Goldman Sachs Correlations

GCVIX Fund

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The current 90-days correlation between Goldman Sachs Large and Goldman Sachs Large is 0.08 (i.e., Significant 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

Modest diversification

The correlation between Goldman Sachs Large and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Goldman Sachs Large 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 Large. 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 gross domestic product.

Moving together with Goldman Mutual Fund

0.73	GCEBX	Goldman Sachs Clean	Pair Corr
0.65	GCEDX	Goldman Sachs Clean	Pair Corr
0.65	GCEEX	Goldman Sachs Clean	Pair Corr
0.65	GCEGX	Goldman Sachs Clean	Pair Corr
0.65	GCEJX	Goldman Sachs Clean	Pair Corr
0.65	GCEPX	Goldman Sachs Clean	Pair Corr
0.86	GCGIX	Goldman Sachs Large	Pair Corr
0.7	GCFCX	Goldman Sachs E	Pair Corr
0.69	GCFIX	Goldman Sachs E	Pair Corr
0.69	GCFUX	Goldman Sachs E	Pair Corr
0.84	GCICX	Goldman Sachs Intern	Pair Corr
0.84	GCISX	Goldman Sachs Intern	Pair Corr
0.83	GCIUX	Goldman Sachs Intern	Pair Corr
0.91	GCLSX	Goldman Sachs Large	Pair Corr
0.9	GCSUX	Goldman Sachs Small	Pair Corr
0.91	GCVRX	Goldman Sachs Large	Pair Corr
0.9	GDSTX	Goldman Sachs Small	Pair Corr
0.95	GVIRX	Goldman Sachs Equity	Pair Corr
0.92	GFVIX	Goldman Sachs Focused	Pair Corr
0.63	GGDPX	Goldman Sachs Intern	Pair Corr
0.7	GGHPX	Goldman Sachs Intern	Pair Corr

Moving against Goldman Mutual Fund

0.54	GEIIX	Goldman Sachs Enhanced	Pair Corr
0.49	GEIAX	Goldman Sachs Enhanced	Pair Corr
0.49	GFRIX	Goldman Sachs High	Pair Corr
0.48	GFRAX	Goldman Sachs High	Pair Corr
0.41	GZIRX	Goldman Sachs Strategic	Pair Corr

Related Correlations Analysis

	GCGIX	GEMIX	GCSIX	GSPIX	GCIIX
GCGIX		0.53	0.94	0.9	0.82	GCGIX
GEMIX	0.53		0.51	0.5	0.76	GEMIX
GCSIX	0.94	0.51		0.91	0.83	GCSIX
GSPIX	0.9	0.5	0.91		0.84	GSPIX
GCIIX	0.82	0.76	0.83	0.84		GCIIX
	GCGIX	GEMIX	GCSIX	GSPIX	GCIIX

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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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
GCGIX	1.05	(0.07)	(0.04)	1.72	(2.23)	13.31
GEMIX	0.60	(0.09)	(0.37)	1.15	(1.49)	3.35
GCSIX	1.13	(0.14)	(0.06)	2.02	(1.71)	17.59
GSPIX	0.74	(0.07)	(0.13)	1.16	(1.45)	12.22
GCIIX	0.65	(0.06)	(0.20)	1.14	(1.62)	5.25

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