Goldman Sachs Correlations

GHYCX Fund

USD 9.33 0.08 0.86%

The current 90-days correlation between Goldman Sachs High and Ultra Short Term Fixed is 0.07 (i.e., Significant 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 good diversification

The correlation between Goldman Sachs High and DJI is -0.3 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Goldman Sachs High 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 High. 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 main economic indicators.

Moving together with Goldman Mutual Fund

0.74	GCEBX	Goldman Sachs Clean	Pair Corr
0.74	GCEDX	Goldman Sachs Clean	Pair Corr
0.74	GCEEX	Goldman Sachs Clean	Pair Corr
0.74	GCEGX	Goldman Sachs Clean	Pair Corr
0.74	GCEJX	Goldman Sachs Clean	Pair Corr
0.74	GCEPX	Goldman Sachs Clean	Pair Corr
0.71	GCFCX	Goldman Sachs E	Pair Corr
0.75	GCFUX	Goldman Sachs E	Pair Corr
0.77	GDFIX	Goldman Sachs Short	Pair Corr
0.71	GDFRX	Goldman Sachs E	Pair Corr
0.73	GDFTX	Goldman Sachs E	Pair Corr

Related Correlations Analysis

	TSDUX	DIVHX	DSDYX	APDNX	CGEOX	LEQCX	LOGRX	PAEIX
TSDUX		0.86	-0.39	0.79	0.63	0.87	0.75	-0.04	TSDUX
DIVHX	0.86		-0.07	0.9	0.82	0.82	0.91	0.38	DIVHX
DSDYX	-0.39	-0.07		-0.13	-0.19	-0.38	-0.09	0.54	DSDYX
APDNX	0.79	0.9	-0.13		0.85	0.9	0.94	0.41	APDNX
CGEOX	0.63	0.82	-0.19	0.85		0.82	0.85	0.48	CGEOX
LEQCX	0.87	0.82	-0.38	0.9	0.82		0.85	0.09	LEQCX
LOGRX	0.75	0.91	-0.09	0.94	0.85	0.85		0.4	LOGRX
PAEIX	-0.04	0.38	0.54	0.41	0.48	0.09	0.4		PAEIX
	TSDUX	DIVHX	DSDYX	APDNX	CGEOX	LEQCX	LOGRX	PAEIX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

LOGRX	+ 0.94	APDNX
LOGRX	+ 0.91	DIVHX
APDNX	+ 0.9	DIVHX
LEQCX	+ 0.9	APDNX
LEQCX	+ 0.87	TSDUX
DIVHX	+ 0.86	TSDUX

High negative correlations

DSDYX	- 0.39	TSDUX
LEQCX	- 0.38	DSDYX
CGEOX	- 0.19	DSDYX
APDNX	- 0.13	DSDYX
LOGRX	- 0.09	DSDYX
DSDYX	- 0.07	DIVHX

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TSDUX	0.04	0.01	0.00	(9.63)	0.00	0.00	0.10	0.00	0.10
DIVHX	0.49	0.14	(0.05)	(7.12)	0.24	(0.58)	1.12	(0.74)	2.80
DSDYX	0.17	(0.01)	0.00	0.82	0.00	0.00	0.34	(0.29)	0.92
APDNX	0.55	0.14	(0.05)	(1.95)	0.34	(0.67)	1.17	(0.83)	2.70
CGEOX	0.73	0.13	(0.03)	41.42	0.83	(0.82)	1.91	(1.59)	5.30
LEQCX	0.41	0.12	(0.11)	(0.90)	0.22	(0.49)	0.91	(0.71)	2.20
LOGRX	0.47	0.11	(0.10)	(5.79)	0.30	(0.52)	0.81	(0.89)	2.24
PAEIX	0.70	0.04	(0.14)	(0.44)	0.85	(0.74)	1.62	(1.34)	3.91

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