Goldman Sachs Correlations

Mutual Funds . USA . 
Fund . Goldman Sachs Strategic
GSZIX Fund  USD 9.56  0.01  0.10%   
The current 90-days correlation between Goldman Sachs Strategic and Goldman Sachs Small is 0.01 (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

Good diversification

The correlation between Goldman Sachs Strategic and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Goldman Sachs Strategic 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 Strategic. 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 gross domestic product.

Moving together with Goldman Mutual Fund

  0.82GCGIX Goldman Sachs LargePairCorr
  0.85GCFCX Goldman Sachs EPairCorr
  0.85GCFIX Goldman Sachs EPairCorr
  0.85GCFUX Goldman Sachs EPairCorr
  0.84GCICX Goldman Sachs InternPairCorr
  0.84GCIIX Goldman Sachs InternPairCorr
  0.84GCIRX Goldman Sachs InternPairCorr
  0.92GCISX Goldman Sachs InternPairCorr
  0.84GCITX Goldman Sachs InternPairCorr
  0.92GCIUX Goldman Sachs InternPairCorr
  0.92GCIAX Goldman Sachs InternPairCorr
  0.84GCMTX Goldman Sachs MidPairCorr
  0.94GCLLX Goldman Sachs FlexiblePairCorr
  0.91GCLSX Goldman Sachs LargePairCorr
  0.84GCMAX Goldman Sachs MidPairCorr
  0.83GCMCX Goldman Sachs MidPairCorr
  0.84GCMDX Goldman Sachs LocalPairCorr
  0.83GCRTX Goldman Sachs AbsolutePairCorr
  0.86GCTAX Goldman Sachs TaxPairCorr
  0.85GCTCX Goldman Sachs TaxPairCorr
  0.95GCTIX Goldman Sachs TaxPairCorr
  0.84GCTMX Goldman Sachs InternPairCorr
  0.86GCTRX Goldman Sachs TaxPairCorr
  0.86GCTSX Goldman Sachs TaxPairCorr
  0.89GCSAX Goldman Sachs SmallPairCorr
  0.96GCSCX Goldman Sachs SmallPairCorr
  0.97GCSIX Goldman Sachs SmallPairCorr
  0.96GCSSX Goldman Sachs SmallPairCorr
  0.97GCSUX Goldman Sachs SmallPairCorr
  0.93GUIRX Goldman Sachs DynamicPairCorr
  0.91GCVAX Goldman Sachs LargePairCorr
  0.85GCVCX 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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