Goldman Sachs Correlations

Mutual Funds . USA . 
Fund . Goldman Sachs Small
GCSSX Fund  USD 23.26  0.12  0.51%   
The current 90-days correlation between Goldman Sachs Small and Nationwide Bailard Technology is 0.6 (i.e., Poor 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 0.71 (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 state.

Moving together with Goldman Mutual Fund

  0.95GCGIX Goldman Sachs LargePairCorr
  0.96GCGVX Goldman Sachs DynamicPairCorr
  0.96GCMRX Goldman Sachs MidPairCorr
  0.96GCMTX Goldman Sachs MidPairCorr
  0.96GCMUX Goldman Sachs MidPairCorr
  0.97GCLLX Goldman Sachs FlexiblePairCorr
  0.7GCLSX Goldman Sachs LargePairCorr
  0.96GCMAX Goldman Sachs MidPairCorr
  0.96GCMCX Goldman Sachs MidPairCorr
  0.97GCTAX Goldman Sachs TaxPairCorr
  0.97GCTCX Goldman Sachs TaxPairCorr
  0.96GCTIX Goldman Sachs TaxPairCorr
  0.96GCTRX Goldman Sachs TaxPairCorr
  0.97GCTSX Goldman Sachs TaxPairCorr
  1.0GCSAX Goldman Sachs SmallPairCorr
  1.0GCSCX Goldman Sachs SmallPairCorr
  1.0GCSIX Goldman Sachs SmallPairCorr

Moving against Goldman Mutual Fund

  0.68GCEDX Goldman Sachs CleanPairCorr
  0.68GCEEX Goldman Sachs CleanPairCorr
  0.68GCEJX Goldman Sachs CleanPairCorr
  0.68GCEPX Goldman Sachs CleanPairCorr
  0.67GCEBX Goldman Sachs CleanPairCorr
  0.66GCEGX Goldman Sachs CleanPairCorr
  0.64GCFIX Goldman Sachs EPairCorr
  0.64GCFUX Goldman Sachs EPairCorr
  0.62GCFCX Goldman Sachs EPairCorr
  0.6GCICX Goldman Sachs InternPairCorr
  0.6GCIIX Goldman Sachs InternPairCorr
  0.6GCIRX Goldman Sachs InternPairCorr
  0.65GCMDX Goldman Sachs LocalPairCorr
  0.6GCISX Goldman Sachs InternPairCorr
  0.6GCITX Goldman Sachs InternPairCorr
  0.6GCIUX Goldman Sachs InternPairCorr
  0.6GCIAX Goldman Sachs InternPairCorr
  0.65GDFRX Goldman Sachs EPairCorr
  0.6GDFIX Goldman Sachs ShortPairCorr
  0.59GCTMX Goldman Sachs InternPairCorr

Related Correlations Analysis

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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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