Goldman Sachs Correlations

GSTPX Fund

USD 9.35 0.01 0.11%

The current 90-days correlation between Goldman Sachs Inflation and T Rowe Price is 0.16 (i.e., Average 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

Modest diversification

The correlation between Goldman Sachs Inflation and DJI is 0.25 (i.e., Modest 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

0.99	VIPSX	Vanguard Inflation-protec	Pair Corr
0.99	VIPIX	Vanguard Inflation-protec	Pair Corr
0.99	VAIPX	Vanguard Inflation	Pair Corr
0.79	FLIBX	American Funds Inflation	Pair Corr
0.99	FIBLX	American Funds Inflation	Pair Corr
0.98	BFICX	American Funds Inflation	Pair Corr
0.99	BFIAX	American Funds Inflation	Pair Corr
0.99	BFIFX	American Funds Inflation	Pair Corr
0.99	PARRX	Real Return Fund	Pair Corr
0.99	PRLPX	Pimco Real Return	Pair Corr
0.67	RSNYX	Victory Global Natural	Pair Corr
0.8	RMQAX	Monthly Rebalance	Pair Corr
0.8	RMQHX	Monthly Rebalance	Pair Corr
0.74	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.72	VZ	Verizon Communications Earnings Call Tomorrow	Pair Corr
0.82	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.75	AA	Alcoa Corp	Pair Corr
0.72	TRV	The Travelers Companies	Pair Corr

Related Correlations Analysis

	PRNHX	LIOTX	RGELX	OPTCX	XAWFX	BXFIX	RHSAX
PRNHX		0.85	0.87	0.44	0.79	-0.02	0.76	PRNHX
LIOTX	0.85		0.79	0.53	0.77	0.13	0.68	LIOTX
RGELX	0.87	0.79		0.35	0.84	-0.06	0.94	RGELX
OPTCX	0.44	0.53	0.35		0.1	0.6	0.25	OPTCX
XAWFX	0.79	0.77	0.84	0.1		-0.14	0.78	XAWFX
BXFIX	-0.02	0.13	-0.06	0.6	-0.14		-0.2	BXFIX
RHSAX	0.76	0.68	0.94	0.25	0.78	-0.2		RHSAX
	PRNHX	LIOTX	RGELX	OPTCX	XAWFX	BXFIX	RHSAX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

RHSAX	+ 0.94	RGELX
RGELX	+ 0.87	PRNHX
LIOTX	+ 0.85	PRNHX
XAWFX	+ 0.84	RGELX
XAWFX	+ 0.79	PRNHX
RGELX	+ 0.79	LIOTX

High negative correlations

RHSAX	- 0.2	BXFIX
BXFIX	- 0.14	XAWFX
BXFIX	- 0.06	RGELX
BXFIX	- 0.02	PRNHX

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
PRNHX	0.85	0.01	0.00	0.03	1.20	(0.85)	1.69	(1.60)	7.56
LIOTX	0.89	0.05	0.03	0.11	1.25	(0.91)	2.13	(1.97)	6.56
RGELX	0.54	(0.05)	0.00	(0.07)	0.00	0.00	1.03	(1.69)	4.33
OPTCX	0.14	0.02	0.01	0.47	0.00	(0.20)	0.31	(0.31)	1.35
XAWFX	0.13	(0.02)	0.00	(0.14)	0.00	0.00	0.18	(0.44)	0.88
BXFIX	0.08	0.02	0.01	(9.04)	0.00	(0.23)	0.12	(0.12)	0.92
RHSAX	1.06	(0.09)	0.00	(0.06)	0.00	0.00	2.22	(3.23)	9.80

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