Goldman Sachs Correlations

GSAEX Fund

USD 21.25 0.43 2.07%

The current 90-days correlation between Goldman Sachs Asia and Volumetric Fund Volumetric 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

Good diversification

The correlation between Goldman Sachs Asia and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Goldman Sachs Asia 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 Asia. 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 income.

Moving together with Goldman Mutual Fund

0.7

GCRTX

Goldman Sachs Absolute

Pair Corr

Moving against Goldman Mutual Fund

0.5	GCFCX	Goldman Sachs E	Pair Corr
0.5	GCFIX	Goldman Sachs E	Pair Corr
0.48	GCFUX	Goldman Sachs E	Pair Corr
0.31	GCEBX	Goldman Sachs Clean	Pair Corr
0.31	GCEDX	Goldman Sachs Clean	Pair Corr
0.31	GCEEX	Goldman Sachs Clean	Pair Corr
0.31	GCEGX	Goldman Sachs Clean	Pair Corr
0.31	GCEJX	Goldman Sachs Clean	Pair Corr
0.31	GCEPX	Goldman Sachs Clean	Pair Corr
0.52	GDFRX	Goldman Sachs E	Pair Corr

Related Correlations Analysis

	VOLMX	APDTX	BXDCX	EICVX	PRNHX	ABVCX
VOLMX		0.88	0.54	0.89	0.96	0.94	VOLMX
APDTX	0.88		0.61	0.86	0.81	0.93	APDTX
BXDCX	0.54	0.61		0.46	0.46	0.55	BXDCX
EICVX	0.89	0.86	0.46		0.87	0.9	EICVX
PRNHX	0.96	0.81	0.46	0.87		0.91	PRNHX
ABVCX	0.94	0.93	0.55	0.9	0.91		ABVCX
	VOLMX	APDTX	BXDCX	EICVX	PRNHX	ABVCX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
VOLMX	0.61	0.00	0.00	0.12	0.59	(0.71)	1.14	(1.35)	4.49
APDTX	0.76	0.15	0.03	2.38	1.00	(0.77)	1.73	(1.27)	5.07
BXDCX	0.09	0.00	(0.80)	0.00	0.00	(0.16)	0.22	(0.11)	0.65
EICVX	0.47	(0.01)	(0.12)	0.10	0.39	(0.56)	1.06	(0.71)	2.04
PRNHX	0.78	0.03	0.04	0.14	1.01	(0.82)	1.80	(1.29)	6.84
ABVCX	0.54	0.13	0.04	6.64	0.28	(0.68)	1.09	(0.80)	3.88

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