Goldman Sachs Correlations

GDEF Etf

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The current 90-days correlation between Goldman Sachs and Vanguard Total Stock is -0.04 (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.

Goldman Sachs Correlation With Market

Good diversification

The correlation between Goldman Sachs and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Goldman Sachs 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. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with Goldman Etf

0.8	VTI	Vanguard Total Stock	Pair Corr
0.78	SPY	SPDR SP 500	Pair Corr
0.78	IVV	iShares Core SP	Pair Corr
0.63	VTV	Vanguard Value Index	Pair Corr
0.79	VUG	Vanguard Growth Index	Pair Corr
0.8	VO	Vanguard Mid Cap	Pair Corr
0.8	VB	Vanguard Small Cap	Pair Corr
0.91	DSJA	DSJA	Pair Corr
0.87	RSPY	Tuttle Capital Management	Pair Corr
0.83	MEME	Roundhill Investments	Pair Corr
0.81	DIS	Walt Disney	Pair Corr
0.85	CSCO	Cisco Systems	Pair Corr
0.81	WMT	Walmart Aggressive Push	Pair Corr
0.88	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.77	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.9	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.72	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.82	TRV	The Travelers Companies Sell-off Trend	Pair Corr

Moving against Goldman Etf

0.86	VEA	Vanguard FTSE Developed	Pair Corr
0.82	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.66	BND	Vanguard Total Bond	Pair Corr
0.53	PMBS	PIMCO Mortgage Backed	Pair Corr
0.5	VWO	Vanguard FTSE Emerging	Pair Corr
0.48	AMPD	Tidal Trust II	Pair Corr
0.87	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr
0.67	GE	GE Aerospace Sell-off Trend	Pair Corr
0.61	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr
0.43	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.49	-0.38	-0.3	0.5	0.27	0.65	0.42	-0.38	-0.13	META
MSFT	0.49		-0.54	-0.16	0.38	0.15	0.34	0.19	0.06	-0.76	MSFT
UBER	-0.38	-0.54		0.16	-0.72	0.1	-0.65	-0.5	0.44	0.51	UBER
F	-0.3	-0.16	0.16		0.14	-0.46	0.18	0.45	-0.27	0.38	F
T	0.5	0.38	-0.72	0.14		-0.3	0.88	0.85	-0.72	-0.24	T
A	0.27	0.15	0.1	-0.46	-0.3		-0.27	-0.47	0.58	-0.09	A
CRM	0.65	0.34	-0.65	0.18	0.88	-0.27		0.91	-0.83	-0.08	CRM
JPM	0.42	0.19	-0.5	0.45	0.85	-0.47	0.91		-0.87	0.03	JPM
MRK	-0.38	0.06	0.44	-0.27	-0.72	0.58	-0.83	-0.87		-0.18	MRK
XOM	-0.13	-0.76	0.51	0.38	-0.24	-0.09	-0.08	0.03	-0.18		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

JPM	+ 0.91	CRM
CRM	+ 0.88	T
JPM	+ 0.85	T
CRM	+ 0.65	META
MRK	+ 0.58	A
XOM	+ 0.51	UBER

High negative correlations

MRK	- 0.87	JPM
MRK	- 0.83	CRM
XOM	- 0.76	MSFT
MRK	- 0.72	T
T	- 0.72	UBER
CRM	- 0.65	UBER

Goldman Sachs Competition Risk-Adjusted Indicators

There is a big difference between Goldman Etf performing well and Goldman Sachs ETF 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
META	1.15	0.23	0.13	0.57	1.26	(1.31)	3.22	(1.87)	8.02
MSFT	0.84	0.03	0.00	0.13	1.45	(0.79)	1.83	(1.57)	8.14
UBER	1.75	(0.34)	0.00	(0.22)	0.00	0.00	2.67	(5.35)	20.41
F	1.41	(0.18)	0.00	(0.05)	0.00	0.00	2.53	(2.90)	11.21
T	1.02	0.09	0.02	1.05	1.18	(1.10)	2.36	(1.99)	6.74
A	1.22	(0.02)	(0.04)	0.03	1.47	(1.32)	2.71	(2.41)	9.02
CRM	1.48	0.43	0.30	0.38	1.05	(1.72)	3.59	(1.93)	13.87
JPM	1.00	0.12	0.16	0.14	0.90	(1.19)	1.73	(1.42)	15.87
MRK	0.96	(0.22)	0.00	(0.95)	0.00	0.00	2.00	(2.17)	5.18
XOM	0.92	(0.05)	0.00	(0.09)	0.00	0.00	1.83	(2.14)	6.06

Goldman Sachs Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Goldman Sachs etf to make a market-neutral strategy. Peer analysis of Goldman Sachs could also be used in its relative valuation, which is a method of valuing Goldman Sachs by comparing valuation metrics with similar companies.

Vanguard Total Stock SPDR SP 500 iShares Core SP Vanguard Total Bond Vanguard Value Index Vanguard Growth Index Vanguard Mid Cap Index Vanguard FTSE Developed Vanguard Small Cap Index Vanguard FTSE Emerging American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

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