Goldman Sachs Correlations

Mutual Funds . USA . 
Fund . Goldman Sachs Inflation
GGJPX Fund  USD 9.70  0.01  0.10%   
The current 90-days correlation between Goldman Sachs Inflation and Goldman Sachs Clean is -0.05 (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

Significant diversification

The correlation between Goldman Sachs Inflation and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Goldman Sachs Inflation 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 Inflation. 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 producer price index.

Moving together with Goldman Mutual Fund

  0.66GCEBX Goldman Sachs CleanPairCorr
  0.67GCEDX Goldman Sachs CleanPairCorr
  0.66GCEEX Goldman Sachs CleanPairCorr
  0.66GCEGX Goldman Sachs CleanPairCorr
  0.66GCEJX Goldman Sachs CleanPairCorr
  0.66GCEPX Goldman Sachs CleanPairCorr
  0.77GCGIX Goldman Sachs LargePairCorr
  0.93GCFCX Goldman Sachs EPairCorr
  0.93GCFIX Goldman Sachs EPairCorr
  0.96GCFUX Goldman Sachs EPairCorr
  0.78GCICX Goldman Sachs InternPairCorr
  0.78GCIIX Goldman Sachs InternPairCorr
  0.78GCIRX Goldman Sachs InternPairCorr
  0.78GCISX Goldman Sachs InternPairCorr
  0.78GCITX Goldman Sachs InternPairCorr
  0.78GCIUX Goldman Sachs InternPairCorr
  0.77GCIAX Goldman Sachs InternPairCorr
  0.67GCMRX Goldman Sachs MidPairCorr
  0.68GCMTX Goldman Sachs MidPairCorr
  0.68GCMUX Goldman Sachs MidPairCorr
  0.77GCLLX Goldman Sachs FlexiblePairCorr
  0.83GCLSX Goldman Sachs LargePairCorr
  0.66GCMAX Goldman Sachs MidPairCorr
  0.65GCMCX Goldman Sachs MidPairCorr
  0.73GCMDX Goldman Sachs LocalPairCorr
  0.8GCRTX Goldman Sachs AbsolutePairCorr
  0.81GCTAX Goldman Sachs TaxPairCorr
  0.83GCTCX Goldman Sachs TaxPairCorr
  0.83GCTIX Goldman Sachs TaxPairCorr
  0.76GCTMX Goldman Sachs InternPairCorr
  0.83GCTRX Goldman Sachs TaxPairCorr
  0.83GCTSX Goldman Sachs TaxPairCorr
  0.87GCSAX Goldman Sachs SmallPairCorr
  0.89GCSCX Goldman Sachs SmallPairCorr
  0.89GCSIX Goldman Sachs SmallPairCorr
  0.89GCSSX Goldman Sachs Small Potential GrowthPairCorr
  0.89GCSUX Goldman Sachs SmallPairCorr
  0.9GUIRX Goldman Sachs DynamicPairCorr
  0.83GCVAX Goldman Sachs LargePairCorr
  0.84GCVCX 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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
GCEBX  0.65  0.21  0.12 (1.73) 0.44 
(0.77)
 1.74 
(0.92)
 4.04 
GCEDX  0.65  0.16  0.13  0.47  0.46 
(0.79)
 1.74 
(0.92)
 4.14 
GCEEX  0.65  0.16  0.14  0.47  0.43 
(0.75)
 1.74 
(0.92)
 4.04 
GCEGX  0.65  0.16  0.13  0.45  0.47 
(0.77)
 1.76 
(0.93)
 4.07 
GCEJX  0.64  0.16  0.14  0.47  0.45 
(0.77)
 1.74 
(0.92)
 4.04 
GCEPX  0.64  0.16  0.14  0.48  0.43 
(0.75)
 1.74 
(0.92)
 4.04 
GCGIX  0.67  0.18  0.06 (0.87) 0.75 
(0.74)
 1.54 
(1.19)
 5.01 
GCFCX  0.19  0.03 (0.29) 1.17  0.00 
(0.26)
 0.43 
(0.32)
 1.30 
GCFIX  0.19  0.04 (0.28) 1.48  0.00 
(0.26)
 0.43 
(0.32)
 1.30 
GCFUX  0.19  0.03 (0.31) 1.31  0.00 
(0.25)
 0.43 
(0.32)
 1.30 

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