Goldman Sachs Correlations

GSPKX Fund  USD 16.49  0.02  0.12%   
The current 90-days correlation between Goldman Sachs Equity and Lifestyle Ii Moderate is -0.21 (i.e., Very 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 Equity and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Goldman Sachs Equity 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 Equity. 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 industry.

Moving together with Goldman Mutual Fund

  0.92GCGIX Goldman Sachs LargePairCorr
  0.98GCGVX Goldman Sachs DynamicPairCorr
  0.93GCMRX Goldman Sachs MidPairCorr
  0.93GCMTX Goldman Sachs MidPairCorr
  0.93GCMUX Goldman Sachs MidPairCorr
  0.98GCLLX Goldman Sachs FlexiblePairCorr
  0.76GCLSX Goldman Sachs LargePairCorr
  0.93GCMAX Goldman Sachs MidPairCorr
  0.93GCMCX Goldman Sachs MidPairCorr
  0.64GCRTX Goldman Sachs AbsolutePairCorr
  0.99GCTAX Goldman Sachs TaxPairCorr
  0.98GCTCX Goldman Sachs TaxPairCorr
  0.99GCTIX Goldman Sachs TaxPairCorr
  0.99GCTRX Goldman Sachs TaxPairCorr
  0.99GCTSX Goldman Sachs TaxPairCorr
  0.92GCSAX Goldman Sachs SmallPairCorr
  0.92GCSCX Goldman Sachs SmallPairCorr
  0.92GCSIX Goldman Sachs SmallPairCorr

Moving against Goldman Mutual Fund

  0.76GCEDX Goldman Sachs CleanPairCorr
  0.76GCEEX Goldman Sachs CleanPairCorr
  0.75GCEGX Goldman Sachs CleanPairCorr
  0.75GCEJX Goldman Sachs CleanPairCorr
  0.75GCEPX Goldman Sachs CleanPairCorr
  0.73GCEBX Goldman Sachs CleanPairCorr
  0.46GCFIX Goldman Sachs EPairCorr
  0.46GCFUX Goldman Sachs EPairCorr
  0.43GCFCX Goldman Sachs EPairCorr
  0.42GCICX Goldman Sachs InternPairCorr
  0.42GCIIX Goldman Sachs InternPairCorr
  0.42GCIRX Goldman Sachs InternPairCorr
  0.42GCISX Goldman Sachs InternPairCorr
  0.42GCITX Goldman Sachs InternPairCorr
  0.42GCIUX Goldman Sachs InternPairCorr
  0.42GCIAX Goldman Sachs InternPairCorr
  0.36GCMDX Goldman Sachs LocalPairCorr
  0.42GDFIX Goldman Sachs ShortPairCorr
  0.41GCTMX Goldman Sachs InternPairCorr
  0.41GDFRX Goldman Sachs EPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.