Goldman Sachs Correlations

Mutual Funds . USA . 
Fund . Goldman Sachs Small
GCSIX Fund  USD 31.37  0.60  1.95%   
The current 90-days correlation between Goldman Sachs Small and Invesco Global Health is -0.04 (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 -0.07 (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 gross domestic product.

Moving together with Goldman Mutual Fund

  0.84GCGIX Goldman Sachs LargePairCorr
  0.86GCFCX Goldman Sachs EPairCorr
  0.7GCFIX Goldman Sachs EPairCorr
  0.87GCFUX Goldman Sachs EPairCorr
  0.89GCICX Goldman Sachs InternPairCorr
  0.9GCIIX Goldman Sachs InternPairCorr
  0.9GCIRX Goldman Sachs InternPairCorr
  0.9GCISX Goldman Sachs InternPairCorr
  0.9GCITX Goldman Sachs InternPairCorr
  0.9GCIUX Goldman Sachs InternPairCorr
  0.86GCIAX Goldman Sachs InternPairCorr
  0.81GCMRX Goldman Sachs MidPairCorr
  0.81GCMTX Goldman Sachs MidPairCorr
  0.82GCMUX Goldman Sachs MidPairCorr
  0.89GCLLX Goldman Sachs FlexiblePairCorr
  0.97GCLSX Goldman Sachs LargePairCorr
  0.66GCMAX Goldman Sachs MidPairCorr
  0.79GCMCX Goldman Sachs MidPairCorr
  0.9GCMDX Goldman Sachs LocalPairCorr
  0.92GCRTX Goldman Sachs AbsolutePairCorr
  0.88GCTAX Goldman Sachs TaxPairCorr
  0.92GCTCX Goldman Sachs TaxPairCorr
  0.92GCTIX Goldman Sachs TaxPairCorr
  0.89GCTMX Goldman Sachs InternPairCorr
  0.92GCTRX Goldman Sachs TaxPairCorr
  0.92GCTSX Goldman Sachs TaxPairCorr
  0.95GCSAX Goldman Sachs SmallPairCorr
  1.0GCSCX Goldman Sachs SmallPairCorr
  1.0GCSSX Goldman Sachs SmallPairCorr
  1.0GCSUX Goldman Sachs SmallPairCorr
  0.88GUIRX Goldman Sachs DynamicPairCorr
  0.93GCVAX Goldman Sachs LargePairCorr
  0.92GCVCX 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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