Goldman Sachs Correlations

Mutual Funds . USA . 
Fund . Goldman Sachs E
GDFTX Fund  USD 9.17  0.01  0.11%   
The current 90-days correlation between Goldman Sachs E and Nationwide Inflation Protected Securities is 0.02 (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

Average diversification

The correlation between Goldman Sachs E and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Goldman Sachs E 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 E. 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 estimate.

Moving together with Goldman Mutual Fund

  1.0GCFCX Goldman Sachs EPairCorr
  0.84GCFIX Goldman Sachs EPairCorr
  1.0GCFUX Goldman Sachs EPairCorr
  0.84GCICX Goldman Sachs InternPairCorr
  0.67GCIIX Goldman Sachs InternPairCorr
  0.9GCIRX Goldman Sachs InternPairCorr
  0.9GCISX Goldman Sachs InternPairCorr
  0.9GCITX Goldman Sachs InternPairCorr
  0.67GCIUX Goldman Sachs InternPairCorr
  0.9GCIAX Goldman Sachs InternPairCorr
  0.76GCMDX Goldman Sachs LocalPairCorr
  0.9GCTMX Goldman Sachs InternPairCorr

Moving against Goldman Mutual Fund

  0.71GCGIX Goldman Sachs LargePairCorr
  0.45GCGVX Goldman Sachs DynamicPairCorr
  0.59GCLLX Goldman Sachs FlexiblePairCorr
  0.57GCTAX Goldman Sachs TaxPairCorr
  0.57GCTIX Goldman Sachs TaxPairCorr
  0.56GCMCX Goldman Sachs MidPairCorr
  0.55GCMRX Goldman Sachs MidPairCorr
  0.55GCMAX Goldman Sachs MidPairCorr
  0.55GCTCX Goldman Sachs TaxPairCorr
  0.54GCMTX Goldman Sachs MidPairCorr
  0.54GCMUX Goldman Sachs MidPairCorr
  0.68GCSIX Goldman Sachs SmallPairCorr
  0.68GCSSX Goldman Sachs SmallPairCorr
  0.66GCSCX Goldman Sachs SmallPairCorr
  0.65GCSAX Goldman Sachs SmallPairCorr
  0.65GCSUX Goldman Sachs SmallPairCorr
  0.54GCTRX Goldman Sachs TaxPairCorr

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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