Goldman Sachs Correlations

GFVIX Fund

USD 15.53 0.15 0.98%

The current 90-days correlation between Goldman Sachs Focused and Science Technology Fund is 0.5 (i.e., Very weak 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

Modest diversification

The correlation between Goldman Sachs Focused and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Goldman Sachs Focused 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 Focused. 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 gross domestic product.

Moving together with Goldman Mutual Fund

0.78	GCGIX	Goldman Sachs Large	Pair Corr
0.61	GCICX	Goldman Sachs Intern	Pair Corr
0.62	GCISX	Goldman Sachs Intern	Pair Corr
1.0	GCMRX	Goldman Sachs Mid	Pair Corr
1.0	GCMTX	Goldman Sachs Mid	Pair Corr
0.95	GCMUX	Goldman Sachs Mid	Pair Corr
0.98	GCLSX	Goldman Sachs Large	Pair Corr
0.99	GCMAX	Goldman Sachs Mid	Pair Corr
0.92	GCMCX	Goldman Sachs Mid	Pair Corr
0.93	GCSAX	Goldman Sachs Small Potential Growth	Pair Corr
0.95	GCSCX	Goldman Sachs Small	Pair Corr
0.93	GCSIX	Goldman Sachs Small	Pair Corr

Related Correlations Analysis

	USTCX	BSTSX	MTCIX	TEFQX	ITYYX	ROGSX	CMTFX
USTCX		0.82	0.41	0.94	0.64	0.66	0.9	USTCX
BSTSX	0.82		0.65	0.82	0.81	0.67	0.68	BSTSX
MTCIX	0.41	0.65		0.5	0.88	0.51	0.25	MTCIX
TEFQX	0.94	0.82	0.5		0.69	0.72	0.83	TEFQX
ITYYX	0.64	0.81	0.88	0.69		0.49	0.47	ITYYX
ROGSX	0.66	0.67	0.51	0.72	0.49		0.58	ROGSX
CMTFX	0.9	0.68	0.25	0.83	0.47	0.58		CMTFX
	USTCX	BSTSX	MTCIX	TEFQX	ITYYX	ROGSX	CMTFX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
USTCX	1.00	0.17	0.10	0.51	1.30	(0.98)	2.06	(1.88)	7.13
BSTSX	1.04	0.08	0.04	0.39	1.70	(1.00)	2.03	(2.49)	8.24
MTCIX	1.06	(0.04)	0.00	(0.04)	0.00	0.00	2.01	(2.29)	14.84
TEFQX	1.30	0.14	0.07	0.31	1.68	(1.37)	2.92	(2.66)	8.29
ITYYX	1.18	0.06	0.02	0.12	2.38	(1.05)	2.36	(2.43)	12.95
ROGSX	0.92	0.00	(0.01)	0.02	1.56	(0.85)	1.50	(2.51)	8.31
CMTFX	0.93	0.08	0.05	0.56	1.29	(0.94)	1.96	(2.47)	5.99

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Goldman Sachs Correlations

Goldman Sachs Correlation With Market

Modest diversification

Moving together with Goldman Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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