Goldman Sachs Correlations

Mutual Funds . USA . 
Fund . Goldman Sachs Global
GBIUX Fund  USD 11.25  0.21  1.83%   
The current 90-days correlation between Goldman Sachs Global and Shelton Emerging Markets is -0.1 (i.e., Good 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

Significant diversification

The correlation between Goldman Sachs Global and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Goldman Sachs Global 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 Global. 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 employment.

Moving together with Goldman Mutual Fund

  0.84GCFCX Goldman Sachs EPairCorr
  0.79GCFIX Goldman Sachs EPairCorr
  0.8GCFUX Goldman Sachs EPairCorr
  0.63GCICX Goldman Sachs InternPairCorr
  0.64GCIIX Goldman Sachs Intern Potential GrowthPairCorr
  0.63GCIRX Goldman Sachs InternPairCorr
  0.64GCISX Goldman Sachs InternPairCorr
  0.64GCITX Goldman Sachs InternPairCorr
  0.64GCIUX Goldman Sachs InternPairCorr
  0.64GCIAX Goldman Sachs InternPairCorr
  0.74GCMDX Goldman Sachs LocalPairCorr
  0.61GCRTX Goldman Sachs AbsolutePairCorr
  0.73GCTMX Goldman Sachs InternPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
POEIX
+ 0.9
ZEMIX
ZEMIX
+ 0.84
EMSLX
AMTOX
+ 0.68
EMSLX
POEIX
+ 0.68
EMSLX
AMTOX
+ 0.43
ZEMIX
POEIX
+ 0.25
AMTOX
  
High negative correlations   
LOTCX
- 0.28
EMSLX
AMTOX
- 0.23
LOTCX
LOTCX
- 0.13
ZEMIX
POEIX
- 0.02
LOTCX

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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