Goldman Sachs Correlations

GSBD Stock

USD 10.63 0.16 1.53%

The current 90-days correlation between Goldman Sachs BDC and Carlyle Secured Lending is 0.2 (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.

Goldman Sachs Correlation With Market

Poor diversification

The correlation between Goldman Sachs BDC and DJI is 0.75 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Goldman Sachs BDC 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 BDC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving together with Goldman Stock

0.77	V	Visa Class A	Pair Corr
0.84	MA	Mastercard	Pair Corr
0.86	MS	Morgan Stanley	Pair Corr
0.9	VRTS	Virtus Investment	Pair Corr
0.99	FDUS	Fidus Investment Corp	Pair Corr
0.83	AXP	American Express	Pair Corr
0.79	COF	Capital One Financial	Pair Corr
0.64	DFS	Discover Financial	Pair Corr
0.88	EQH	Axa Equitable Holdings	Pair Corr
0.87	JXN	Jackson Financial	Pair Corr
0.85	SYF	Synchrony Financial	Pair Corr
0.63	OPFI	OppFi Inc Earnings Call This Week	Pair Corr
0.84	ORGN	Origin Materials	Pair Corr
0.82	OXSQ	Oxford Square Capital	Pair Corr
0.89	PNNT	PennantPark Investment Earnings Call This Week	Pair Corr
0.8	PYPL	PayPal Holdings	Pair Corr
0.89	ALLY	Ally Financial	Pair Corr
0.76	SEIC	SEI Investments	Pair Corr
0.89	SLRC	SLR Investment Corp Earnings Call This Week	Pair Corr
0.82	SOFI	SoFi Technologies	Pair Corr
0.85	UPST	Upstart Holdings Earnings Call Tomorrow	Pair Corr
0.91	C	Citigroup Earnings Call Tomorrow	Pair Corr
0.81	DHIL	Diamond Hill Investment Earnings Call This Week	Pair Corr
0.76	AC	Associated Capital Earnings Call This Week	Pair Corr
0.73	AX	Axos Financial	Pair Corr
0.86	BK	Bank of New York	Pair Corr
0.76	BN	Brookfield Corp Earnings Call This Week	Pair Corr
0.84	BX	Blackstone Group	Pair Corr
0.87	BY	Byline Bancorp	Pair Corr
0.87	CG	Carlyle Group	Pair Corr
0.81	FG	FG Annuities Life Earnings Call This Week	Pair Corr

Moving against Goldman Stock

0.34	CB	Chubb	Pair Corr
0.43	DB	Deutsche Bank AG	Pair Corr

Related Correlations Analysis

	CGBD	TSLX	GBDC	FDUS	NMFC	TCPC	TPVG	HTGC	TRIN
CGBD		0.88	0.92	0.89	0.97	0.93	0.97	0.92	0.87	CGBD
TSLX	0.88		0.94	0.81	0.93	0.8	0.9	0.84	0.94	TSLX
GBDC	0.92	0.94		0.84	0.97	0.89	0.92	0.92	0.89	GBDC
FDUS	0.89	0.81	0.84		0.9	0.87	0.9	0.87	0.78	FDUS
NMFC	0.97	0.93	0.97	0.9		0.95	0.97	0.93	0.9	NMFC
TCPC	0.93	0.8	0.89	0.87	0.95		0.94	0.95	0.76	TCPC
TPVG	0.97	0.9	0.92	0.9	0.97	0.94		0.94	0.88	TPVG
HTGC	0.92	0.84	0.92	0.87	0.93	0.95	0.94		0.79	HTGC
TRIN	0.87	0.94	0.89	0.78	0.9	0.76	0.88	0.79		TRIN
	CGBD	TSLX	GBDC	FDUS	NMFC	TCPC	TPVG	HTGC	TRIN

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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.

	Mean Deviation	Jensen Alpha	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
CGBD	1.49	(0.27)	(0.97)	2.11	(3.47)	11.79
TSLX	1.11	(0.05)	(0.40)	1.77	(2.45)	9.26
GBDC	1.14	(0.08)	(0.71)	1.98	(2.62)	11.04
FDUS	1.26	(0.08)	(0.21)	1.89	(2.37)	12.73
NMFC	1.30	(0.18)	(1.56)	1.88	(2.37)	14.02
TCPC	1.56	(0.37)	(1.55)	2.26	(4.69)	13.35
TPVG	1.56	(0.30)	(1.57)	3.18	(3.70)	13.17
HTGC	1.47	(0.21)	(1.77)	2.38	(3.43)	11.47
TRIN	1.44	(0.01)	(0.13)	3.27	(2.25)	12.50

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