Goldman Sachs Correlations

Mutual Funds . USA . 
Fund . Goldman Sachs Small
GSSIX Fund  USD 40.07  0.04  0.1%   
The current 90-days correlation between Goldman Sachs Small and Jpmorgan Mid Cap is 0.81 (i.e., Very poor 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 Small and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Goldman Sachs Small 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 Small. 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 gross domestic product.

Moving together with Goldman Mutual Fund

  0.88GCGIX Goldman Sachs LargePairCorr
  0.66GCFCX Goldman Sachs EPairCorr
  0.63GCFIX Goldman Sachs EPairCorr
  0.63GCFUX Goldman Sachs EPairCorr
  0.73GCICX Goldman Sachs InternPairCorr
  0.72GCIIX Goldman Sachs InternPairCorr
  0.73GCIRX Goldman Sachs InternPairCorr
  0.73GCISX Goldman Sachs InternPairCorr
  0.73GCITX Goldman Sachs InternPairCorr
  0.72GCIUX Goldman Sachs InternPairCorr
  0.73GCIAX Goldman Sachs InternPairCorr
  0.99GCMRX Goldman Sachs MidPairCorr
  0.99GCMTX Goldman Sachs MidPairCorr
  0.99GCMUX Goldman Sachs MidPairCorr
  0.99GCLSX Goldman Sachs LargePairCorr
  0.99GCMAX Goldman Sachs MidPairCorr
  0.99GCMCX Goldman Sachs MidPairCorr
  0.99GCSAX Goldman Sachs SmallPairCorr
  1.0GCSCX Goldman Sachs SmallPairCorr
  0.98GCSIX Goldman Sachs SmallPairCorr

Moving against Goldman Mutual Fund

  0.39GEADX Goldman Sachs EnhancedPairCorr

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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