Goldman Sachs Correlations

Stocks . USA . 
Stock . Goldman Sachs Group
GS Stock  USD 605.43  0.07  0.01%   
The current 90-days correlation between Goldman Sachs Group and Morgan Stanley is 0.86 (i.e., Very poor 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

Very poor diversification

The correlation between Goldman Sachs Group and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Goldman Sachs Group 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 Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with Goldman Stock

  0.87V Visa Class APairCorr
  0.86DHIL Diamond Hill InvestmentPairCorr
  0.68AB AllianceBernsteinPairCorr
  0.69AC Associated CapitalPairCorr
  0.87BN Brookfield CorpPairCorr
  0.89BX Blackstone Group Fiscal Year End 23rd of January 2025 PairCorr
  0.82CG Carlyle GroupPairCorr
  0.94LC LendingClub CorpPairCorr
  0.63LX Lexinfintech Holdings TrendingPairCorr
  0.83MA MastercardPairCorr
  0.9MC MoelisPairCorr
  0.96MS Morgan Stanley Sell-off TrendPairCorr
  0.85PX P10 IncPairCorr
  0.73QD Qudian IncPairCorr
  0.94SF Stifel Financial Fiscal Year End 22nd of January 2025 PairCorr
  0.62TW Tradeweb MarketsPairCorr
  0.94WT WisdomTreePairCorr
  0.93VCTR Victory Capital Holdings Normal TradingPairCorr
  0.87VIRT Virtu Financial Fiscal Year End 23rd of January 2025 PairCorr
  0.98VRTS Virtus InvestmentPairCorr
  0.98ENVA Enova InternationalPairCorr
  0.72EZPW EZCORP IncPairCorr
  0.86WULF Terawulf Buyout TrendPairCorr
  0.91APO Apollo Global ManagementPairCorr
  0.89AXP American Express Fiscal Year End 24th of January 2025 PairCorr
  0.84BAM Brookfield Asset ManPairCorr
  0.9BEN Franklin ResourcesPairCorr

Moving against Goldman Stock

  0.77WU Western UnionPairCorr
  0.73XP Xp Inc Downward RallyPairCorr
  0.52PT Pintec TechnologyPairCorr
  0.41RM Regional Management CorpPairCorr
  0.74ORGN Origin MaterialsPairCorr
  0.68FCFS FirstCashPairCorr
  0.61IX Orix Corp AdsPairCorr
  0.36EG Everest GroupPairCorr

Related Correlations Analysis

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' 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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY