GOLDMAN SACHS Correlations
| GS Stock | 27.95 0.10 0.36% |
The current 90-days correlation between GOLDMAN SACHS CDR and Broadcom is 0.44 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as GOLDMAN SACHS moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if GOLDMAN SACHS CDR moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
GOLDMAN SACHS Correlation With Market
Very weak diversification
The correlation between GOLDMAN SACHS CDR and DJI is 0.45 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding GOLDMAN SACHS CDR and DJI in the same portfolio, assuming nothing else is changed.
GOLDMAN |
The ability to find closely correlated positions to GOLDMAN SACHS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GOLDMAN SACHS when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back GOLDMAN SACHS - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling GOLDMAN SACHS CDR to buy it.
Moving together with GOLDMAN Stock
Related Correlations Analysis
| 0.59 | 0.39 | 0.26 | 0.85 | 0.19 | AVGO | ||
| 0.59 | 0.79 | 0.35 | 0.7 | 0.59 | RW | ||
| 0.39 | 0.79 | 0.54 | 0.5 | 0.61 | FTG | ||
| 0.26 | 0.35 | 0.54 | 0.3 | 0.33 | AQN-PD | ||
| 0.85 | 0.7 | 0.5 | 0.3 | 0.48 | QRC | ||
| 0.19 | 0.59 | 0.61 | 0.33 | 0.48 | AGF-B | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between GOLDMAN Stock performing well and GOLDMAN SACHS Company 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's 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AVGO | 2.49 | (0.28) | 0.00 | (0.34) | 0.00 | 4.22 | 22.37 | |||
| RW | 1.77 | (0.24) | 0.00 | (1.12) | 0.00 | 7.14 | 18.95 | |||
| FTG | 1.49 | 0.00 | 0.00 | (0.07) | 0.00 | 4.08 | 9.24 | |||
| AQN-PD | 0.38 | 0.02 | 0.08 | 0.08 | 0.60 | 0.75 | 3.64 | |||
| QRC | 1.43 | (0.24) | 0.00 | (0.51) | 0.00 | 2.90 | 16.52 | |||
| AGF-B | 1.52 | (0.01) | 0.00 | (0.07) | 0.00 | 2.89 | 11.13 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in GOLDMAN SACHS without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run FinTech Suite Now
FinTech SuiteUse AI to screen and filter profitable investment opportunities |
| All Next | Launch Module |
GOLDMAN SACHS Corporate Management
Elected by the shareholders, the GOLDMAN SACHS's board of directors comprises two types of representatives: GOLDMAN SACHS inside directors who are chosen from within the company, and outside directors, selected externally and held independent of GOLDMAN. The board's role is to monitor GOLDMAN SACHS's management team and ensure that shareholders' interests are well served. GOLDMAN SACHS's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, GOLDMAN SACHS's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Denis III | Chief Officer | Profile | |
| Christopher French | Head MD | Profile | |
| Jacqueline Arthur | Global Management | Profile | |
| F Mallmann | Chair Banking | Profile | |
| Philip Berlinski | Global Treasurer | Profile | |
| Atte Lahtiranta | Partner Officer | Profile | |
| Sheara Fredman | Controller Officer | Profile |