Goldman Sachs Correlations

GSAPX Fund

USD 9.22 0.02 0.22%

The current 90-days correlation between Goldman Sachs Inflation and Oklahoma Municipal Fund is 0.35 (i.e., Weak 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 Inflation and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Goldman Sachs Inflation 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 Inflation. 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

0.95	GGJPX	Goldman Sachs Inflation	Pair Corr
0.93	GGTPX	Goldman Sachs Government	Pair Corr
0.67	GMJPX	Goldman Sachs Real	Pair Corr
0.86	GARSX	Goldman Sachs Global	Pair Corr
0.83	GSINX	Goldman Sachs Gqg	Pair Corr
1.0	GSIPX	Goldman Sachs Inflation	Pair Corr
0.75	GSTGX	Goldman Sachs Short	Pair Corr
0.95	VIPSX	Vanguard Inflation-protec	Pair Corr
0.99	VIPIX	Vanguard Inflation-protec	Pair Corr
0.94	VAIPX	Vanguard Inflation	Pair Corr
0.89	FLIBX	American Funds Inflation	Pair Corr
0.89	FIBLX	American Funds Inflation	Pair Corr
0.97	BFICX	American Funds Inflation	Pair Corr
0.93	BFIAX	American Funds Inflation	Pair Corr
0.87	BFIFX	American Funds Inflation	Pair Corr
0.89	PARRX	Real Return Fund	Pair Corr
0.95	PRLPX	Pimco Real Return	Pair Corr
0.92	VTISX	Vanguard Total Inter	Pair Corr
0.9	VTSNX	Vanguard Total Inter	Pair Corr
0.9	VTPSX	Vanguard Total Inter	Pair Corr
0.81	VZ	Verizon Communications Fiscal Year End 28th of January 2025	Pair Corr
0.87	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.64	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr
0.64	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr
0.65	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr

Moving against Goldman Mutual Fund

0.5	GFRIX	Goldman Sachs High	Pair Corr
0.35	VFIAX	Vanguard 500 Index	Pair Corr
0.32	VITSX	Vanguard Total Stock	Pair Corr
0.31	VFFSX	Vanguard 500 Index	Pair Corr
0.63	MISXX	Morgan Stanley Insti	Pair Corr
0.62	CSCO	Cisco Systems	Pair Corr
0.56	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.48	DIS	Walt Disney	Pair Corr
0.46	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.46	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.45	WMT	Walmart	Pair Corr
0.37	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.32	VTSAX	Vanguard Total Stock	Pair Corr
0.32	BFIUX	Baron Fintech	Pair Corr

Related Correlations Analysis

	OKMUX	XFINX	MDMTX	PRVBX	URIBX
OKMUX		0.38	0.92	0.59	0.86	OKMUX
XFINX	0.38		0.44	0.41	0.2	XFINX
MDMTX	0.92	0.44		0.58	0.82	MDMTX
PRVBX	0.59	0.41	0.58		0.73	PRVBX
URIBX	0.86	0.2	0.82	0.73		URIBX
	OKMUX	XFINX	MDMTX	PRVBX	URIBX

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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
OKMUX	0.19	(0.04)	0.00	(0.74)	0.00	0.00	0.29	(0.56)	2.00
XFINX	0.12	0.00	(0.03)	0.24	0.20	(0.15)	0.21	(0.21)	1.14
MDMTX	0.20	(0.04)	0.00	(2.67)	0.00	0.00	0.38	(0.57)	1.71
PRVBX	0.09	(0.01)	0.00	(0.62)	0.00	0.00	0.17	(0.20)	0.50
URIBX	0.23	(0.06)	0.00	(1.78)	0.00	0.00	0.44	(0.65)	1.53

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