Goldman Sachs Correlations

TTRFX Fund

USD 9.98 0.01 0.10%

The current 90-days correlation between Goldman Sachs Tactical and Vanguard Total Stock 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

Good diversification

The correlation between Goldman Sachs Tactical and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Goldman Sachs Tactical and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Goldman Sachs Tactical. 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 census.

Moving together with Goldman Mutual Fund

0.69	VGTSX	Vanguard Total Inter	Pair Corr
0.64	VTIAX	Vanguard Total Inter	Pair Corr

Moving against Goldman Mutual Fund

0.53	PSDSX	Palmer Square Ultra	Pair Corr
0.48	HGOSX	Hartford Growth	Pair Corr
0.48	HGOVX	Hartford Growth	Pair Corr
0.44	AULDX	Ultra Fund R6	Pair Corr
0.43	TPZ	Tortoise Capital Series	Pair Corr
0.4	AFRFX	Invesco Floating Rate	Pair Corr
0.4	UPRXX	Ubs Money Series	Pair Corr
0.39	CFSIX	Touchstone Sands Capital	Pair Corr
0.39	DSHZX	Brinker Capital Dest	Pair Corr
0.38	MLPGX	Oppenheimer Steelpath Mlp	Pair Corr
0.37	VTSAX	Vanguard Total Stock	Pair Corr
0.37	VFFSX	Vanguard 500 Index	Pair Corr
0.37	MBCZX	Massmutual Select Blue	Pair Corr
0.37	DTGRX	Dreyfus Technology Growth	Pair Corr
0.37	AFOZX	Alger Funds Mid	Pair Corr
0.36	ETCEX	Eventide Exponential	Pair Corr
0.36	RFXIX	Rational Special Sit	Pair Corr
0.35	VTSMX	Vanguard Total Stock	Pair Corr
0.35	VITSX	Vanguard Total Stock	Pair Corr
0.35	VSTSX	Vanguard Total Stock	Pair Corr
0.35	VSMPX	Vanguard Total Stock	Pair Corr
0.35	PAGRX	Aggressive Growth	Pair Corr
0.33	VFINX	Vanguard 500 Index	Pair Corr
0.33	HAGAX	Eagle Mid Cap	Pair Corr
0.32	VFIAX	Vanguard 500 Index	Pair Corr
0.57	PIPPX	Midcap Growth	Pair Corr
0.52	PSHAX	Short Term Fund	Pair Corr
0.48	BTEEX	Baron Select Funds	Pair Corr
0.47	CVVRX	Columbia Small Cap	Pair Corr
0.45	CSHIX	Credit Suisse Floating	Pair Corr
0.43	CFNDX	Cargile Fund	Pair Corr
0.42	MLXIX	Catalyst Mlp Infrast	Pair Corr
0.4	LMOFX	Miller Opportunity Trust	Pair Corr
0.39	DREQX	Dreyfus Research Growth	Pair Corr

Related Correlations Analysis

	VTSAX	VFIAX	VTSMX	VITSX	VSTSX	VSMPX	VFINX	VFFSX	VGTSX	VTIAX
VTSAX		0.94	1.0	1.0	1.0	1.0	0.94	1.0	-0.6	-0.62	VTSAX
VFIAX	0.94		0.94	0.94	0.94	0.94	1.0	0.94	-0.62	-0.64	VFIAX
VTSMX	1.0	0.94		1.0	1.0	1.0	0.94	1.0	-0.59	-0.61	VTSMX
VITSX	1.0	0.94	1.0		1.0	1.0	0.94	1.0	-0.59	-0.61	VITSX
VSTSX	1.0	0.94	1.0	1.0		1.0	0.94	1.0	-0.6	-0.61	VSTSX
VSMPX	1.0	0.94	1.0	1.0	1.0		0.94	1.0	-0.6	-0.61	VSMPX
VFINX	0.94	1.0	0.94	0.94	0.94	0.94		0.94	-0.62	-0.64	VFINX
VFFSX	1.0	0.94	1.0	1.0	1.0	1.0	0.94		-0.59	-0.6	VFFSX
VGTSX	-0.6	-0.62	-0.59	-0.59	-0.6	-0.6	-0.62	-0.59		0.99	VGTSX
VTIAX	-0.62	-0.64	-0.61	-0.61	-0.61	-0.61	-0.64	-0.6	0.99		VTIAX
	VTSAX	VFIAX	VTSMX	VITSX	VSTSX	VSMPX	VFINX	VFFSX	VGTSX	VTIAX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

VTSMX	+ 1.0	VTSAX
VITSX	+ 1.0	VTSAX
VSTSX	+ 1.0	VTSAX
VSMPX	+ 1.0	VTSAX
VFFSX	+ 1.0	VTSAX
VFINX	+ 1.0	VFIAX

High negative correlations

VTIAX	- 0.64	VFINX
VTIAX	- 0.64	VFIAX
VGTSX	- 0.62	VFINX
VGTSX	- 0.62	VFIAX
VTIAX	- 0.62	VTSAX
VTIAX	- 0.61	VSMPX

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
VTSAX	0.56	0.05	0.05	0.09	0.75	(0.58)	1.08	(0.95)	5.94
VFIAX	0.51	0.06	0.03	0.88	0.73	(0.50)	0.97	(0.96)	5.48
VTSMX	0.55	0.05	0.05	0.09	0.75	(0.58)	1.08	(0.94)	5.94
VITSX	0.55	0.05	0.05	0.09	0.75	(0.58)	1.08	(0.95)	5.95
VSTSX	0.55	0.05	0.05	0.09	0.75	(0.57)	1.09	(0.95)	5.94
VSMPX	0.55	0.05	0.05	0.09	0.75	(0.57)	1.09	(0.95)	5.94
VFINX	0.51	0.06	0.04	0.86	0.73	(0.50)	0.97	(0.96)	5.48
VFFSX	0.52	0.05	0.05	0.10	0.72	(0.52)	1.09	(0.96)	5.48
VGTSX	0.58	(0.12)	0.00	(0.38)	0.00	0.00	1.13	(1.56)	4.43
VTIAX	0.56	(0.09)	0.00	(0.25)	0.00	0.00	1.14	(1.32)	4.45

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC