Goldman Sachs Correlations

GCGCX Fund

USD 7.77 0.00 0.00%

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.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Goldman Sachs Centrated. 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 main economic indicators.

Moving against Goldman Mutual Fund

1.0	GCGAX	Goldman Sachs Centrated	Pair Corr
1.0	GCGUX	Goldman Sachs Centrated	Pair Corr
1.0	GCRIX	Goldman Sachs Centrated	Pair Corr

Related Correlations Analysis

	FIKBX	XFINX	BTO	RMBLX	TFIFX	RPFGX	HILFX
FIKBX		0.47	0.95	0.94	0.88	0.95	0.79	FIKBX
XFINX	0.47		0.55	0.43	0.3	0.4	0.49	XFINX
BTO	0.95	0.55		0.89	0.79	0.93	0.87	BTO
RMBLX	0.94	0.43	0.89		0.89	0.86	0.62	RMBLX
TFIFX	0.88	0.3	0.79	0.89		0.89	0.49	TFIFX
RPFGX	0.95	0.4	0.93	0.86	0.89		0.79	RPFGX
HILFX	0.79	0.49	0.87	0.62	0.49	0.79		HILFX
	FIKBX	XFINX	BTO	RMBLX	TFIFX	RPFGX	HILFX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FIKBX	0.83	0.08	0.02	0.29	0.97	(0.93)	1.66	(1.95)	11.21
XFINX	0.12	0.01	(0.26)	(0.14)	0.18	(0.16)	0.29	(0.28)	1.14
BTO	1.08	0.14	0.07	0.32	1.20	(1.12)	2.32	(1.91)	13.54
RMBLX	1.20	0.05	0.01	0.17	1.30	(1.41)	2.60	(2.07)	15.68
TFIFX	0.88	0.00	(0.03)	0.08	1.52	(0.91)	1.50	(1.77)	13.33
RPFGX	0.79	0.06	0.01	0.21	0.92	(0.87)	1.34	(1.40)	9.41
HILFX	1.09	0.23	0.14	0.64	1.03	(1.32)	2.04	(1.83)	15.79

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Goldman Sachs Correlations

Moving against Goldman Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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