Goldman Sachs Correlations

Mutual Funds . USA . 
Fund . Goldman Sachs Small
GSYPX Fund  USD 43.07  0.13  0.30%   
The current 90-days correlation between Goldman Sachs Small and Royce Special Equity is 0.05 (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

Poor diversification

The correlation between Goldman Sachs Small 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 Small 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 Small. 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 producer price index.

Moving together with Goldman Mutual Fund

  0.61GCFCX Goldman Sachs EPairCorr
  0.61GCFUX Goldman Sachs EPairCorr
  0.71GCICX Goldman Sachs InternPairCorr
  0.71GCIIX Goldman Sachs InternPairCorr
  0.68GCIRX Goldman Sachs InternPairCorr
  0.71GCISX Goldman Sachs InternPairCorr
  0.71GCITX Goldman Sachs InternPairCorr
  0.71GCIUX Goldman Sachs InternPairCorr
  0.68GCIAX Goldman Sachs InternPairCorr
  0.92GCMRX Goldman Sachs MidPairCorr
  0.78GCMTX Goldman Sachs MidPairCorr
  0.92GCMUX Goldman Sachs MidPairCorr
  0.72GCLLX Goldman Sachs FlexiblePairCorr
  0.9GCLSX Goldman Sachs LargePairCorr
  0.78GCMAX Goldman Sachs MidPairCorr
  0.92GCMCX Goldman Sachs MidPairCorr
  0.72GCMDX Goldman Sachs LocalPairCorr
  0.69GCRTX Goldman Sachs AbsolutePairCorr
  0.67GCTAX Goldman Sachs TaxPairCorr
  0.74GCTCX Goldman Sachs TaxPairCorr
  0.74GCTIX Goldman Sachs TaxPairCorr
  0.71GCTMX Goldman Sachs InternPairCorr
  0.74GCTRX Goldman Sachs TaxPairCorr
  0.74GCTSX Goldman Sachs TaxPairCorr
  0.8GCSAX Goldman Sachs SmallPairCorr
  0.88GCSCX Goldman Sachs SmallPairCorr
  0.87GCSIX Goldman Sachs SmallPairCorr
  0.87GCSSX Goldman Sachs SmallPairCorr
  0.8GCSUX Goldman Sachs SmallPairCorr
  0.84GCVAX Goldman Sachs LargePairCorr
  0.91GCVCX Goldman Sachs LargePairCorr

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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