Goldman Sachs Correlations

GSPTX Fund  USD 31.82  0.69  2.22%   
The current 90-days correlation between Goldman Sachs Capital and Thrivent Natural Resources is -0.01 (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

Very weak diversification

The correlation between Goldman Sachs Capital and DJI is 0.45 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Goldman Sachs Capital 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 Capital. 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 estimate.

Moving together with Goldman Mutual Fund

  0.95GCGIX Goldman Sachs LargePairCorr
  0.77GCGVX Goldman Sachs DynamicPairCorr
  0.98GCMRX Goldman Sachs MidPairCorr
  0.97GCMTX Goldman Sachs MidPairCorr
  0.97GCMUX Goldman Sachs MidPairCorr
  0.89GCLLX Goldman Sachs FlexiblePairCorr
  0.93GCLSX Goldman Sachs LargePairCorr
  0.97GCMAX Goldman Sachs MidPairCorr
  0.98GCMCX Goldman Sachs MidPairCorr
  0.83GCTAX Goldman Sachs TaxPairCorr
  0.83GCTCX Goldman Sachs TaxPairCorr
  0.82GCTIX Goldman Sachs TaxPairCorr
  0.83GCTRX Goldman Sachs TaxPairCorr
  0.83GCTSX Goldman Sachs TaxPairCorr
  0.98GCSAX Goldman Sachs SmallPairCorr
  0.98GCSCX Goldman Sachs SmallPairCorr
  0.97GCSIX Goldman Sachs SmallPairCorr
  0.98GCSSX Goldman Sachs SmallPairCorr

Moving against Goldman Mutual Fund

  0.35GDFIX Goldman Sachs ShortPairCorr

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.