Goldman Sachs Correlations

Mutual Funds . USA . 
Fund . Goldman Sachs Mid
GSMSX Fund  USD 33.43  0.17  0.51%   
The current 90-days correlation between Goldman Sachs Mid and Transam Short Term Bond is -0.13 (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

Poor diversification

The correlation between Goldman Sachs Mid and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Goldman Sachs Mid 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 Mid. 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 state.

Moving together with Goldman Mutual Fund

  0.81GCGIX Goldman Sachs LargePairCorr
  0.95GCGVX Goldman Sachs DynamicPairCorr
  1.0GCMRX Goldman Sachs MidPairCorr
  1.0GCMTX Goldman Sachs MidPairCorr
  1.0GCMUX Goldman Sachs MidPairCorr
  0.88GCLLX Goldman Sachs FlexiblePairCorr
  0.8GCLSX Goldman Sachs LargePairCorr
  1.0GCMAX Goldman Sachs MidPairCorr
  1.0GCMCX Goldman Sachs MidPairCorr
  0.95GCTAX Goldman Sachs TaxPairCorr
  0.95GCTCX Goldman Sachs TaxPairCorr
  0.95GCTIX Goldman Sachs TaxPairCorr
  0.95GCTRX Goldman Sachs TaxPairCorr
  0.95GCTSX Goldman Sachs TaxPairCorr
  0.96GCSAX Goldman Sachs SmallPairCorr
  0.83GCSCX Goldman Sachs SmallPairCorr
  0.96GCSIX Goldman Sachs SmallPairCorr

Moving against Goldman Mutual Fund

  0.61GCEEX Goldman Sachs CleanPairCorr
  0.61GCEPX Goldman Sachs CleanPairCorr
  0.57GCEDX Goldman Sachs CleanPairCorr
  0.57GCEJX Goldman Sachs CleanPairCorr
  0.56GCEBX Goldman Sachs CleanPairCorr
  0.56GCEGX Goldman Sachs CleanPairCorr
  0.54GCFIX Goldman Sachs EPairCorr
  0.54GCFUX Goldman Sachs EPairCorr
  0.48GCFCX Goldman Sachs EPairCorr
  0.46GCIIX Goldman Sachs InternPairCorr
  0.45GCICX Goldman Sachs InternPairCorr
  0.45GCIRX Goldman Sachs InternPairCorr
  0.53GCMDX Goldman Sachs LocalPairCorr
  0.46GCITX Goldman Sachs InternPairCorr
  0.46GCIUX Goldman Sachs InternPairCorr
  0.46GCIAX Goldman Sachs InternPairCorr
  0.45GCISX Goldman Sachs InternPairCorr
  0.5GDFRX Goldman Sachs EPairCorr
  0.49GDFIX Goldman Sachs ShortPairCorr
  0.45GCTMX Goldman Sachs InternPairCorr

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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