Goldman Sachs Correlations

Mutual Funds . USA . 
Fund . Goldman Sachs International
GICIX Fund  USD 13.03  0.08  0.62%   
The current 90-days correlation between Goldman Sachs Intern and International Small Pany is 0.97 (i.e., Almost no 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

Weak diversification

The correlation between Goldman Sachs International and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Goldman Sachs International 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 International. 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

  0.9GCEBX Goldman Sachs CleanPairCorr
  0.9GCEDX Goldman Sachs CleanPairCorr
  0.9GCEEX Goldman Sachs CleanPairCorr
  0.9GCEGX Goldman Sachs CleanPairCorr
  0.9GCEJX Goldman Sachs CleanPairCorr
  0.9GCEPX Goldman Sachs CleanPairCorr
  0.75GCFCX Goldman Sachs EPairCorr
  0.74GCFIX Goldman Sachs EPairCorr
  0.74GCFUX Goldman Sachs EPairCorr
  0.96GCICX Goldman Sachs InternPairCorr
  0.96GCIIX Goldman Sachs InternPairCorr
  0.96GCIRX Goldman Sachs InternPairCorr
  0.96GCISX Goldman Sachs InternPairCorr
  0.96GCITX Goldman Sachs InternPairCorr
  0.96GCIUX Goldman Sachs InternPairCorr
  0.96GCIAX Goldman Sachs InternPairCorr
  0.96GCTMX Goldman Sachs InternPairCorr

Moving against Goldman Mutual Fund

  0.54GCMTX Goldman Sachs MidPairCorr
  0.54GCMUX Goldman Sachs MidPairCorr
  0.54GCMAX Goldman Sachs MidPairCorr
  0.53GCMRX Goldman Sachs MidPairCorr
  0.53GCMCX Goldman Sachs MidPairCorr
  0.51GCLSX Goldman Sachs LargePairCorr
  0.48GCGIX Goldman Sachs LargePairCorr
  0.48GCLLX Goldman Sachs FlexiblePairCorr
  0.45GCGVX Goldman Sachs DynamicPairCorr
  0.51GCVAX Goldman Sachs LargePairCorr
  0.51GCVIX Goldman Sachs LargePairCorr
  0.51GCVRX Goldman Sachs LargePairCorr
  0.51GCVTX Goldman Sachs LargePairCorr
  0.51GCVUX Goldman Sachs LargePairCorr
  0.5GCTAX Goldman Sachs TaxPairCorr
  0.5GCTIX Goldman Sachs TaxPairCorr
  0.5GCTRX Goldman Sachs TaxPairCorr
  0.5GCTSX Goldman Sachs TaxPairCorr
  0.5GCVCX Goldman Sachs LargePairCorr
  0.49GCTCX 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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