Goldman Sachs Correlations

Mutual Funds . USA . 
Fund . Goldman Sachs Large
GCVUX Fund  USD 24.43  0.10  0.41%   
The current 90-days correlation between Goldman Sachs Large and First American Funds is -0.07 (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

Poor diversification

The correlation between Goldman Sachs Large and DJI is 0.76 (i.e., Poor 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 employment.

Moving together with Goldman Mutual Fund

  0.64GCEBX Goldman Sachs CleanPairCorr
  0.93GCEDX Goldman Sachs CleanPairCorr
  0.93GCEEX Goldman Sachs CleanPairCorr
  0.93GCEGX Goldman Sachs CleanPairCorr
  0.79GCEJX Goldman Sachs CleanPairCorr
  0.93GCEPX Goldman Sachs CleanPairCorr
  0.98GCGIX Goldman Sachs LargePairCorr
  0.89GCICX Goldman Sachs InternPairCorr
  0.9GCIIX Goldman Sachs InternPairCorr
  0.78GCISX Goldman Sachs InternPairCorr
  0.9GCITX Goldman Sachs InternPairCorr
  0.74GCIUX Goldman Sachs InternPairCorr
  0.78GCIAX Goldman Sachs InternPairCorr
  1.0GCMRX Goldman Sachs MidPairCorr
  0.83GCMTX Goldman Sachs MidPairCorr
  0.83GCMUX Goldman Sachs MidPairCorr
  0.99GCLLX Goldman Sachs FlexiblePairCorr
  1.0GCLSX Goldman Sachs LargePairCorr
  1.0GCMAX Goldman Sachs MidPairCorr
  0.86GCMCX Goldman Sachs MidPairCorr
  0.83GCMDX Goldman Sachs LocalPairCorr
  0.84GCRTX Goldman Sachs AbsolutePairCorr
  0.86GCTAX Goldman Sachs TaxPairCorr
  0.99GCTCX Goldman Sachs TaxPairCorr
  0.85GCTIX Goldman Sachs TaxPairCorr
  0.77GCTMX Goldman Sachs InternPairCorr
  0.99GCTRX Goldman Sachs TaxPairCorr
  0.99GCTSX Goldman Sachs TaxPairCorr
  0.86GCSAX Goldman Sachs SmallPairCorr
  0.99GCSCX Goldman Sachs SmallPairCorr
  0.84GCSSX Goldman Sachs SmallPairCorr
  0.99GCSUX 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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