Goldman Sachs Correlations

Mutual Funds USA . 
Fund . Goldman Sachs Asia
GSACX Fund  USD 23.83  0.22  0.93%   
The current 90-days correlation between Goldman Sachs Asia and Aqr Diversified Arbitrage is 0.23 (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

Weak diversification

The correlation between Goldman Sachs Asia and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Goldman Sachs Asia 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 Asia. 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 national income and product accounts.

Moving together with Goldman Mutual Fund

  0.71GCEBX Goldman Sachs CleanPairCorr
  0.71GCEDX Goldman Sachs CleanPairCorr
  0.71GCEEX Goldman Sachs CleanPairCorr
  0.69GCEGX Goldman Sachs CleanPairCorr
  0.71GCEJX Goldman Sachs CleanPairCorr
  0.71GCEPX Goldman Sachs CleanPairCorr
  0.95GCGIX Goldman Sachs LargePairCorr
  0.87GCFCX Goldman Sachs EPairCorr
  0.88GCFIX Goldman Sachs EPairCorr
  0.87GCFUX Goldman Sachs EPairCorr
  0.91GCICX Goldman Sachs InternPairCorr
  0.91GCIIX Goldman Sachs InternPairCorr
  0.91GCIRX Goldman Sachs InternPairCorr
  0.91GCISX Goldman Sachs InternPairCorr
  0.91GCITX Goldman Sachs InternPairCorr
  0.91GCIUX Goldman Sachs InternPairCorr
  0.91GCIAX Goldman Sachs InternPairCorr
  0.86GCMRX Goldman Sachs MidPairCorr
  0.86GCMTX Goldman Sachs MidPairCorr
  0.86GCMUX Goldman Sachs MidPairCorr
  0.96GCLLX Goldman Sachs FlexiblePairCorr
  0.91GCLSX Goldman Sachs LargePairCorr
  0.86GCMAX Goldman Sachs MidPairCorr
  0.85GCMCX Goldman Sachs MidPairCorr
  0.9GCMDX Goldman Sachs LocalPairCorr
  0.98GCRTX Goldman Sachs AbsolutePairCorr
  0.97GCTAX Goldman Sachs TaxPairCorr
  0.97GCTCX Goldman Sachs TaxPairCorr
  0.97GCTIX Goldman Sachs TaxPairCorr
  0.9GCTMX Goldman Sachs InternPairCorr
  0.97GCTRX Goldman Sachs TaxPairCorr
  0.97GCTSX Goldman Sachs TaxPairCorr
  0.94GCSAX Goldman Sachs SmallPairCorr
  0.94GCSCX Goldman Sachs SmallPairCorr
  0.94GCSIX Goldman Sachs SmallPairCorr
  0.94GCSSX Goldman Sachs SmallPairCorr
  0.94GCSUX Goldman Sachs SmallPairCorr
  0.88GUIRX Goldman Sachs DynamicPairCorr

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.

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