Goldman Sachs Correlations

Mutual Funds . USA . 
Fund . Goldman Sachs Government
GGTPX Fund  USD 13.01  0.02  0.15%   
The current 90-days correlation between Goldman Sachs Government and Vanguard Gnma Fund is -0.03 (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

Average diversification

The correlation between Goldman Sachs Government and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Goldman Sachs Government 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 Government. 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 american community survey.

Moving together with Goldman Mutual Fund

  0.84GCEBX Goldman Sachs CleanPairCorr
  0.84GCEDX Goldman Sachs CleanPairCorr
  0.84GCEEX Goldman Sachs CleanPairCorr
  0.85GCEGX Goldman Sachs CleanPairCorr
  0.84GCEJX Goldman Sachs CleanPairCorr
  0.84GCEPX Goldman Sachs CleanPairCorr
  0.95GCFCX Goldman Sachs EPairCorr
  0.95GCFIX Goldman Sachs EPairCorr
  0.95GCFUX Goldman Sachs EPairCorr
  0.86GCICX Goldman Sachs InternPairCorr
  0.82GCIIX Goldman Sachs InternPairCorr
  0.62GCMDX Goldman Sachs LocalPairCorr
  0.99GDFTX Goldman Sachs EPairCorr
  0.82GDICX Goldman Sachs ShortPairCorr
  0.79GDIUX Goldman Sachs ShortPairCorr

Moving against Goldman Mutual Fund

  0.73GCMAX Goldman Sachs MidPairCorr
  0.73GCMCX Goldman Sachs MidPairCorr
  0.71GCMTX Goldman Sachs MidPairCorr
  0.7GCMRX Goldman Sachs MidPairCorr
  0.68GCGIX Goldman Sachs LargePairCorr
  0.68GCTIX Goldman Sachs TaxPairCorr
  0.67GCTSX Goldman Sachs TaxPairCorr
  0.61GCLSX Goldman Sachs LargePairCorr
  0.61GCSCX Goldman Sachs SmallPairCorr
  0.6GCVCX Goldman Sachs LargePairCorr
  0.85GFRRX Goldman Sachs HighPairCorr
  0.85GFRCX Goldman Sachs HighPairCorr
  0.85GFRIX Goldman Sachs HighPairCorr
  0.84GFRAX Goldman Sachs HighPairCorr
  0.76GFVCX Goldman Sachs FocusedPairCorr
  0.75GVIRX Goldman Sachs EquityPairCorr
  0.75GFVSX Goldman Sachs FocusedPairCorr
  0.71GDEUX Goldman Sachs DynamicPairCorr
  0.62GDSTX Goldman Sachs SmallPairCorr
  0.44GEIUX Goldman Sachs EnhancedPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
VFIJX  0.23 (0.04) 0.00  2.59  0.00 
 0.00 
 0.32 
(0.54)
 1.20 
VSIGX  0.19 (0.03) 0.00  0.95  0.00 
 0.00 
 0.35 
(0.36)
 1.04 
UGSFX  0.23 (0.04) 0.00  1.37  0.00 
 0.00 
 0.34 
(0.51)
 1.31 
AMUSX  0.22 (0.04) 0.00  1.43  0.00 
 0.00 
 0.34 
(0.42)
 1.31 
FSUGX  0.22 (0.05) 0.00 (0.63) 0.00 
 0.00 
 0.34 
(0.42)
 1.31 
UGSCX  0.21 (0.04) 0.00  1.34  0.00 
 0.00 
 0.34 
(0.42)
 1.24 
FSUUX  0.22 (0.04) 0.00 (0.55) 0.00 
 0.00 
 0.34 
(0.51)
 1.23 
VMBSX  0.24 (0.03) 0.00  0.89  0.00 
 0.00 
 0.43 
(0.49)
 1.37 
VFIIX  0.22 (0.04) 0.00  2.25  0.00 
 0.00 
 0.32 
(0.54)
 1.20 
FUTBX  0.21 (0.04) 0.00  0.70  0.00 
 0.00 
 0.45 
(0.46)
 1.26 

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