Goldman Sachs Correlations

Mutual Funds . USA . 
Fund . Goldman Sachs E
GCFUX Fund  USD 9.10  0.01  0.11%   
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 E and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Goldman Sachs E 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 E. 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 employment.

Moving together with Goldman Mutual Fund

  0.75GCGIX Goldman Sachs LargePairCorr
  0.9GCFCX Goldman Sachs EPairCorr
  1.0GCFIX Goldman Sachs EPairCorr
  0.77GCICX Goldman Sachs InternPairCorr
  0.76GCIIX Goldman Sachs InternPairCorr
  0.77GCIRX Goldman Sachs InternPairCorr
  0.78GCISX Goldman Sachs InternPairCorr
  0.76GCITX Goldman Sachs InternPairCorr
  0.78GCIUX Goldman Sachs InternPairCorr
  0.78GCIAX Goldman Sachs InternPairCorr
  0.69GCMRX Goldman Sachs MidPairCorr
  0.69GCMTX Goldman Sachs MidPairCorr
  0.7GCMUX Goldman Sachs MidPairCorr
  0.68GCLLX Goldman Sachs FlexiblePairCorr
  0.66GCLSX Goldman Sachs LargePairCorr
  0.7GCMAX Goldman Sachs MidPairCorr
  0.73GCMCX Goldman Sachs MidPairCorr
  0.83GCMDX Goldman Sachs LocalPairCorr
  0.77GCTMX Goldman Sachs InternPairCorr
  0.72GCSAX Goldman Sachs SmallPairCorr
  0.7GCSCX Goldman Sachs SmallPairCorr
  0.72GCSIX Goldman Sachs SmallPairCorr

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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