Goldman Sachs Correlations

FTIXX Fund

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The current 90-days correlation between Goldman Sachs Financial and Janus Global Technology is -0.02 (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 Financial 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 Financial and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Goldman Sachs Financial. Also, note that the market value of any money market fund could be closely tied with the direction of predictive economic indicators such as signals in interest.

Moving together with Goldman Money Market Fund

0.61

Home Depot

Pair Corr

Moving against Goldman Money Market Fund

0.72	PFHCX	Pacific Funds Small	Pair Corr
0.36	PPRWX	Putnam Panagora Risk	Pair Corr
0.35	PPRPX	Putnam Panagora Risk	Pair Corr
0.33	PPROX	Putnam Panagora Risk	Pair Corr
0.75	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.4	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr

Related Correlations Analysis

	JNGTX	FIKHX	DTEYX	ITYYX	ROGSX	JAGTX	USTCX
JNGTX		0.97	0.98	0.96	0.95	1.0	0.97	JNGTX
FIKHX	0.97		0.97	0.96	0.89	0.97	0.96	FIKHX
DTEYX	0.98	0.97		0.99	0.91	0.98	0.98	DTEYX
ITYYX	0.96	0.96	0.99		0.86	0.96	0.99	ITYYX
ROGSX	0.95	0.89	0.91	0.86		0.95	0.89	ROGSX
JAGTX	1.0	0.97	0.98	0.96	0.95		0.97	JAGTX
USTCX	0.97	0.96	0.98	0.99	0.89	0.97		USTCX
	JNGTX	FIKHX	DTEYX	ITYYX	ROGSX	JAGTX	USTCX

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Risk-Adjusted Indicators

There is a big difference between Goldman Money Market Fund performing well and Goldman Sachs Money Market 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
JNGTX	0.91	(0.03)	(0.02)	0.09	1.35	(0.89)	1.89	(2.57)	5.88
FIKHX	1.04	0.00	0.01	0.12	1.58	(0.97)	2.17	(2.57)	7.16
DTEYX	0.92	0.01	0.01	0.14	1.27	(0.91)	1.88	(2.49)	5.99
ITYYX	0.96	0.09	0.08	0.20	1.26	(0.98)	2.50	(2.43)	6.05
ROGSX	0.87	(0.09)	(0.05)	0.04	1.35	(0.85)	1.70	(2.51)	5.59
JAGTX	0.90	(0.03)	(0.02)	0.09	1.34	(0.89)	1.88	(2.58)	5.87
USTCX	0.91	0.04	0.03	0.15	1.22	(0.88)	2.39	(2.53)	6.28

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