Goldman Sachs Correlations

Mutual Funds . USA . 
Fund . Goldman Sachs Large
GCVUX Fund  USD 25.28  0.12  0.47%   
The current 90-days correlation between Goldman Sachs Large and Legg Mason Partners is 0.83 (i.e., Very poor 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 0.9 (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 housing.

Moving together with Goldman Mutual Fund

  0.63GCEBX Goldman Sachs Clean Steady GrowthPairCorr
  0.66GCEDX Goldman Sachs Clean Steady GrowthPairCorr
  0.66GCEEX Goldman Sachs Clean Steady GrowthPairCorr
  0.65GCEGX Goldman Sachs CleanPairCorr
  0.66GCEJX Goldman Sachs Clean Steady GrowthPairCorr
  0.66GCEPX Goldman Sachs Clean Steady GrowthPairCorr
  0.81GCGIX Goldman Sachs LargePairCorr
  0.81GCFCX Goldman Sachs EPairCorr
  0.81GCFIX Goldman Sachs EPairCorr
  0.82GCFUX Goldman Sachs EPairCorr
  0.89GCICX Goldman Sachs InternPairCorr
  0.85GCIIX Goldman Sachs InternPairCorr
  0.89GCIRX Goldman Sachs InternPairCorr
  0.89GCISX Goldman Sachs InternPairCorr
  0.89GCITX Goldman Sachs InternPairCorr
  0.89GCIUX Goldman Sachs InternPairCorr
  0.85GCIAX Goldman Sachs InternPairCorr
  0.81GCMRX Goldman Sachs MidPairCorr
  0.82GCMTX Goldman Sachs MidPairCorr
  0.82GCMUX Goldman Sachs MidPairCorr
  0.78GCLLX Goldman Sachs FlexiblePairCorr
  0.94GCLSX Goldman Sachs LargePairCorr
  0.74GCMAX Goldman Sachs MidPairCorr
  0.8GCMCX Goldman Sachs MidPairCorr
  0.86GCMDX Goldman Sachs LocalPairCorr
  0.9GCRTX Goldman Sachs AbsolutePairCorr
  0.87GCTAX Goldman Sachs TaxPairCorr
  0.87GCTCX Goldman Sachs TaxPairCorr
  0.92GCTIX Goldman Sachs TaxPairCorr
  0.87GCTMX Goldman Sachs InternPairCorr
  0.92GCTRX Goldman Sachs TaxPairCorr
  0.87GCTSX Goldman Sachs TaxPairCorr
  0.92GCSAX Goldman Sachs SmallPairCorr
  0.96GCSCX Goldman Sachs SmallPairCorr
  0.97GCSIX Goldman Sachs SmallPairCorr
  0.96GCSSX Goldman Sachs SmallPairCorr
  0.96GCSUX Goldman Sachs SmallPairCorr
  0.82GUIRX Goldman Sachs DynamicPairCorr
  0.94GCVAX Goldman Sachs LargePairCorr
  1.0GCVCX 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.

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