Goldman Sachs Correlations

GS Stock

USD 519.35 1.56 0.30%

The current 90-days correlation between Goldman Sachs Group and Visa Class A is 0.22 (i.e., Modest 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 Group and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Goldman Sachs Group 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 Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with Goldman Stock

0.62	MCAA	Mountain I Acquisition	Pair Corr
0.88	AB	AllianceBernstein	Pair Corr
0.75	AC	Associated Capital	Pair Corr
0.75	BN	Brookfield Corp	Pair Corr
0.71	BX	Blackstone Group Fiscal Year End 23rd of January 2025	Pair Corr
0.79	CG	Carlyle Group	Pair Corr
0.88	LC	LendingClub Corp	Pair Corr
0.62	LX	Lexinfintech Holdings	Pair Corr
0.67	MA	Mastercard	Pair Corr
0.67	MC	Moelis	Pair Corr
0.9	MS	Morgan Stanley Fiscal Year End 21st of January 2025	Pair Corr
0.72	PX	P10 Inc	Pair Corr
0.68	QD	Qudian Inc	Pair Corr
0.82	SF	Stifel Financial Fiscal Year End 22nd of January 2025	Pair Corr
0.77	TW	Tradeweb Markets	Pair Corr
0.67	WD	Walker Dunlop	Pair Corr
0.84	MFIN	Medallion Financial Corp Normal Trading	Pair Corr

Moving against Goldman Stock

0.65	MDBH	MDB Capital Holdings,	Pair Corr
0.38	MSSAU	Metal Sky Star	Pair Corr
0.37	PT	Pintec Technology	Pair Corr
0.56	DMYY	dMY Squared Technology	Pair Corr

Related Correlations Analysis

	V	DHIL	MBIN	MCAA	MCAG	DIST	MCVT	MSSAU	AB	AC
V		0.47	0.2	0.65	0.79	0.59	0.25	-0.66	0.6	0.55	V
DHIL	0.47		0.66	0.25	0.21	0.11	0.21	-0.63	0.43	0.32	DHIL
MBIN	0.2	0.66		0.01	-0.1	-0.14	0.28	-0.43	0.04	-0.02	MBIN
MCAA	0.65	0.25	0.01		0.71	0.73	-0.22	-0.38	0.73	0.67	MCAA
MCAG	0.79	0.21	-0.1	0.71		0.73	0.08	-0.52	0.56	0.55	MCAG
DIST	0.59	0.11	-0.14	0.73	0.73		-0.22	-0.33	0.72	0.84	DIST
MCVT	0.25	0.21	0.28	-0.22	0.08	-0.22		-0.3	-0.2	-0.25	MCVT
MSSAU	-0.66	-0.63	-0.43	-0.38	-0.52	-0.33	-0.3		-0.36	-0.36	MSSAU
AB	0.6	0.43	0.04	0.73	0.56	0.72	-0.2	-0.36		0.87	AB
AC	0.55	0.32	-0.02	0.67	0.55	0.84	-0.25	-0.36	0.87		AC
	V	DHIL	MBIN	MCAA	MCAG	DIST	MCVT	MSSAU	AB	AC

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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

AC	+ 0.87	AB
AC	+ 0.84	DIST
MCAG	+ 0.79	V
DIST	+ 0.73	MCAA
AB	+ 0.73	MCAA
DIST	+ 0.73	MCAG

High negative correlations

MSSAU	- 0.66	V
MSSAU	- 0.63	DHIL
MSSAU	- 0.52	MCAG
MSSAU	- 0.43	MBIN
MSSAU	- 0.38	MCAA
AC	- 0.36	MSSAU

Risk-Adjusted Indicators

There is a big difference between Goldman Stock performing well and Goldman Sachs Company 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
V	0.80	0.10	0.05	0.19	1.28	(0.82)	2.17	(1.30)	7.73
DHIL	1.13	(0.10)	0.00	(0.02)	0.00	0.00	2.20	(2.64)	5.31
MBIN	1.77	(0.28)	0.00	(0.17)	0.00	0.00	2.92	(3.37)	23.07
MCAA	0.10	0.01	(0.19)	(2.96)	0.00	(0.21)	0.34	(0.26)	1.02
MCAG	0.26	0.08	0.03	(0.84)	0.00	(0.87)	1.17	(0.45)	3.53
DIST	0.10	0.02	(0.20)	(4.74)	0.00	(0.24)	0.28	(0.18)	0.65
MCVT	3.38	(0.33)	0.00	(0.20)	0.00	0.00	9.77	(9.27)	26.98
MSSAU	0.08	0.01	0.00	0.02	0.00	0.00	0.00	0.00	4.36
AB	0.93	0.05	0.04	0.10	1.27	(1.00)	2.09	(2.22)	5.09
AC	1.31	0.13	0.06	0.21	1.85	(1.42)	3.02	(2.98)	12.11

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