Goldman Sachs Correlations

Stocks . USA . 
Stock . Goldman Sachs Group
GS Stock  USD 640.80  5.56  0.88%   
The current 90-days correlation between Goldman Sachs Group and Morgan Stanley is 0.97 (i.e., Almost no 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 Group 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 Group and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with Goldman Stock
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

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  0.66DHIL Diamond Hill InvestmentPairCorr
  0.83AB AllianceBernsteinPairCorr
  0.85AC Associated CapitalPairCorr
  0.97BN Brookfield CorpPairCorr
  0.67BX Blackstone GroupPairCorr
  0.92CG Carlyle GroupPairCorr
  0.93DB Deutsche Bank AGPairCorr
  0.68LC LendingClub CorpPairCorr
  0.63LU Lufax HoldingPairCorr
  0.87MA MastercardPairCorr
  0.76MC MoelisPairCorr
  0.99MS Morgan StanleyPairCorr
  0.88QD Qudian IncPairCorr
  0.85SF Stifel FinancialPairCorr
  0.96WT WisdomTreePairCorr
  0.92XP Xp IncPairCorr
  0.81DMYY dMY Squared TechnologyPairCorr
  0.74DOMH Dominari HoldingsPairCorr
  0.95VCTR Victory Capital HoldingsPairCorr
  0.83VIRT Virtu Financial Normal TradingPairCorr
  0.84VRTS Virtus InvestmentPairCorr
  0.88EARN Ellington ResidentialPairCorr

Moving against Goldman Stock

  0.58PT Pintec TechnologyPairCorr
  0.43RM Regional Management CorpPairCorr
  0.43WU Western UnionPairCorr
  0.38WD Walker DunlopPairCorr
  0.33GCMGW GCM GrosvenorPairCorr
  0.8EZPW EZCORP Inc Sell-off TrendPairCorr
  0.64ANSCW Agriculture NaturalPairCorr
  0.56LGHLW Lion Financial GroupPairCorr

Related Correlations Analysis

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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.

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