Goldman Sachs Correlations
| GCGUX Fund | USD 18.40 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.
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Related Correlations Analysis
| 0.71 | 0.81 | 0.48 | 0.75 | 0.67 | MGGNX | ||
| 0.71 | 0.67 | 0.32 | 0.79 | 0.69 | LMUSX | ||
| 0.81 | 0.67 | 0.62 | 0.8 | 0.78 | XAWFX | ||
| 0.48 | 0.32 | 0.62 | 0.46 | 0.7 | GMADX | ||
| 0.75 | 0.79 | 0.8 | 0.46 | 0.76 | TAAKX | ||
| 0.67 | 0.69 | 0.78 | 0.7 | 0.76 | RHSAX | ||
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MGGNX | 0.18 | (0.02) | 0.00 | (0.48) | 0.00 | 0.35 | 1.05 | |||
| LMUSX | 0.71 | 0.01 | 0.00 | 0.03 | 1.16 | 1.27 | 6.30 | |||
| XAWFX | 0.13 | (0.01) | 0.00 | (0.99) | 0.00 | 0.18 | 0.88 | |||
| GMADX | 0.65 | (0.04) | 0.00 | 0.55 | 0.00 | 0.90 | 11.02 | |||
| TAAKX | 0.61 | (0.06) | 0.00 | (0.15) | 0.00 | 1.01 | 6.84 | |||
| RHSAX | 1.04 | (0.02) | 0.00 | 0.74 | 0.00 | 2.22 | 9.80 |