Goldman Sachs Correlations

Mutual Funds . USA . 
Fund . Goldman Sachs Large
GCVIX Fund  USD 24.18  0.12  0.50%   
The current 90-days correlation between Goldman Sachs Large and Goldman Sachs Large is -0.13 (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

Almost no diversification

The correlation between Goldman Sachs Large and DJI is 0.93 (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 Large 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 Large. 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

  0.92GCEBX 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
  0.97GCGIX Goldman Sachs LargePairCorr
  0.68GCGVX Goldman Sachs DynamicPairCorr
  0.62GCFCX Goldman Sachs EPairCorr
  0.66GCFIX Goldman Sachs EPairCorr
  0.66GCFUX Goldman Sachs EPairCorr
  0.94GCICX Goldman Sachs InternPairCorr
  0.93GCIIX Goldman Sachs InternPairCorr
  0.94GCIRX Goldman Sachs InternPairCorr
  0.93GCISX Goldman Sachs InternPairCorr
  0.93GCITX Goldman Sachs InternPairCorr
  0.94GCIUX Goldman Sachs InternPairCorr
  0.93GCIAX Goldman Sachs InternPairCorr
  1.0GCMRX Goldman Sachs MidPairCorr
  0.97GCMTX Goldman Sachs MidPairCorr
  1.0GCMUX Goldman Sachs MidPairCorr
  0.97GCLLX Goldman Sachs FlexiblePairCorr
  0.97GCLSX Goldman Sachs LargePairCorr
  0.97GCMAX Goldman Sachs MidPairCorr
  0.97GCMCX Goldman Sachs MidPairCorr
  0.95GCMDX Goldman Sachs LocalPairCorr
  0.97GCRTX Goldman Sachs AbsolutePairCorr
  0.99GCTAX Goldman Sachs TaxPairCorr
  0.99GCTCX Goldman Sachs TaxPairCorr
  0.99GCTIX Goldman Sachs TaxPairCorr
  0.93GCTMX Goldman Sachs InternPairCorr
  0.97GCTRX Goldman Sachs TaxPairCorr
  0.99GCTSX Goldman Sachs TaxPairCorr
  0.99GCSAX Goldman Sachs SmallPairCorr
  0.99GCSCX Goldman Sachs SmallPairCorr
  0.99GCSIX Goldman Sachs SmallPairCorr
  0.99GCSSX Goldman Sachs SmallPairCorr
  0.99GCSUX Goldman Sachs SmallPairCorr
  0.79GUIRX 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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