidPairCorr
  0.64GCMCX Goldman Sachs MidPairCorr
  0.61GCMDX Goldman Sachs LocalPairCorr
  0.63GCRTX Goldman Sachs AbsolutePairCorr
  0.73GCTAX Goldman Sachs TaxPairCorr
  0.65GCTCX Goldman Sachs TaxPairCorr
  0.73GCTIX Goldman Sachs TaxPairCorr
  0.75GCTMX Goldman Sachs InternPairCorr
  0.65GCTRX Goldman Sachs TaxPairCorr
  0.73GCTSX Goldman Sachs TaxPairCorr
  0.98GCSAX Goldman Sachs SmallPairCorr
  0.66GCSIX Goldman Sachs SmallPairCorr
  0.74GCSSX Goldman Sachs SmallPairCorr
  1.0GCSUX Goldman Sachs SmallPairCorr
  0.78GUIRX 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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