Goldman Sachs Correlations

GCTXX Fund

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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.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Goldman Sachs Trust. Also, note that the market value of any money market fund could be closely tied with the direction of predictive economic indicators such as signals in interest.

Related Correlations Analysis

	TEOJX	EMSLX	ANBIX	FEMDX	SEDAX	EPEIX	ARCNX
TEOJX		0.89	0.81	0.81	0.84	0.83	0.56	TEOJX
EMSLX	0.89		0.72	0.8	0.81	0.86	0.63	EMSLX
ANBIX	0.81	0.72		0.92	0.95	0.7	0.63	ANBIX
FEMDX	0.81	0.8	0.92		0.95	0.66	0.8	FEMDX
SEDAX	0.84	0.81	0.95	0.95		0.77	0.72	SEDAX
EPEIX	0.83	0.86	0.7	0.66	0.77		0.37	EPEIX
ARCNX	0.56	0.63	0.63	0.8	0.72	0.37		ARCNX
	TEOJX	EMSLX	ANBIX	FEMDX	SEDAX	EPEIX	ARCNX

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Risk-Adjusted Indicators

There is a big difference between Goldman Money Market Fund performing well and Goldman Sachs Money Market 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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TEOJX	0.77	0.06	0.15	0.76	0.92	(0.83)	1.38	(1.53)	5.83
EMSLX	0.74	0.08	0.16	0.16	0.95	(0.73)	1.63	(1.36)	4.76
ANBIX	0.15	0.01	0.52	(0.49)	0.08	(0.21)	0.38	(0.38)	0.98
FEMDX	0.17	0.01	0.50	0.36	0.14	(0.21)	0.42	(0.34)	1.11
SEDAX	0.25	0.03	0.40	0.33	0.19	(0.34)	0.59	(0.36)	1.31
EPEIX	0.56	0.05	0.19	0.13	0.63	(0.64)	1.11	(1.13)	3.76
ARCNX	0.59	0.13	0.25	0.66	0.58	(0.64)	1.25	(1.27)	5.05

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Goldman Sachs Correlations

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