Goldman Sachs Correlations

GDEUX Fund  USD 22.93  0.47  2.01%   
The current 90-days correlation between Goldman Sachs Dynamic and Goldman Sachs Clean is 0.28 (i.e., Modest 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

Very weak diversification

The correlation between Goldman Sachs Dynamic and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Goldman Sachs Dynamic 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 Dynamic. 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

  1.0GCGVX Goldman Sachs DynamicPairCorr
  0.66GCICX Goldman Sachs InternPairCorr
  0.68GCIIX Goldman Sachs InternPairCorr
  0.66GCIRX Goldman Sachs InternPairCorr
  0.67GCISX Goldman Sachs InternPairCorr
  0.67GCITX Goldman Sachs InternPairCorr
  0.68GCIUX Goldman Sachs InternPairCorr
  0.67GCIAX Goldman Sachs InternPairCorr
  0.69GCLLX Goldman Sachs FlexiblePairCorr
  0.83GCRTX Goldman Sachs AbsolutePairCorr
  0.87GCTCX Goldman Sachs TaxPairCorr
  0.76GCTMX Goldman Sachs InternPairCorr
  0.92GCTRX Goldman Sachs TaxPairCorr
  0.91GCTSX Goldman Sachs TaxPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
GCEEXGCEDX
GCEGXGCEDX
GCEJXGCEDX
GCEPXGCEDX
GCEGXGCEEX
GCEJXGCEEX
  
High negative correlations   
GCGUXGCGCX
GCGCXGCGAX
GCGUXGCGIX
GCGIXGCGCX
GCGIXGCGAX
GCGUXGCEPX

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.