Goldman Sachs Correlations

Mutual Funds . USA . 
Fund . Goldman Sachs Growth
GGSTX Fund  USD 18.68  0.32  1.74%   
The current 90-days correlation between Goldman Sachs Growth and Hunter Small Cap 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. 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 Growth and DJI is 0.69 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Goldman Sachs Growth 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 Growth. 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

  0.63GCMAX Goldman Sachs MidPairCorr
  0.68GFVCX Goldman Sachs FocusedPairCorr
  0.69GFVIX Goldman Sachs FocusedPairCorr
  0.69GFVRX Goldman Sachs FocusedPairCorr
  0.7GFVSX Goldman Sachs FocusedPairCorr
  0.87GGKPX Goldman Sachs IncomePairCorr
  0.63GGOCX Goldman Sachs Growth Potential GrowthPairCorr
  0.64GGOIX Goldman Sachs GrowthPairCorr
  0.62GGOTX Goldman Sachs GrowthPairCorr
  0.64GGQPX Goldman Sachs GrowthPairCorr
  0.66GGRAX Goldman Sachs StrategicPairCorr
  0.67GGRCX Goldman Sachs StrategicPairCorr
  1.0GGPPX Goldman Sachs GrowthPairCorr
  1.0GGSIX Goldman Sachs GrowthPairCorr
  0.8GGUPX Goldman Sachs GlobalPairCorr
  0.71GGZPX Goldman Sachs FlexiblePairCorr
  0.7GGYPX Goldman Sachs FocusedPairCorr

Related Correlations Analysis

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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   
PMDDX
+ 0.97
HSCVX
GLVIX
+ 0.92
ANTMX
GLVIX
+ 0.73
HSCVX
GLVIX
+ 0.73
PMDDX
ANTMX
+ 0.66
PMDDX
ANTMX
+ 0.64
HSCVX
  
High negative correlations   
DRSVX
- 0.0
CCMSX
DFUKX
- 0.0
CCMSX
GLVIX
- 0.0
CCMSX
ANTMX
- 0.0
CCMSX
CCMSX
- 0.0
PMDDX
CCMSX
- 0.0
HSCVX

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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