Goldman Sachs Correlations

Mutual Funds . USA . 
Fund . Goldman Sachs Small
GCSUX Fund  USD 28.08  0.22  0.79%   
The current 90-days correlation between Goldman Sachs Small and Simt High Yield is 0.53 (i.e., Very weak 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

Very poor diversification

The correlation between Goldman Sachs Small and DJI is 0.84 (i.e., Very poor 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 employment.

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
  0.66GCGVX Goldman Sachs DynamicPairCorr
  0.61GCFCX Goldman Sachs EPairCorr
  0.66GCFIX Goldman Sachs EPairCorr
  0.67GCFUX Goldman Sachs EPairCorr
  0.94GCICX Goldman Sachs InternPairCorr
  0.94GCIIX Goldman Sachs InternPairCorr
  0.94GCIRX Goldman Sachs InternPairCorr
  0.94GCISX Goldman Sachs InternPairCorr
  0.94GCITX Goldman Sachs InternPairCorr
  0.94GCIUX Goldman Sachs InternPairCorr
  0.94GCIAX Goldman Sachs InternPairCorr
  0.99GCMRX Goldman Sachs MidPairCorr
  0.99GCMTX Goldman Sachs MidPairCorr
  0.99GCMUX Goldman Sachs MidPairCorr
  0.99GCLLX Goldman Sachs FlexiblePairCorr
  0.99GCLSX Goldman Sachs LargePairCorr
  0.99GCMAX Goldman Sachs MidPairCorr
  0.99GCMCX Goldman Sachs MidPairCorr
  0.96GCMDX Goldman Sachs LocalPairCorr
  0.99GCRTX Goldman Sachs AbsolutePairCorr
  0.99GCTAX Goldman Sachs TaxPairCorr
  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
  1.0GCSAX Goldman Sachs SmallPairCorr
  1.0GCSCX Goldman Sachs SmallPairCorr
  1.0GCSIX Goldman Sachs SmallPairCorr
  1.0GCSSX Goldman Sachs SmallPairCorr
  0.79GUIRX Goldman Sachs DynamicPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY